Uzbekistan’s Services Sector Grows 14.4% in January–October 2025

Tashkent, Uzbekistan (UzDaily.com) — Uzbekistan’s market services sector expanded 14.4% in the first 10 months of 2025, reaching 818.5 trillion soums, according to preliminary data from the National Statistics Committee that includes informal and shadow economy activity.

The capital, Tashkent, accounted for the largest share at 38.1% (312.2 trillion soums), up 16.6% year-on-year. Among regions, Samarkand (60.3 trillion soums, 7.4%), Ferghana (55.5 trillion soums, 6.8%), and Tashkent Region (55.3 trillion soums, 6.7%) were the most active, while Syrdarya Region recorded the smallest volume at 11.3 trillion soums (1.4%).

Per capita, market services amounted to 21,649.5 thousand soums, a 12.2% increase compared with January–October 2024. In Tashkent, the figure reached 99,483.1 thousand soums, up 14%. High per capita levels were also seen in Navoi (18,291.8 thousand soums), Tashkent Region (17,671.7 thousand soums), and Bukhara (15,949.5 thousand soums), while Surkhandarya recorded the lowest at 9,255.4 thousand soums. Growth rates exceeded 10% in nearly all regions, with the highest in Tashkent (114%), Andijan (113.5%), Tashkent Region (112.7%), and Jizzakh (112.5%).

Small businesses played a major role, contributing 452.3 trillion soums, or 55.3% of total services, up 12.5% from the same period last year. The largest shares of small enterprises were in Namangan (74.6%), Ferghana (74.5%), Kashkadarya (73.8%), Surkhandarya (73.7%), and the Republic of Karakalpakstan (73.0%). In Tashkent, despite a smaller share of 39.7%, small businesses provided the largest volume in the country at 123.9 trillion soums.

Key sectors driving overall growth included financial services (+24.5%, contributing 4.1 percentage points), transport (+13.4%, 2.5 points), trade (+13%, 2.4 points), accommodation and food services (+8.8%, 1.8 points), ICT (+19.6%, 1.3 points), healthcare (+15.4%, 0.3 points), real estate (+11.4%, 0.3 points), and education (+6.8%, 0.3 points), along with rental services (+19.4%), architectural services (+14.6%), computer and household appliance repairs (+12.4%), and personal services (+11.6%), adding about 0.8 points in total.

In terms of structure, the largest shares of services were accommodation and food (20.4%), transport (18.4%), trade (17.3%), financial services (17%), ICT (7.5%), and education (3.7%).

Accommodation and food services reached 167.3 trillion soums, with 95.5% related to food and beverage provision. Transport services totaled 150.8 trillion soums, dominated by automotive transport at 50.3%. Trade services amounted to 141.2 trillion soums, with retail accounting for 52.5%, wholesale 31.9%, and vehicle trade and repair 15.6%.

Financial services rose 24.5% to 139.0 trillion soums, with 88% in core financial activities, 7.2% in insurance, and 4.8% in auxiliary services. ICT services reached 61.5 trillion soums, with 40.6% in programming, indicating the emergence of a new IT cluster with high export potential.

Education services totaled 30.4 trillion soums, 46.6% of which were provided by higher education institutions. Real estate services reached 21.0 trillion soums, mostly from rental and property management (95.8%). Healthcare services were valued at 16.5 trillion soums, with 53% in miscellaneous services, 31.2% in hospital services, and 15.8% in medical and dental practice. Rental services reached 10.4 trillion soums, primarily in passenger vehicle leasing (49.2%).

The data reflect broad-based growth across Uzbekistan’s services sector, led by small enterprises and key industries such as finance, trade, transport, and accommodation.