Despite this, the population’s propensity to save remained relatively high. The savings sub-index stood at 69.2 points in the second quarter.
Among those surveyed, 64.3% expected their savings to increase in the future, while 23.3% expected no change and 12.4% anticipated a decline.
The survey also examined how long existing savings would last. There was no significant change in the shares of respondents whose savings would cover up to one month, one to three months, three to six months, or more than six months.
At the same time, household deposits continued to grow. In the first half of 2026, the total outstanding balance of household deposits increased by 38% year on year, while the balance of term deposits in the national currency rose by 25.6%.
As of August 1, 2026, total deposits had reached UZS 482.7 trillion, compared with UZS 360.4 trillion a year earlier. This represented an increase of more than UZS 122 trillion, or 34%.
Of the total, UZS 142 trillion, or 29%, was held in demand deposits, which can be withdrawn at any time. Another UZS 175.7 trillion, or 36%, was held in deposits with maturities of up to one year, while UZS 164.94 trillion, or 34%, was held in long-term deposits with maturities of more than one year.
