According to the president, industrial output grew by 8%, the services sector by 16.9%, construction by 13.8%, and agriculture by 4.7% during the six-month period.
The announcement comes after the Ministry of Economy and Finance, in its recently published 2027–2029 Fiscal Strategy, raised its forecast for economic growth in 2026 to 8.1%. The revised estimate marks a significant increase from the 6.6% growth projected in the state budget law adopted at the beginning of the year.
The fiscal strategy projects that real GDP growth will moderate to 6.9% in 2027, 7.1% in 2028 and 7.4% in 2029. GDP per capita is expected to increase from $5,106 in 2027 to $6,203 by 2029.
Uzbekistan’s economy grew by 7.7% in 2025, the fastest annual expansion recorded in recent years.
Speaking at the July 21 meeting, Mirziyoyev said the country’s population of 40 million requires sustained economic growth of 9–10% to deliver meaningful improvements in living standards.
The president noted that investment reached $28 billion during the first half of the year, while exports totaled $14.4 billion. He also highlighted recent upgrades to Uzbekistan’s sovereign credit rating by international rating agencies Fitch Ratings and Moody's Ratings.
At the same time, Mirziyoyev stressed that strong macroeconomic indicators alone are not enough. If the work of ministers and regional governors does not lead to tangible improvements in people's daily lives or make it easier for entrepreneurs to do business, he said, the results would remain nothing more than “figures on paper.”
He also warned that ministers, regional governors and sector heads who fail to meet their monthly, quarterly or annual targets have no grounds for complacency under the current circumstances.
