IMF Raises Uzbekistan's 2026 GDP Growth Forecast to 7.8%

The International Monetary Fund has improved its forecast for Uzbekistan's economic growth in 2026 from 6.8% to 7.8%. This is stated in the October report of the World Economic Outlook.

The fund also raised its estimate of Uzbekistan's GDP growth in 2027 - from 6% to 6.5%. According to the results of 2025, the country's real GDP increased by 7.7%.

According to the IMF's calculations, the average annual inflation in Uzbekistan will be 6.9% in 2026 and 5.7% in 2027. Unemployment, according to the forecast, will decrease from 4.8% at the end of 2025 to 4.3% in 2026 and 3.8% in 2027.

At the same time, the fund revised its expectations for the deficit of the current operations account of the payment balance: the indicator is forecasted at 5.1% of GDP in 2026 and 4.6% of GDP in 2027 (previously expected at 3.2% and 3.6%, respectively). In 2025, the deficit was 3.9% of GDP.