TASHKENT, Uzbekistan, February 17. Dutch
banking group ING Group has released an updated forecast for
Uzbekistan’s economic growth for 2026–2027, Trend reports.
According to ING, Uzbekistan’s GDP is projected to expand by
6.5% in the first quarter of 2026, followed by 6.3% in the second
quarter, 6% in the third, and 7% in the fourth, pointing to
stronger momentum toward the end of the year.
For 2027, growth is expected to moderate slightly, with GDP
forecast at 6% in the first quarter, 5% in the second, and 5.5% in
both the third and fourth quarters.
Meanwhile, the Central Bank of Uzbekistan previously projected
overall economic growth of around 6.5-7% by the end of 2026. The
regulator noted that economic activity in 2025 exceeded
expectations, supported primarily by resilient aggregate
demand.
High investment activity, continued fiscal spending, and rising
remittance inflows are expected to sustain income growth and
further stimulate consumer demand, the bank said.
In addition, the Centre for Economics and Business Research
(CEBR) forecasts Uzbekistan’s economy will grow at an average
annual rate of 5.8% between 2026 and 2030, pointing to stable
medium-term expansion.
