Uzbekistan’s economy grew by 5.4 percent in 2022, slowing from a 7.4 percent rise in 2021. The war in Ukraine and the consequent sanctions on Russia alongside Covid-19 restrictions in China weighed on economic activity. In particular, remittances from Russia are a major source of private spending while China is a key trading partner. source: World Bank
Full Year GDP Growth in Uzbekistan averaged 4.40 percent from 1988 until 2022, reaching an all time high of 9.47 percent in 2007 and a record low of -11.20 percent in 1992. This page includes a chart with historical data for Uzbekistan Full Year GDPGrowth. Uzbekistan Full Year GDPGrowth - values, historical data and charts - was last updated on January of 2023.
Full Year GDP Growth in Uzbekistan is expected to reach 4.50 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uzbekistan Full Year GDPGrowth is projected to trend around 4.80 percent in 2024 and 5.00 percent in 2025, according to our econometric models.