Uzbekistan - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Uzbekistan including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Uzbekistan economy.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 7782.80
9076 10506 12160 14076 25268
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.90
percent
4.9 5.5 5.5 4.8 4.8
GDP 48.72
USD Billion
50 50 58.8 58.8 60
Gross Fixed Capital Formation 16826.60
UZS Billion
41473 64059 17752 17634 70490
GDP per capita 2031.05
USD
2126 2126 2232 2232 2288
GDP per capita PPP 6253.10
USD
6499 6499 6662 6662 6900
Gdp Constant Prices 249136.40
UZS Billion
178408 262839 262839 261095 289228
Gdp From Agriculture 5521.10
UZS Billion
48458 73327 5825 5786 80689
Gdp From Construction 3270.40
UZS Billion
26410 35934 3450 3427 39542
Gdp From Services 31910.10
UZS Billion
81036 123219 33665 33442 135591
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.20
percent
7.25 8.5 7.2 7.2 7.9
Unemployed Persons 837.00
Thousand
777 776 777 777 723
Population 32.70
Million
33.14 33.28 33.42 33.56 34.99
Employed Persons 13520.00
Thousand
13667 13724 13769 13815 14198
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 55.00
55 55 55 55 55
Wages 1453.20
UZS Thousand/Month
1518 1518 1600 1028 1700
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 14.40
percent
5.3 5.3 4.8 4.8 3.8
Food Inflation 15.90
percent
3.5 3.5 4 4 5.5
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 14.00
percent
10 10 10 13.25 8
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 945.50
USD Million
2910 5907 4925 5907 12289
Exports 13953.00
USD Million
14535 15008 15243 15478 17539
Imports 13008.30
USD Million
11626 11064 10318 9571 5250
Current Account 1429.00
USD Million
746 778 1018 1258 1118
Current Account to GDP 1.36
percent
1.2 1.2 2 2 2.3
Crude Oil Production 41.00
BBL/D/1K
41.73 41.56 41.62 41.65 41.63
Terrorism Index 0.08
0 0 0 0 0
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 14.10
percent
16 16 15 15 13
Government Budget -3.00
percent of GDP
-1.46 -1.92 -1.99 -2.05 -2.95
Government Spending 16979500.00
UZS Million
17811496 17913373 17913373 17794516 19711875
Government Budget Value 42.70
UZS Billion
116 118 118 118 118
Government Revenues 14163.20
UZS Billion
27460 27637 27618 27620 27620
Fiscal Expenditure 14120.50
UZS Billion
27344 27519 27500 27502 27502
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 10.70
percent
10.59 11.15 9.96 10.85 10.54
Internet Speed 5925.44
KBps
8195 8547 8879 9200 12052
IP Addresses 89705.00
IP
98569 99899 99884 101110 103155
Ease of Doing Business 74.00
72 68 68 68 69
Corruption Index 22.00
Points
22 23 23 23 23
Corruption Rank 157.00
160 162 162 162 164
Steel Production 50.00
Thousand Tonnes
54.23 54.91 54.64 54.56 54.59
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Retail Sales YoY 2.70
percent
2.81 3.36 2.81 3.4 3.37
Consumer Spending 54399700.00
UZS Million
57065285 57391684 57391684 57010886 63153809
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 7.50
percent
7.5 7.5 8 8 9
Personal Income Tax Rate 23.00
percent
23 23 23 23 22
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 32.00
percent
32 32 32 32 32
Social Security Rate For Companies 25.00
percent
25 25 25 24.99 24.99
Social Security Rate For Employees 7.00
percent
6.94 6.94 6.75 6.69 5.83
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 20.39
mm
2.35 16.55 25.52 17.21 16.24
Temperature 2.68
celsius
24.36 4.84 0.2 21.66 12.58