AEIR 2018

Uzbekistan’s GDP rose by 4.9% in the first half of 2018, albeit at a slower pace compared to 7.0% in the same period in 2017. Industry—except construction—and services buoyed growth, as they expanded by 10.7% and 7.6%, respectively. Agriculture also served as support, growing by 2.7% in the same period. Despite the expansion, both the services and agriculture sectors lost some steam from their respective growths in the same period of the previous year, at 11.6% and 5.8%. These developments, coupled with the protracted economic impact of a new exchange rate regime implemented in 2017, will likely hamper growth for the next two years. Forecast for GDP growth 2018 stands at 4.9%. Growth is expected to pick up slightly in 2019, at 5.0%.

Source: Asian Development Outlook 2018 and Asian Development Outlook 2018 Update, ADB.
Latest Month-Ago Year-Ago
Exchange Rate Index 1 713.2 (Jan19)707.3 688.0
1 Monthly average, January 2006 = 100, $/local currency.
Source: .

Initiatives / FTAs