Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan’s gross domestic product (GDP) reached 1,755.5 trillion soums at current prices in January–September 2026, increasing by 8.3% in real terms compared with the same period last year, according to preliminary data from the National Statistics Committee.
Factors driving GDP growth
The services sector made the largest contribution to GDP growth. Its output increased by 8.9%, contributing 4.2 percentage points to overall growth. Trade, including accommodation and food services, expanded by 15.1%, while transport and storage, information and communications grew by 18.1%. Other services increased by 3.2%.
Industry grew by 8.1%, contributing 2.0 percentage points to GDP growth. Construction activity increased by 12.5%, adding 1.0 percentage point. Agriculture, forestry and fisheries grew by 4.6%, contributing 0.7 percentage points. Net taxes on products increased by 8.4%, adding 0.4 percentage points.
Industrial production
Uzbekistan’s industrial enterprises produced goods worth 1,085.7 trillion soums during the first nine months of 2026. Industrial production increased by 8.1% compared with the same period last year.
Manufacturing accounted for 86.9% of total industrial output, followed by mining and quarrying at 6.5%, electricity, gas, steam and air-conditioning supply at 6.0%, and water supply, sewerage, waste collection and disposal at 0.6%.
All major industrial segments recorded growth. Manufacturing output increased by 8.6%, electricity, gas, steam and air-conditioning supply by 10.1%, mining and quarrying by 3.1%, and water supply, sewerage and waste management by 1.6%.
Manufacturing growth was supported by higher production of machinery and equipment not elsewhere classified, which reached 148.9% of the January–September 2025 level. Output of other transport equipment reached 133.9% of the previous year’s level, while other manufactured goods reached 132.3%. Tobacco product output declined to 83.4% of the year-earlier level.
Agriculture, forestry and fisheries
Agricultural, forestry and fishery output and services totalled 465,346.7 billion soums, equivalent to 104.6% of the level recorded in January–September 2025.
Crop and livestock production, hunting and related services generated 416,344.7 billion soums, or 104.7% of the previous year’s level. Forestry contributed 41,253.3 billion soums, equivalent to 105.0%, while fisheries generated 7,748.7 billion soums, or 101.2%.
Growth was mainly driven by a 4.6% increase in agricultural production. Across all farm categories, vegetable output increased by 3.6%, grain production by 16.3%, potato production by 6.6% and melon production by 4.5%.
Dehkan and household farms accounted for 62.2% of agricultural output, farms for 26.7%, and organisations engaged in agricultural activities for 11.0%.
Inflation and consumer prices
Consumer price inflation in January–September 2026 stood at 4.2%.
Food prices increased by an average of 2.9%, contributing 1.19 percentage points to overall inflation. Non-food goods rose by 4.6%, contributing 1.50 percentage points, while services became 5.6% more expensive, contributing 1.48 percentage points.
Among consumer basket categories, the highest price increase compared with December 2025 was recorded in insurance and financial services, where the index reached 143.9%. Clothing and footwear recorded the lowest index, at 101.9%.
Housing services, water, electricity, gas and other fuels, together with food and non-alcoholic beverages, made the largest combined contribution to consumer price growth. Their contribution totalled 2.25 percentage points, or 54.0% of the overall impact. The remaining categories contributed 1.92 percentage points.
Fixed capital investment
Fixed capital investment from all financing sources totalled 584,154.2 billion soums, representing 120.1% of the level recorded in the same period of 2025.
Foreign direct investment and loans accounted for 63.6% of total investment, including 38.9% from foreign direct investment. Household funds represented 12.3%, enterprises’ own funds 11.6%, foreign loans guaranteed by Uzbekistan 6.2%, the republican budget 4.3%, commercial bank loans and other borrowed funds 1.3%, and the Fund for Reconstruction and Development 0.7%.
The fastest growth was recorded in investment financed by the Fund for Reconstruction and Development, which reached 236.2% of its 2025 level, and foreign loans guaranteed by Uzbekistan, at 154.0%.
Investment financed by the republican budget reached 123.7% of the previous year’s level. Commercial bank loans and other borrowed funds reached 123.1%, foreign direct investment and loans 120.5%, foreign direct investment alone 120.5%, household funds 111.0% and enterprises’ own funds 109.9%.
Construction
Construction work totalled 339,328.2 billion soums, representing growth of 12.3%.
Large enterprises and organisations completed work worth 89,542.7 billion soums, accounting for 26.4% of the total. Small enterprises and microfirms contributed 171,669.8 billion soums, or 50.6%, while entities in the informal sector accounted for 78,115.7 billion soums, or 23.0%.
Retail trade
Retail trade turnover reached 432,161.2 billion soums, up 19.7% year on year.
Large enterprises accounted for 17.8% of turnover, with sales increasing by 12.3%. Retail turnover among small businesses rose by 20.4%, and their share of the total reached 71.9%.
Sales through unorganised trade totalled 44,463.3 billion soums, accounting for 10.3% of overall retail turnover.
Foreign trade
Uzbekistan’s foreign trade turnover reached US$65.4 billion, an increase of US$3.9 billion, or 6.3%, compared with January–September 2025.
Exports totalled US$25.8 billion, down 5.5%, while imports increased by 15.7% to US$39.6 billion.
Goods accounted for 62.4% of exports. Manufactured goods represented 14.1%, miscellaneous manufactured articles 10.2%, and chemicals and related products 7.9%.
Machinery and transport equipment made up the largest share of imports, at 32.5%. Manufactured goods accounted for 13.8%, while chemicals and related products represented 12.1%.
Market services
The value of market services reached 1,003.2 trillion soums, an increase of 16.7% year on year.
Trade made the largest contribution to growth, increasing by 17.4% and contributing 4.0 percentage points. Financial services expanded by 22.0%, contributing 3.4 percentage points; transport services grew by 16.4%, contributing 2.8 percentage points; accommodation and food services increased by 11.3%, contributing 2.1 percentage points; and communications and information services rose by 21.4%, contributing 1.6 percentage points.
Trade services generated the largest volume, at 235,284.4 billion soums, equivalent to 117.4% of the previous year’s level. Accommodation and food services totalled 179,704.5 billion soums, or 111.3%; financial services reached 163,753.5 billion soums, or 122.0%; and transport services amounted to 162,833.9 billion soums, or 116.4%.
Enterprises and organisations
As of 1 October 2026, Uzbekistan had 621,100 operating enterprises and organisations, including 459,100 small enterprises and microfirms, excluding farms and dehkan households.
Tashkent city had the largest number, at 118,860, followed by Tashkent Region with 59,191, Samarkand Region with 57,237, Ferghana Region with 52,326, Kashkadarya Region with 47,969, Andijan Region with 37,943 and Bukhara Region with 37,469.
By economic activity, trade had the largest number of enterprises, at 170,555. Agriculture, forestry and fisheries accounted for 135,411, industry for 66,001, accommodation and food services for 35,439, and construction for 34,451.
A total of 68,500 new enterprises and organisations were established during the first nine months of 2026, including 66,300 small enterprises and microfirms.
The country had 22,029 operating enterprises with foreign capital, comprising 4,851 joint ventures and 17,178 foreign-owned enterprises.
