Uzbekistan's GDP Grows 8.5% in First Half of 2026

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekistan's Gross Domestic Product (GDP) reached 1,072.7 trillion soums at current prices in January–June 2026, expanding by 8.5% in real terms compared with the same period last year, according to a report by the National Statistics Committee of Uzbekistan.

The published figures are preliminary and incorporate statistical survey results evaluating the unobserved economy.

Five-Year Dynamics

First-half GDP volume has demonstrated steady expansion over the past five years: rising from 441.5 trillion soums in 2022 to 527.7 trillion in 2023, 670.1 trillion in 2024, 900.7 trillion in 2025, and hitting 1,072.7 trillion soums in 2026.

Real growth rates over this period fluctuated between 104.5% and 108.5%, with the first half of 2026 marking the highest growth rate of the five-year period.

Prices and Deflator

The GDP deflator index relative to January–June 2025 prices stood at 109.8%. Statisticians recorded the highest deflator values in industry (113.1%), agriculture, forestry, and fisheries (111.6%), and other service sectors (111.5%). Deflators fell below the national average in transportation, storage, information, and communication (103.2%), construction (105.6%), and trade, accommodation, and food services (106.2%).

Sectoral Breakdown

Gross value added across all economic sectors served as the primary growth engine, reaching 1,027.6 trillion soums (95.8% of GDP)—an 8.5% increase that contributed 8.1 percentage points to overall GDP expansion. Net taxes on products totaled 45.0 trillion soums (4.2% of GDP), growing 8.3% and adding another 0.4 percentage points.

By economic activity, the performance broke down as follows:

• Agriculture, forestry, and fisheries: 154.3 trillion soums, up 4.7% (contributing 0.7 percentage points);
• Industry: 272.6 trillion soums, up 8.0% (contributing 2.0 percentage points);
• Construction: 79.2 trillion soums, up 13.7% (contributing 1.0 percentage points);
• Trade, accommodation, and food services: 151.2 trillion soums, up 13.5% (contributing 1.8 percentage points);
• Transportation, storage, information, and communication: 88.0 trillion soums, up 18.6% (contributing 1.5 percentage points);
• Other service sectors: 282.4 trillion soums, up 4.1% (contributing 1.1 percentage points).

Compared with January–June 2025, industry's share in the sectoral structure of GDP rose from 25.9% to 26.5%, the service sector's share decreased from 51.1% to 50.8%, and agriculture, forestry, and fisheries declined from 15.3% to 15.0%. The construction sector's share remained unchanged at 7.7%.

Agriculture

The 4.7% growth in the sector was mainly driven by forestry, which gained 6.3%, and fisheries, which surged by 35.8%.

Industry

Industrial value added reached 272.6 trillion soums, up from 223.2 trillion a year earlier. Manufacturing served as the main driver, expanding 8.8% from 183.2 trillion to 227.6 trillion soums. Mining and quarrying grew 2.1% (to 27.2 trillion soums), electricity and gas supply rose 7.9% (to 16.1 trillion soums), and water supply and waste management increased 15.9% (to 1.7 trillion soums).

Construction

Value added in construction reached 79.2 trillion soums, an increase of 13.7%. Within the sector, building and structure construction grew 8.5%, civil engineering works rose 21.5%, and specialized construction work surged 39.8%. This shifted the sector's internal breakdown: specialized work rose from 9.3% to 11.7% and civil engineering from 17.8% to 18.7%, while building construction declined from 72.9% to 69.6%.

Services Sector

Value added in services totaled 521.6 trillion soums, expanding by 9.2%. Retail and wholesale trade grew 15.0%, accommodation and food services rose 10.8%, transportation and storage gained 15.8%, information and communication jumped 23.2%, and other services increased 4.1%.

In trade, retail sales (excluding motor vehicles) accounted for the largest share at 42.7%, followed by wholesale trade at 39.3%, and vehicle trade/repair at 18.0%.

Transportation and storage accounted for 5.3% of national GDP. Road transport represented the largest share of value added within this sector at 57.9%, followed by auxiliary transport services (17.7%), rail transport (8.4%), pipeline transport (8.1%), and air transport (7.9%).

Per Capita GDP

Per capita GDP reached 27,950.1 thousand soums in January–June 2026, representing a real growth of 6.6% compared to the same period in 2025. Over a five-year horizon, per capita GDP has grown from 12,458.1 thousand soums in 2022 to its current level, with real per capita growth accelerating from 102.4% in 2022 to 106.6% in 2026.

Information and Communication Technologies

The share of ICT services in the national economy rose to 2.9%, compared with 2.8% in 2025 and 2.4% in 2024, with total volume growing to 30.3 trillion soums in absolute terms. Within ICT value added, computer programming, consulting, and related services held the largest share (53.6%), followed by communication services (28.9%), data hosting/processing and web portals (10.5%), software publishing (4.4%), and computer/communication equipment repair (2.6%).

Small Business Sector

Small business entities generated 518.7 trillion soums in value added, representing 50.5% of total economic value added. Within small business operations, services accounted for 48.0%, agriculture, forestry, and fisheries for 28.4%, industry for 11.9%, and construction for 11.7%. By sector, small business held a 95.4% share in agriculture, forestry, and fisheries; 76.9% in construction; 47.7% in services; and 22.7% in industry.

Unobserved Economy

Gross value added of the unobserved economy—comprising household and individual activities alongside the shadow sector—totaled 245.5 trillion soums. Its share of GDP declined to 22.9%, down from 26.1% in January–June 2025.

Household and individual activities accounted for 165.5 trillion soums (15.4% of GDP), while the shadow economy comprised 80.0 trillion soums (7.5% of GDP).

By sector, agriculture, forestry, and fisheries held the largest share of unobserved economic activity at 60.5%, followed by services (23.0%), construction (17.8%), and industry (6.7%).