The VEB Research Institute has forecast Uzbekistan’s GDP to rise by 6.7% in 2025, exceeding the consensus estimate of 6.1%. Growth is expected to remain robust at around 6.0–6.2% in 2026–2027.
According to analysts, this strong performance will be supported by steady population growth, rising domestic demand, and an expanding private sector. Additional drivers include higher gold and uranium production and exports, stronger inflows of foreign direct investment, and increased cross-border remittances.
Inflation and Monetary Policy
Inflation is projected at 8.6–8.7% in 2025, slowing to 6.0–7.0% in 2026–2027. The Central Bank is expected to maintain moderately tight monetary policy...