Uzbekistan’s gross domestic product (GDP) totaled approximately 333.6 trillion soms ($25.8 billion) in the first quarter of 2025, marking a 6.8 percent increase compared to the same period last year, according to preliminary data published by the country’s National Statistics Committee.
The positive GDP growth was driven by nearly all key sectors of the economy, with the service sector contributing the largest share—3.8 percentage points. Industry and construction followed with contributions of 1.7 and 0.7 percentage points, respectively.
The statistics committee provided sector-specific data: industrial enterprises produced goods worth over 211.3 trillion soms ($16.4 billion), an increase of 6.5 percent year-on-year. The manufacturing sector accounted for about 83 percent of industry’s contribution to GDP. Notably strong performance came from water supply, waste collection, and disposal companies, while declines were observed in oil and gas extraction and the production of fabricated metal products (excluding machinery and equipment).
Other sectors also showed positive momentum. Agriculture produced goods worth 52.7 trillion soms (about $4 billion), up 3.8 percent. Construction reached 50.3 trillion soms ($3.9 billion), up 10.8 percent. The service sector posted a notable increase of 12.6 percent, reaching approximately 210.9 trillion soms ($16.3 billion), with significant gains in IT services, finance, transportation, real estate, and retail.
Inflation for the quarter stood at 2.1 percent. Food prices rose by 2.9 percent, non-food items by 0.8 percent, and services by 2.6 percent.
Foreign trade volume reached $17.3 billion, 8.6 percent higher than in the first quarter of 2024. Exports totaled $8.1 billion, while imports stood at nearly $9.2 billion. Non-monetary gold accounted for more than half of Uzbekistan’s export volume, while machinery and equipment dominated imports, comprising over 35 percent of inbound trade.
Investments in fixed capital totaled 120.4 trillion soms ($9.3 billion), reflecting a 7.9 percent increase. More than 65 percent of total investments came from foreign direct investment and loans.
