The United Nations’ “World Economic Situation and Prospects 2025” (WESP 2025) report predicts Uzbekistan’s GDP will grow by 5.9% in 2025, following a 6.1% growth rate in 2024. Economic growth is projected to moderate to 5.4% in 2026.
Tourism continues to be a vital driver of Uzbekistan’s economic expansion, according to the report.
Inflation in Uzbekistan is expected to decline from 9% in 2024 to 7.4% in 2025 and further to 5.2% in 2026.
Globally, world trade is forecast to grow by 3.2% in 2025, following a 3.4% increase in 2024, driven by industrial goods exports from Asia and active services trade. However, risks such as trade tensions, protectionist measures, and geopolitical uncertainties may impact these projections.
Global inflation is projected to decrease from 4% in 2024 to 3.4% in 2025, benefiting households and businesses. Major central banks are expected to continue lowering interest rates as inflationary pressures ease.
Despite this downward trend, inflation in some developing countries will remain elevated, with one in five nations experiencing double-digit rates in 2025.
