Household Incomes Soar by Almost 10% in Q1 2025
The Statistics Committee of Uzbekistan has recently released data on the country’s socio-economic situation for the first quarter of 2025. The analysis reveals some interesting trends and changes compared to the same period in 2024.
One notable statistic is the inflation rate, which stood at 2.1% in the first quarter of 2025, up from 1.7% in 2024. Despite this increase, the country’s gross domestic product (GDP) experienced growth, reaching 6.8% compared to 6.4% in the previous year.
Industrial production also saw growth, with a 6.5% increase matching last year’s levels. However, the transport sector showed more modest growth, with passenger transportation increasing by 4.3% and freight turnover rising by just 2%, a significant drop from the previous year.
Uzbekistan’s foreign trade volume saw a notable increase of 8.6% in the first quarter of 2025, with exports surging by 24.4% and imports rising by 12.3%. This is a stark contrast to the previous year when exports fell by 2.3% and imports only increased by 3.6%.
The growth rate of real aggregate household incomes reached 9.8% in January-March of 2025, down from 11.2% in 2024. As of April 1, 2025, the country had 442,402 active enterprises and organizations, excluding farms and smallholder households, a decrease from the previous year.
The population of Uzbekistan as of April 1, 2025, was reported to be 37.7 million people. It is worth noting that Uzbekistan had the fastest rising prices among CIS countries, and the foreign trade balance deficit in 2024 amounted to $17.4 billion, according to the Central Bank.
Overall, the data suggests a mixed picture of growth and fluctuations in various sectors of Uzbekistan’s economy in the first quarter of 2025. As the year progresses, it will be interesting to see how these trends develop and impact the country’s economic landscape.
