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Indicators of economy in Uzbekistan

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,183 USD per capita. GDP in Uzbekistan, on the other hand, reached USD 1,983 per capita, or 69.24 billion USD for the whole country. Uzbekistan is therefore currently ranked 74 of the major economies. If this is calculated per inhabitant, taking purchasing power parity into account, then Uzbekistan ranks 128th in the list of the richest countries.

Inflation in Uzbekistan in 2022 was around 11.45%. Within the EU, the average in the same year was 9.22 percent. In the United States, it was most recently 8.00%.

The index for perceived corruption in the public sector is 31, which is below average by global standards.


Back to overview: Uzbekistan

Impact of the COVID-19 pandemic

Overall, the gross domestic product in Uzbekistan in 2020 decreased moderatly from 59.91 billion US dollars to 59.89 billion US dollars. Certainly, there have been shifts in some sectors of the economy, but a drop of 0.022 percent is still comparatively good this year. Numerous countries suffered more substantial losses. The tourism sector alone slumped by around 76 percent. Fortunately, the unemployment rate actually fell from 5.9 to 5.3 percent. The inflation rate fell from 14.5 percent previously to 12.9 percent by the end of 2020.

In 2021, there was already a recovery and the gross domestic product increased to 69.24 billion US dollars (=115.6% of 2019).

Income and purchasing power

The average monthly income in Uzbekistan is 163 US Dollar per capita. In the USA, the figure is 5,911 US Dollar. However, the prices of consumer goods are also around 78.3 percent lower than in the USA. If you compare income and price levels, the result is a more expensive life in Uzbekistan than in the United States. The bottom line is that the costs do not offset the lower income, and you get about 87.3 percent less.

However, it is also important to remember that this is a purely statistical model. Both the labor output and the type and quality of the goods received always correspond to the national average on both sides of the equation - so they do not necessarily have to match. Here you can also find an international comparison of cost of living and purchasing power.

Unemployment rates in percentages 1991 - 2022

Economic performance 2021

 Uzbekistan
Total		Uzbekistan
per capita		EU
Total		EU
per capita
GDP69.24 bn USD1,983.06 USD17.177 tn USD33,384.92 USD
Gross national product68.58 bn USD1,964.16 USD16.895 tn USD32,835.37 USD


In the Global Innovation Index, Uzbekistan ranked 82nd in 2022 with 25.3 points. The index is calculated annually by the World Intellectual Property Organization (WIPO) and most recently included 132 countries. The top country was Switzerland with 64.6 points.

Development of gross domestic product in billions of USD 1990 - 2021


› Development of inflation
› Corruption in Uzbekistan
› Cost of living in a global comparison


Imports and Exports 2021

 Uzbekistan
Total		Uzbekistan
per capita		EU
Total		EU
per capita
Imports27.77 bn USD795.35 USD8.916 tn USD17,329.02 USD
Exports16.40 bn USD469.69 USD9.554 tn USD18,569.19 USD


Development of imports and exports in billions of USD 2010 - 2021

Exports
Imports



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