Currency
Currency
By Delta Y
Data sources: Macroeconomic and demographic indicators are sourced from the National Statistics Committee of the Republic of Uzbekistan. UZS exchange rates are sourced from the Central Bank of Uzbekistan.
Currency: Pre-2017 USD values are reported at the prevailing official exchange rate, which was overvalued relative to the parallel-market rate.
Methodology: Year-over-year deltas for ratios are reported in percentage points (p.p.). Deltas for monetary aggregates are reported as percentage change at current prices and are not adjusted for inflation. Period averages are simple arithmetic means over the trailing period, inclusive of the selected year.
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Macroeconomic data is inherently subject to revision, methodological change, and reporting lag. Aggregates may be restated by the upstream issuer (NSC, CBU) months after initial publication. Users should consult the original sources before relying on the figures presented here for policy or investment decisions.
The data and analyses presented in this report are based on information believed to be reliable, but their accuracy, completeness, and timeliness are not guaranteed. All decisions should be made with the help of a qualified professional and based on your own research.
In 2024, nominal GDP reached $121.36B (+12.94% YoY at current prices). Inflation increased to 9.80% (+1.00 p.p.). Goods and services exports amounted to $26.17B (+4.47% YoY).
The headline aggregates and their year-over-year change are summarized in Table 1.
2023 | 2024 (Δ) | |
|---|---|---|
Nominal GDP | $107.46B | $121.36B (+12.94%) |
In terms of enterprise turnover, Tashkent City led the country with $40.77B revenue (−15.63% YoY), accounting for 50.92% of the national total.
The top five administrative divisions by enterprise turnover are compared with the prior year in Figure 1.
The national unemployment rate was 5.50% in 2024 (−1.30 p.p. versus 2023), below the trailing five-year mean of 8.26%. The female rate was +3.30 p.p. relative to the male rate.
The national unemployment rate, with the male and female sub-series broken out, is exposed in Table 2.
2023 | 2024 (Δ) | |
|---|---|---|
National | 6.80% | 5.50% (−1.30 p.p.) |
Inflation1 | 8.80% | 9.80% (+1.00 p.p.) |
Nominal Exports | $25.05B | $26.17B (+4.47%) |
1 Annual change in the Consumer Price Index, measured December-to-December.
Men | 4.30% | 4.10% (−0.20 p.p.) |
Women | 10.20% | 7.40% (−2.80 p.p.) |
The UZS/USD rate was 12,920.48 on December 27, 2024 (+4.71% versus the prior year-end)
Year-end UZS exchange rates for the three main reference currencies, alongside the trailing 12-month average, are summarized in Table 3.
| 2023 | 2024 | |||
|---|---|---|---|---|
| Close (29th Dec) | Trailing 12M Avg. | Close (27th Dec) | Trailing 12M Avg. | |
| UZS / USD | 12,338.77 | 11,739.82 | 12,920.48 | 12,650.29 |
| UZS / EUR | 13,731.82 | 12,694.75 | 13,436.01 | 13,691.70 |
| UZS / RUB | 136.36 | 139.01 | 130.17 | 136.95 |