Uzbekistan’s economy grows by 6.8%, GDP tops $25 billion in Q1

Between January and March 2025, the country’s GDP amounted to 333.6 trillion UZS (approximately $25.8 billion).

In the first quarter, the industrial sector grew by 6.5%, while agriculture, forestry, and fisheries expanded by 3.8%. The construction sector saw a robust increase of 10.7%.

The services sector grew by 7%, driven by an 8.8% increase in trade, accommodation, and food services, and a 14.3% rise in transportation, storage, information, and communications.

During this period, enterprises across the country produced industrial goods worth 211.3 trillion UZS.

However, production of crude oil and natural gas declined by 9.8%, and the manufacture of finished metal products (excluding machinery and equipment) fell by 20.9% compared to the same period in 2024.

The Statistics Committee noted that the price growth of agricultural products was mainly due to a 7.2% rise in egg prices, a 5% increase in vegetable prices, and a 3.6% increase in the prices of both meat and milk.

Consumer sector inflation for the January–March period stood at 2.1%. Food prices rose by 2.9%, contributing 1.3 percentage points to overall inflation.

Non-food prices increased by 0.8%, adding 0.2 percentage points to inflation, while service prices rose by 2.6%, contributing 0.6 percentage points to the overall increase in consumer prices.

Total investments in fixed capital from all sources reached 120.4 trillion UZS during the first quarter, which is 7.9% higher than in the same period last year.

For context, Uzbekistan’s GDP in the first quarter of 2022 was 162.8 trillion UZS, rising to 198.5 trillion UZS in 2023 and 242.7 trillion UZS in 2024.