Uzbekistan's Economy Achieves Stable Growth in 2025

Uzbekistan's economy and financial system demonstrated stability and positive results in the first half of 2025. According to data from the Central Bank, the economic growth rate reached 7.2 percent, while the inflation rate stood at 8.7 percent.

The banking sector strengthened: the level of non-performing loans remained low, and both capital and liquidity exceeded required levels. The return on assets reached 2 percent, while the return on equity was approximately 11 percent.

In the real estate market, prices stabilized, speculative demand decreased, and housing became more affordable for the population. Household debt burdens decreased and remained at a safe level, while mortgage lending continued to grow. Borrowers, however, are making their payments on time.

For the first time, banks conducted stress testing and analyzed the probability of loan defaults. Additionally, new measures were introduced to strengthen capital and protect the financial system from risks.

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