This study examines the economic development of Uzbekistan during the period 2020–2025, focusing on macroeconomic performance, structural transformation, and medium-term growth prospects. The research analyzes key indicators, including GDP growth, inflation dynamics, fiscal and monetary policy measures, foreign trade turnover, and foreign direct investment inflows. Using official statistical data and international financial institution reports, the paper evaluates the resilience of Uzbekistan’s economy amid global economic volatility, post-pandemic recovery challenges, and geopolitical uncertainties. The findings indicate that consistent structural reforms—particularly in market liberalization, export diversification, industrial modernization, and private sector development—have significantly enhanced macroeconomic stability. Increased investment activity, expansion of non-commodity exports, and gradual financial sector reforms have contributed to sustained economic growth and improved external balance indicators. At the same time, inflationary pressures and external risks remain critical challenges requiring prudent macroeconomic management. The study concludes that Uzbekistan’s ongoing reform agenda provides a solid foundation for long-term sustainable growth, provided that structural transformation, institutional strengthening, and investment climate improvements continue. Policy recommendations emphasize diversification, productivity growth, and deeper integration into global value chains.

Uzbekistan economy, macroeconomic stability, GDP growth

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