Uzbekistan Forecasted to Achieve 5.8% Economic Growth by 2025, World Bank Reports
The World Bank’s latest “Global Economic Outlook” report has provided valuable insights into the economic trends, forecasts, and risks for Europe and Central Asia. Among the key findings, Uzbekistan stands out with impressive growth projections for the coming years.
According to the report, Uzbekistan’s economy is expected to grow by 5.8% in 2025 and 5.9% in 2026, showcasing some of the highest growth rates in Europe and Central Asia. These figures align closely with previous forecasts from October 2024, which also predicted a similar growth trajectory for the country.
Earlier reports had indicated a strong growth momentum for Uzbekistan, with GDP expected to increase by 6.5% in 2024, reaching a notable $115 billion. The consistent positive outlook for Uzbekistan’s economy reflects ongoing efforts to bolster economic development and diversification in the region.
Looking at other Central Asian countries, the World Bank forecast paints a mixed picture. Kazakhstan is projected to experience a growth rate of 4.7% in 2025, slightly dipping to 3.5% in 2026. Kyrgyzstan, on the other hand, is expected to maintain a steady growth rate of 4.5% for both 2025 and 2026.
Tajikistan, which has seen robust economic growth in recent years, is facing a potential slowdown. After experiencing growth rates of 8% in 2022 and 8.3% in 2023, the country is projected to see a moderation in growth to 6% in 2025 and 5% in 2026.
In light of these projections, it is essential for policymakers and stakeholders in the region to remain vigilant and proactive in addressing potential risks and challenges to sustain economic growth. Despite some fluctuations in growth rates, the overall outlook for Europe and Central Asia remains positive, with Uzbekistan leading the pack in terms of economic expansion.
