Uzbekistan’s trade, accommodation, and food service industries maintained robust growth in the first quarter of 2025, with Gross Value Added (GVA) in these sectors reaching 39.1 trillion soums (approximately $3.8 billion), according to data from the National Statistical Committee.
This marks an 8.8% year-on-year increase in real terms, reflecting a steady expansion of the country’s services sector, which has become a vital engine of Uzbekistan’s broader economic development strategy.
The current growth builds on a multi-year upward trend:
Though annual growth rates have fluctuated slightly, the overall trajectory remains positive. After peaking at 107.2% in 2023, growth slowed modestly to 104.6% in 2024 before rebounding to 108.8% in the first quarter of 2025.
Economic Significance
The trade and hospitality sectors are increasingly integral to Uzbekistan’s economic diversification goals, especially as the country moves away from a traditional reliance on extractive industries. The expansion of these industries is also creating jobs, stimulating domestic consumption, and attracting private investment.
The government has prioritized improvements in business regulation, infrastructure, and digitalization to support continued development in services. Analysts suggest that if the current pace continues, Uzbekistan is well-positioned to expand its role as a regional hub for commerce and tourism in Central Asia.
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Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of November, covering the latest developments you need to know.
The Philippines' weather bureau warned of life-threatening storm surges of up to five metres and destructive winds as Typhoon Fung-wong churns toward the country's eastern coast, where it is forecast to intensify into a super typhoon before making landfall on Sunday night.
The Trump administration is seeking to make sharing data about pathogens a condition for countries receiving U.S. health aid, according to a draft document obtained by Reuters.
Palestinian militant group Islamic Jihad handed over the body of a deceased hostage on Friday as part of the Gaza ceasefire between Israel and Hamas.
Kendrick Lamar and Lady Gaga lead the 2026 Grammy nominations, while K-Pop enters the Song of the Year category for the first time in the award’s history.
Israel launched airstrikes on southern Lebanon after ordering evacuations, accusing Hezbollah of rebuilding its forces despite a year-old ceasefire, as Lebanon and the United Nations warned of renewed border tensions.
U.S. Senate Republicans have blocked a resolution that would have barred President Donald Trump from launching military action against Venezuela without congressional approval, despite growing concern over recent U.S. strikes in the southern Caribbean.
Tesla CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the electric vehicle (EV) maker into an artificial intelligence (AI) and robotics juggernaut.
Uzbekistan and the United States have signed strategic agreements worth more than hundred billion dollars, with agreements including relaxed visa rules for citizens of both countries.
Azerbaijan marks its fifth Victory Day on 8 November, celebrating the liberation of occupied territories and the restoration of sovereignty, a milestone that reshaped the South Caucasus and ushered in a new era of reconstruction and regional stability.
Uzbekistan and the United States have signed strategic agreements worth more than hundred billion dollars, with agreements including relaxed visa rules for citizens of both countries.
Some of Yemen’s most vital roads have reopened as the country’s long-stalled peace process shows renewed signs of progress, supported by a ceasefire in the Gaza Strip and an overall cooling in the regional climate.
Shehbaz Sharif, the Pakistani Prime Minister arrived at the Heydar Aliyev international airport on Friday 7th November to a guard of honour prepared specially to recognise him.
A new phase of U.S.–Central Asia cooperation emerged at the White House, with discussions centred on mineral resources, trade, and long-term regional development.
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