Uzbekistan continues to strengthen its position as one of the region's fastest-growing economies.
According to official data, the economy grew by 8.5% in the first half of 2026, driven by industry, construction, services and significant growth in investment.
Key indicators
- 8.5% economic growth (GDP)
- $28 billion in investment
- $14.4 billion in exports
- Strong growth in the production, infrastructure and services sectors
- Sovereign credit ratings upgraded by one notch by both Fitch and Moody's
Why the ratings upgrade matters most
Growth figures describe what happened. A ratings upgrade describes how the market is being assessed going forward — and it comes from institutions with no incentive to flatter.
Two agencies moving in the same direction in the same period is a stronger signal than either would be alone. It reduces the cost of sovereign borrowing, and it changes the risk calculation for international investors who use ratings as a screening filter before they look at a market in detail.
What this means for Georgian business
For Georgian companies, these indicators point toward opportunities across trade, investment, logistics, infrastructure, technology, production and professional services.
Rapid economic growth creates demand in a fairly predictable sequence: infrastructure and construction first, then logistics and distribution, then the professional and financial services that support them. Georgian companies with capability in any of those layers are looking at a market where demand is growing faster than local supply can meet it.
FROM ECONOMIC GROWTH TO BUSINESS OPPORTUNITY.
Source: Administration of the President of the Republic of Uzbekistan.