According to the Ministry of Investment, Industry and Trade of Uzbekistan, the country’s external debt as of October 1, 2025 totaled $75.4 billion. This includes $37.4 billion of government external debt and $38 billion of borrowings by private and state-owned enterprises without a government guarantee (corporate debt).
According to international classifications, Uzbekistan’s government debt level is regarded as moderate and manageable. The government’s external debt of $37.4 billion amounts to roughly 26% of the country’s GDP of $145 billion, well below the threshold levels that are generally seen as potentially risky for macroeconomic stability worldwide.
Uzbekistan is consistently working to attract investments to accelerate its economic development and boost GDP growth. As a result of the comprehensive measures implemented during 2017-2025, over 2 million jobs were created, exports increased by 270%, and GDP per capita grew by 418%.
Uzbekistan’s approach to foreign investment is clear: the country needs resources for growth, while ensuring full oversight, transparency, and measurable results for the population.
