Uzbekistan’s National Statistics Committee has revised annual and quarterly gross domestic product figures for 2017–2025, presenting the updated data at a press conference on 13 November. The committee said 2025 nominal GDP is now estimated at 2,126.8 trillion soum, or $169 billion, compared with the previous estimate of 1,849.7 trillion soum, or $147 billion. The revision adds 277.1 trillion soum, or $22 billion, equal to 15%, and reflects population and agricultural census results, updated enterprise reports, international standards and recommendations from IMF experts.
Key Takeaways: 2025 nominal GDP was revised to 2,126.8 trillion soum ($169 billion) from 1,849.7 trillion soum ($147 billion). Real GDP growth was adjusted from 7.7% to 7.8%, while nominal GDP per capita rose from 48.8 million soum to 55 million soum, or from $3,881 to $4,373. The average annual population estimate was revised from 37.9 million to 38.7 million people.
The revision covers not only 2025 but also the previous eight years. For 2017, nominal GDP was raised from 369.6 trillion to 427.6 trillion soum, or by 15.7%, the largest relative change among all revised years. In 2024, the indicator rose from 1,535.4 trillion to 1,754.7 trillion soum (+14.3%), while changes in other years ranged from 13.6% to 14.5%. Real growth rates changed less sharply: 2018 moved from 5.7% to 5.5%, 2019 from 6.8% to 7.0%, 2020 from 1.6% to 1.8%, 2021 from 8.2% to 8.4%, 2022 from 6.1% to 6.4%, 2023 from 6.3% to 6.4%, 2024 remained at 6.7%, and 2025 was revised from 7.7% to 7.8%. The largest real-growth adjustment was recorded in 2022, at plus 0.3 percentage points.
Deputy Chairman of the National Statistics Committee Zohidjon Ziyayev stressed that the increase in nominal GDP should not be treated as additional economic growth. 'The most important point is that this does not mean new growth has appeared in the economy. Changes were introduced as a result of clarified calculations. This should be seen as the result of fuller and more accurate accounting of economic activity,' he explained. Umarjon Obidov, head of the committee’s National Accounts Department, said the agency sought to preserve comparability across different years and used international methodological recommendations that allow separate assessment of changes in output volumes and price effects. The committee also listed three main factors behind the recalculation, with the largest share separately noted during the presentation.
The updated figures will serve as an important basis for subsequent statistical calculations, macroeconomic analysis, budget planning, investment decisions and the evaluation of social programmes. At the same time, officials urge against interpreting the change in nominal volume as new economic growth. Further details are expected to be published on the methodology of the revision, sector-level data and updated quarterly indicators, which should allow a more precise assessment of the size of the economy and the dynamics of real growth.
Source: www.gazeta.uz