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Embassy of the Republic of Uzbekistan in Japan

Uzbekistan: Macroeconomic Stability Driving Development



Presently, Uzbekistan boasts one of the largest and steadily advancing economies in the Central Asian region, showcasing active growth in recent years. As of 2021, the GDP reached $397 billion, securing the 62nd position globally.

Uzbekistan is characterized as an agrarian-industrial nation, with key agricultural activities including cotton cultivation, grains (wheat, corn, and rice), fruits and vegetables, melons and tobacco, along with livestock farming, particularly sheep breeding.

Ranked among the top five global cotton producers (alongside China, USA, India, and Pakistan), Uzbekistan predominantly exports a significant portion of its cotton production.

In recent years, the country has garnered BB-level sovereign credit ratings from esteemed agencies such as Fitch and Standard & Poor's, signifying the state's commitment and capability to meet financial obligations promptly and in full. This credit standing facilitated the successful placement of one billion dollars in five- and ten-year Eurobonds.

Notably, the Uzbekistani economy demonstrated substantial growth, increasing from $53 billion six years ago to $82 billion in 2022. Concurrently, GDP per capita witnessed a rise from $1,604 in 2018 to $2,255 in 2022. These statistics underscore Uzbekistan's trajectory of sustained economic development and macroeconomic stability.

 
 
 


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