Uzbekistan - Economy
How is the economy of Uzbekistan? Based on the information we have, Uzbekistan has a

lower-middle income Central Asian economy; key exporter of natural gas, cotton, and gold; ongoing reform efforts to reduce state-owned sector dominance, attract foreign investment, and improve sustainability of cotton production

. Key agricultural products in this country include: milk, wheat, cotton, potatoes, carrots/turnips, tomatoes, grapes, watermelons, vegetables, apples (2023).
More about the economy of Uzbekistan
Labor force 13.974 million (2024 est.)
Industrial production growth rate 7.2% (2024 est.)
Industries textiles, food processing, machine building, metallurgy, mining, hydrocarbon extraction, chemicals
Population below poverty line 11% (2023 est.)
Taxes and other revenues 11.5% (of GDP) (2023 est.)
Fiscal year
Exchange rates
Currency Uzbekistani soum (UZS) per US dollar -
Exchange rates 2024 12,652.287 (2024 est.)
Exchange rates 2023 11,734.833 (2023 est.)
Exchange rates 2022 11,050.145 (2022 est.)
Exchange rates 2021 10,609.464 (2021 est.)
Exchange rates 2020 10,054.261 (2020 est.)
Debt - external
Debt - external 2023 $25.714 billion (2023 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $41.237 billion (2024 est.)
Reserves of foreign exchange and gold 2023 $34.558 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $35.774 billion (2022 est.)
Current account balance
Current account balance 2024 -$5.738 billion (2024 est.)
Current account balance 2023 -$7.799 billion (2023 est.)
Current account balance 2022 -$2.847 billion (2022 est.)
Public debt
Public debt 2016 10.5% of GDP (2016 est.)
Budget
Revenues $21.565 billion (2023 est.)
Expenditures $25.953 billion (2023 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 14.4% of GDP (2024 est.)
Remittances 2023 13.8% of GDP (2023 est.)
Remittances 2022 17.2% of GDP (2022 est.)
Household income
Lowest 10% 2.1% (2023 est.)
Highest 10% 25.3% (2023 est.)
Average household expenditures
On food 46.3% of household expenditures (2023 est.)
On alcohol and tobacco 3.2% of household expenditures (2023 est.)
Imports
Imports 2024 $43.624 billion (2024 est.)
Imports 2023 $42.646 billion (2023 est.)
Imports 2022 $35.643 billion (2022 est.)
Imports (partners) China 32%, Russia 17%, Kazakhstan 8%, S. Korea 6%, Turkey 5% (2023)
Comodities Imports force cars, vehicle parts/accessories, packaged medicine, refined petroleum, aircraft (2023)
Exports
Imports 2024 $43.624 billion (2024 est.)
Imports 2023 $42.646 billion (2023 est.)
Imports 2022 $35.643 billion (2022 est.)
Exports (partners) Switzerland 34%, Russia 12%, UK 11%, China 7%, Turkey 6% (2023)
Comodities Exports force gold, cotton yarn, garments, fertilizers, fabric (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $379.989 billion (2024 est.)
Real GDP (purchasing power parity) 2023 $356.797 billion (2023 est.)
Real GDP (purchasing power parity) 2022 $335.678 billion (2022 est.)
GDP (official exchange rate) $114.965 billion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $10,500 (2024 est.)
Real GDP per capita 2023 $10,000 (2023 est.)
Real GDP per capita 2022 $9,600 (2022 est.)
GDP - composition, by sector of origin
Agriculture 18.3% (2024 est.)
Industry 31.8% (2024 est.)
Services 45.2% (2024 est.)
GDP - composition, by end use
Household consumption 68% (2024 est.)
Government consumption 13.9% (2024 est.)
Investment in fixed capital 37.1% (2024 est.)
Investment in inventories -3.8% (2024 est.)
Exports of goods and services 22.8% (2024 est.)
Imports of goods and services -38% (2024 est.)
Unemployment rate
Unemployment rate 2024 4.5% (2024 est.)
Unemployment rate 2023 4.5% (2023 est.)
Unemployment rate 2022 4.5% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 10.9% (2024 est.)
Male 7.2% (2024 est.)
Female 18.1% (2024 est.)
All Important Facts about Uzbekistan

Want to know more about Uzbekistan? Check all different factbooks for Uzbekistan below.

Uzbekistan is found in Central Asia