Uzbekistan is increasingly setting the pace for economic growth and integration in Central Asia, with fresh data showing it outstripping its neighbours in trade expansion and structural reform, even as Kazakhstan retains its status as the region’s largest economy. The findings come from a recent report by the Eurasian Development Bank (EDB) on India and Central Asia’s economic ties.
Strong Growth and Rising Trade
In 2023 Uzbekistan recorded GDP growth of 5.5%, one of the highest in the region, second only to Tajikistan’s 8.3%. By contrast, Kazakhstan, which accounts for 60% of Central Asia’s total GDP, posted growth...