Uzbekistan’s GDP grows 8.3% in January–September 2026

Among consumer basket categories, insurance and financial services recorded the largest increase from December 2025, with the price index reaching 143.9%. Clothing and footwear saw the smallest rise, with the index standing at 101.9%.

Housing-related services, including water, electricity, gas and other fuels, together with food and non-alcoholic beverages, accounted for a combined 2.25 percentage points, or 54% of the overall contribution to consumer price growth.

Investment and construction remain strong

Investment in fixed capital reached UZS 584.2 trillion, representing a 20.1% increase from the same period last year.

Foreign direct investment and loans accounted for 63.6% of total investment, with direct foreign investment alone making up 38.9%. Household funds contributed 12.3%, business funds 11.6%, and foreign loans guaranteed by the Uzbek government 6.2%. The republican budget accounted for 4.3%, commercial bank loans and other borrowed funds for 1.3%, and the Fund for Reconstruction and Development for 0.7%.

Investment financed by the Fund for Reconstruction and Development more than doubled, reaching 236.2% of its year-earlier level. Foreign loans guaranteed by the government rose to 154% of the previous year's figure. Investment funded by the republican budget increased by 23.7%, while commercial bank loans and other borrowed funds grew by 23.1%.

Construction work totaled UZS 339.3 trillion, up 12.3% year on year. Small businesses and microfirms accounted for 50.6% of the total, large enterprises and organizations for 26.4%, and informal-sector operators for 23%.

Retail and market services grow

Retail trade turnover rose by 19.7% to UZS 432.2 trillion. Small businesses accounted for 71.9% of the total and increased their turnover by 20.4%. Large enterprises contributed 17.8%, with sales growing by 12.3%. Unorganized retail trade generated UZS 44.5 trillion, equivalent to 10.3% of total turnover.

The volume of market services reached UZS 1,003.2 trillion, up 16.7% year on year.

Trade services grew by 17.4% and made the largest contribution to the increase, adding 4 percentage points. Financial services expanded by 22%, contributing 3.4 percentage points, while transport services rose by 16.4%, contributing 2.8 percentage points. Accommodation and food services grew by 11.3%, and communications and information services by 21.4%.

In absolute terms, trade services totaled UZS 235.3 trillion, accommodation and food services UZS 179.7 trillion, financial services UZS 163.8 trillion, and transport services UZS 162.8 trillion.

Foreign trade turnover rises as exports fall

Uzbekistan's foreign trade turnover reached $65.4 billion in January–September, an increase of $3.87 billion, or 6.3%, from the same period in 2025.

Exports fell by 5.5% to $25.8 billion, while imports rose by 15.7% to $39.6 billion.

Goods accounted for 62.4% of exports. Industrial goods made up 14.1% of total exports, miscellaneous manufactured articles 10.2%, and chemicals and related products 7.9%.

Machinery and transport equipment represented the largest share of imports, at 32.5%. Industrial goods accounted for 13.8%, while chemicals and related products made up 12.1%.

Number of enterprises exceeds 621,000

As of October 1, Uzbekistan had 621,100 active enterprises and organizations, including 459,100 small enterprises and microfirms, excluding farms and dehkan households.

Tashkent had the largest number of registered enterprises, at 118,860. It was followed by Tashkent region with 59,191, Samarkand region with 57,237, Fergana region with 52,326, Kashkadarya region with 47,969, Andijan region with 37,943, and Bukhara region with 37,469.

Trade was the largest sector by number of enterprises, with 170,555, followed by agriculture, forestry and fisheries with 135,411, industry with 66,001, accommodation and food services with 35,439, and construction with 34,451.

A total of 68,500 new enterprises and organizations were established during the first nine months of the year, including 66,300 small enterprises and microfirms.

The country had 22,029 active enterprises with foreign capital participation, comprising 4,851 joint ventures and 17,178 foreign-owned enterprises.