Uzbekistan’s economy, worth $80 billion, relies on agriculture, with cotton, fruits, and vegetables employing 25% of the workforce. Gold and gas drive exports, contributing 30% to GDP. Industry, including automotive and textiles, is growing. Emerging sectors include IT, with Tashkent as a tech hub, and tourism, tied to Silk Road sites. Reforms since 2016 have boosted trade and investment. Infrastructure and energy shortages persist, but liberalization and regional connectivity position Uzbekistan as Central Asia’s rising star, with potential in renewables.
Uzbekistan Economy Size
Uzbekistan’s economy, at $80 billion, is mid-sized, with agriculture and mining driving its GDP, fueled by reforms. See Uzbekistan GDP.
Uzbekistan Purchasing Power Parity (PPP)
Uzbekistan’s economy has a PPP GDP of $350 billion, over four times its $80 billion nominal GDP, driven by low costs for agriculture and mining. PPP per capita is around $10,000, reflecting modest purchasing power. Domestic pricing and reforms boost markets, amplifying PPP-driven economic growth potential.
Uzbekistan Growth Rate
The economic growth rate is 4.5% in 2024, driven by agriculture and mining. Cotton exports and infrastructure investments support growth, but debt and corruption pose risks. Tourism contributes, while reforms drive resilience, positioning the economy for robust progress as Central Asia’s rising star.
Uzbekistan Inflation
Uzbekistan’s inflation rate is about 8% in 2024, driven by rising global food and energy prices. Strong cotton and gold exports fuel demand, while currency depreciation increases import costs. Agricultural disruptions add pressure, but monetary tightening and reforms help moderate inflation, though reliance on exports sustains volatility.
