Uzbekistan’s total external debt as of January 1, 2026, amounted to $82.2 billion. For the first time, private sector borrowings ($41.7 billion) exceeded public debt ($40.5 billion). Over 92% of private loans are long-term and do not have government guarantees, Tashkent Today reported with reference to official data.
Key indicators:
• Debt to GDP ratio decreased to 27.5%, confirming macroeconomic stability.
• Public debt per capita: approximately $1,225.
• The country’s net assets exceed debt by $19.1 billion, creating a safety cushion.
Major creditors: the World Bank ($8.9 billion) and ADB ($8.4 billion). By country, the largest creditors are China ($3.9 billion) and Japan ($2.9 billion).
