As the year 2025 comes to a close, Uzbekistan's economy has recorded significant changes and achievements. This was reported by Upl.uz.
Throughout the year, macroeconomic forecasts were revised, and new infrastructure benchmarks were achieved. Below are the five most important economic events and trends of the year.
Revised Economic Growth Figures At the beginning of December, particularly on December 9, the Center for Economic Research and Reforms (CERR) released updated data on the dynamics of gross domestic product (GDP) growth. While earlier forecasts estimated growth at a range of 6.7-7%, the revised figures indicate GDP growth at 7.5%.
This increase is attributed to higher export volumes, strong investment activity, and strengthened domestic demand. Efforts to boost household incomes were emphasized, and on November 18, the government outlined specific goals aimed at improving living standards.
According to Deputy Prime Minister Jamshid Khodjaev, by the end of the year, GDP per capita will reach $3,700. A strategic goal has been set to advance Uzbekistan into the category of high-income countries ahead of the planned programs set for 2030.
Meanwhile, monetary policy was aimed at keeping inflation below 8%. Record-breaking passenger transportation in aviation The transport sector achieved historic milestones early in the year.
On December 22, Uzbekistan Airports announced that it had welcomed its 15 millionth passenger since the beginning of the year. This record was marked at Karshi Airport, demonstrating a trend toward decentralization in aviation.
This success is attributed to programs for modernizing regional airports and expanding route networks. Digital sector capitalization A key event in the technology sector was ICT Week Uzbekistan 2025, held at the end of September.
During the event, it was announced that the valuation of the country’s startup ecosystem had surpassed $1.2 billion. Tashkent strengthened its position as Central Asia’s IT hub, attracting $340 million in venture investment to local tech projects over the course of the year.
For the first time in 2025, growth rates in the digital economy (IT sector and e-commerce) outpaced the growth rates of traditional resource-based industries. Investment foundation laid During the summer, a foundation was created to accelerate industrial production.
According to the July 25 report, the volume of investments utilized in the first half of the year increased by 29.8 trillion soums compared to the previous year. Financial flows were primarily directed toward the energy sector, metallurgy, and large-scale infrastructure projects.
These investments enabled the support of industrial production dynamics and the creation of necessary capacities for economic expansion.
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