Economy of Uzbekistan
Population: 32.96 M (2018)
GDP per Capita: 1,532 USD (2018)
50,500 M.

GDP USD

(2018)

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14,700 M.

EXPORTS USD

(2018)

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19,560 M.

IMPORTS USD

(2018)

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20.65 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 5.12 % (2018)
GDP of 2010 USD USD 78.00 B. (2018)
GDP Current USD USD 50.50 B. (2018)
GDP per Capita Current USD USD 1,532 (2018)
GDP per capita, PPP USD 7,592 (2018)
GDP per Capita, 2010 USD USD 2,366 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 14.98 % (2018)
Government Spending USD 7.56 B. (2018)
Government Debt % GDP 20.65 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 162.02 (2018)
Trade Openness 67.85 % (2018)
Exports of Goods and Services % GDP 29.11 % (2018)
Exports Goods & Services USD 14.70 B. (2018)
Exports Annual Growth 10.66 % (2018)
Imports as % GDP 38.74 % (2018)
Total Imports USD 19.56 B. (2018)
Foreign Direct Investment % GDP 1.24 % (2018)
Foreign Direct Investment USD 0.62 B. (2018)
Current Account Balance % GDP USD -7.12 % (2018)
Current Account Balance USD -3.59 B. (2018)
Trade Balance % GDP -9.63 % (2018)
Trade Balance USD -9.31 B. (2018)
Foreign Exchange Reserves incl Gold USD 27.08 B. (2018)
Remittances % GDP 3.03 % (2016)
Remittances USD 4,663 M. (2018)
Balance of Payments USD 473 M. (2018)

Labor Market

Indicator Value
Labor Force 15.56 M. (2019)
Unemployment Rate 5.50 % (2019)
Unemployment Rate Females 5.69 % (2019)
Unemployment Rate Males 6.08 % (2019)
Youth Unemployment (ages 15-24) 10.30 % (2019)
Labor Force Participation Rate 65.49 % (2019)
Labor Force (Percent Female) 40.83 % (2019)
Female Labor Force Participation Rate 53.36 % (2019)
Male Labor Force Participation Rate 78.01 % (2019)
Dependent People 49.49 % (2018)

Agriculture Sector

Indicator Value
Forest Area 7.50 % (2016)
Forest Area km² 32,088 km² (2016)
Agricultural Land 62.93 % (2016)
Agricultural Land km² 267,700 km² (2016)
Employment 33.20 % (2019)
Value added % GDP 28.79 % (2018)
Agriculture Value added USD 14.54 B. (2018)
Crop Production Index 167.10 (2016)
Precipitation 206 mm (2014)
Arable Land 10 % (2016)
Cereal Yield 4,341 kg/hectare (2017)
Food production index 157 (2016)
Rural Population 50 % (2018)
Fertilizer use of Arable Land 233 kg/hectare (2016)
Livestock Production Index 134 (2016)
Economy of Uzbekistan

According to the World Bank and its latest published data, the economy of the Uzbekistan presents a growth rate of 5.12 % (2018) to the previous year.

With a population that reaches 32.96 M (2018) and a gross domestic product of USD 50.50 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,532 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Uzbekistan also has a workforce of 15.56 M. (2019) with an unemployment rate of 5.50 % (2019), where women represent 5.69 % (2019) and men 6.08 % (2019), the unemployment rate for young people between 15-24 years old stood at 10.30 % (2019). The total number of dependent people stands at 49.49 % (2018).

The central government spent 14.98 % (2018) of its gross domestic product that year, which in absolute terms is USD 7.56 B. (2018). Its consolidated public debt reached 20.65 of its GDP, not exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Uzbekistan exported USD 14.70 B. (2018), which represents 29.11 % (2018) of its gross domestic product, in that same sense its imports reached USD 19.56 B. (2018) with a direct foreign investment of USD 0.62 B. (2018).

Uzbekistan has a forest area of 32,088 km² (2016), which represents 7.50 % (2016) of its total area, an average rainfall of 206 mm (2014) per year and a population of 50 % (2018) living in rural areas. With a total area of 267,700 km² (2016) available for agriculture and 33.20 % (2019) of its employments, the agricultural sector contributes to the economy of the Uzbekistan about USD 14.54 B. (2018) (28.79 % (2018) of its GDP).