Uzbekistan's national debt is increasing year by year. This was reported by Zamin.uz.
As of October 1, 2025, the country's total debt amounted to 44 billion dollars. This figure increased by 4.9 billion dollars compared to the previous year.
The share of national debt in the gross domestic product (GDP) is 32.3 percent, with the debt per capita amounting to 1154 dollars. Of the total debt, 36.7 billion dollars is external debt, and 7.2 billion dollars is internal debt.
Forty-seven percent of the external debt is allocated to support the state budget, 16 percent to the energy sector, and the remaining part to agriculture, transport, and housing-communal sectors. Uzbekistan's main creditors are the World Bank (8 billion dollars) and the Asian Development Bank (7.5 billion dollars).
Sixty-three percent of the external debt is denominated in US dollars, 12 percent in the national currency som, and 8 percent in euros. According to experts, the need for economic growth and infrastructure projects is intensifying the attraction of external funds.
At the same time, "quasi-state" debts taken without state guarantees but falling on state-owned enterprises and banks are also increasing. In the first half of 2025, Uzbekistan's total external debt, including both state and private sector debts, was recorded at 72.2 billion dollars.
Source: Zamin.uz
