Current Economic Figures for Uzbekistan

Uzbekistan's economy grows by 8.3% from January to September 2026. Uzbek commercial banks massively increase their net profits from January to September, by 40%

Uzbekistan's economy grows by 8.3% in the first three quarters of 2026

According to preliminary data from the National Statistics Committee, Uzbekistan's gross domestic product (GDP) rose by 8.3% in the first nine months of 2026 compared with the same period of the previous year, reaching 1,755.5 trillion UZS.

Growth was driven in particular by the following sectors:

Services: +8.9%

Industry: +8.1%

Construction: +12.5%

Agriculture: +4.6%

Investment in fixed assets rose by 20.1% to 584.2 trillion UZS, while construction output increased by 12.3% to 339.3 trillion UZS.

Market services grew by 16.7% to 1,003.2 trillion UZS. Retail turnover increased by 19.7% to 432.2 trillion UZS.

Foreign trade turnover reached USD 65.4 billion, an increase of 6.3%. Exports fell by 5.5% to USD 25.8 billion, while imports rose by 15.7% to USD 39.6 billion.

Consumer prices increased by 4.2% during the reporting period. As of 1 October 2026, the number of active enterprises and organisations stood at more than 621,000.

Uzbek commercial banks increase net profit by 40.3% to 15.3 trillion UZS

As of 1 October 2026, Uzbekistan's commercial banks achieved a cumulative net profit of 15.26 trillion UZS. This represents an increase of 40.3% compared with the previous year, the Central Bank reported.

The main driver of growth was interest income, which rose by 44.3% to 76.2 trillion UZS. Interest earnings increased by 18.5% to 110.4 trillion UZS.

Despite higher operating costs and increased provisions for loan losses, the banking sector's return on equity (ROE) rose from 11.8% to 14.1%. The return on assets (ROA) increased from 2.1% to 2.37%.

The country's twelve largest banks generated 67.5% of the entire sector's profit, together achieving a profit of 10.3 trillion UZS. Smaller banks with assets of less than 3 trillion UZS together achieved a profit of 38.8 billion UZS.