The Gross Domestic Product (GDP) in Uzbekistan expanded 0.40 percent in January-September 2020 over the same quarter of the previous year. source: State Committee on Statistics of Uzbekistan

GDP Annual Growth Rate in Uzbekistan averaged 6.97 percent from 2002 until 2020, reaching an all time high of 9.80 percent in the third quarter of 2007 and a record low of 0.20 percent in the second quarter of 2020. This page provides - Uzbekistan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Uzbekistan GDP Annual Growth Rate - values, historical data and charts - was last updated on January of 2021.

GDP Annual Growth Rate in Uzbekistan is expected to be 5.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Uzbekistan to stand at 6.00 in 12 months time. In the long-term, the Uzbekistan GDP Annual Growth Rate is projected to trend around 5.50 percent in 2022, according to our econometric models.

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Uzbekistan GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.20 9.80 0.20 2002 - 2020 percent Quarterly


Uzbekistan GDP Annual Growth Rate
Even though Uzbekistan’s economy is relatively closed, it has been growing steadily due to its vast natural resources of oil, natural gas and gold. Receipts from these key industries allow the government to control the economy through investments in services (accounting for 48 percent of GDP) and industry (accounting for 40 percent of GDP). Uzbekistan is currently the world’s fifth largest producer of cotton, but is attempting to diversify its agriculture towards fruits and vegetables.