World Bank reports significant increase in the share of the middle class in Uzbekistan
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World Bank reports significant increase in the share of the middle class in Uzbekistan

The World Bank has presented data indicating a substantial increase in the proportion of the population belonging to the middle class in Uzbekistan during the period from 2021 to 2025. This share rose from 37% to over 72%.

Specifically, in the country's capital, Tashkent, the share of residents falling into the upper-middle class category reached 71.5%. The World Bank's analysis showed that over this period, the share of the upper-middle class in the republic increased from 8% to 31%, while the share of the lower-middle class grew from 29% to 41%.

Experts note that the growth rates in the capital were noticeably higher than in other regions of Uzbekistan. One of the key factors contributing to the expansion of the middle class is recognized as the growth in wages in the private sector.

Furthermore, Tashkent concentrates 29% of all official jobs in the country's private sector that require a high level of qualification.

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Foreign currency purchase volume in Uzbekistan grew by 17.3% in the first eight months
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podrobno.uz

Foreign currency purchase volume in Uzbekistan grew by 17.3% in the first eight months

According to data from the Central Bank of Uzbekistan, the volume of foreign currency acquisition in the country for the period from January to August increased by 17.3%, reaching $44.3 billion.

The majority of these purchases were made by business entities, accounting for $34.7 billion. Citizens of Uzbekistan acquired currencies totaling $9.6 billion during the specified eight months.

Simultaneously, there was an increase in currency supply from the population, which grew by 25.5% to reach $38.2 billion. In this context, the population transferred about $16.6 billion to banks, and companies contributed another $21.6 billion.

During January–August, the dollar exchange rate fluctuated between 11,779 and 12,320 soms, showing an overall increase of 1.5% by the end of this period.

It was previously announced that the Central Bank adjusted the methodology for determining the official currency exchange rate in Uzbekistan. Starting September 15, operations on both the currency exchange and the interbank market will be taken into account when calculating the rate.

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