On December 26, President Shavkat Mirziyoyev addressed the Uzbek parliament and the people of Uzbekistan.
According to the President, significant achievements have been made in all spheres in 2025.
For the first time in the country’s history, gross domestic product exceeded $145 billion, exports increased by 23 percent, reaching $33.4 billion, and the gold reserves exceeded $60 billion.
The volume of foreign investment attracted into the economy reached $43.1 billion. Leading international rating agencies raised the country’s sovereign rating from BB– to BB.
Due to fundamental changes in the energy sector, the electricity production was raised to 85 billion kilowatt-hours.
This year, clean drinking water reached the homes of 715,000 residents in 188 mahallas for the first time, and water supply was improved for another 2.3 million people.
This year, 5 million people have started to receive sustainable income, and the unemployment rate has decreased from 5.5% to 4.9%.
The poverty rate in the country has decreased from 8.9% at the beginning of the year to 5.8%.
“When we started this work, one-third of our population lived below the poverty line. Thanks to the implementation of a completely new social protection system, providing over 100 types of services such as loans, subsidies, and compensations, more than 8.5 million people have risen out of poverty, and unemployment has been reduced by half,” Mirziyoyev said.
“We are entering a decisive stage in building the New Uzbekistan. Our goal is clear: in the coming years, to join the ranks of upper-middle-income countries.”
According to the President, the upcoming 2026 will be a year of fundamental transformations in the development of public administration, the judicial and legal system, economic sectors, education, science, healthcare, culture, sports, and ecology.
A key priority for 2026 is to transition the economy to a technological and innovative development model.
The President said that from now on, every dollar of investment must primarily serve to transferring advanced technologies, producing high value-added products with specific foreign markets, increasing the efficiency of energy, water, land, and other natural resources, training local specialists to work with new technologies and boosting labor productivity.
An industrial development program aimed at transitioning to a new technological level and expanding the value-added chain will be launched. In 2026, 782 new industrial and infrastructure projects will be launched with a total value of $52 billion. Next year alone, 228 new large-scale production facilities will be launched, amounting to $14 billion.
Economic growth is projected at 6.6%, with GDP reaching $167 billion.
The President also set an ambitious goal to double the number of foreign tourists and increase the volume of tourism services to $20 billion over the next five years.
Photo: president.uz
