Uzbekistan Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Uzbekistan's domestic credit was 31.62% in 2025, ranked 44th globally. This represents a 33.0% increase from 2024. Data from World Bank, covering 2019–2025.
Overview
Uzbekistan's domestic credit stood at 31.62% in 2025, a rise of +7.84% from 2023. Based on recent trends, this figure is projected to reach 31.62% by 2025. Uzbekistan ranked 44th globally.
Uzbekistan’s domestic credit to the private sector rose sharply from 6.62 percent of GDP in 2019 to 31.62 percent in 2025, marking both the all‑time trough and the all‑time peak within a six‑year span and placing the country 44th globally in the latest year. The acceleration reflects a broader policy shift toward financial deepening, with credit growth outpacing many regional peers; for example, Moldova recorded 30.51 percent and Papua New Guinea 33.08 percent in the same period. The surge coincided with reforms that liberalised bank lending standards and expanded micro‑finance networks, contributing to a more diversified financing landscape. While the rapid expansion has bolstered investment capacity, it also raises concerns about credit risk and the sustainability of loan‑to‑value ratios. Continued improvement in regulatory oversight and the development of alternative financing channels could moderate the pace of growth, steering Uzbekistan toward a more balanced credit trajectory in the coming years.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 35.82% | - | - |
| 2025* trend | 31.62% | - | - |
| 2025 | 31.62% | +7.84% | #44 |
| 2023 | 23.78% | +5.55% | #4 |
| 2022 | 18.23% | +3.35% | #4 |
| 2021 | 14.88% | +4.36% | #2 |
| 2020 | 10.52% | +3.90% | #1 |
| 2019 | 6.62% | – | #1 |
Detected Pattern
Analysis
Uzbekistan matched the Orthodox Tightening Cycle pattern in 2018. Historically, 57% of countries showing this pattern (177 out of 311) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Uzbekistan's domestic credit was 31.62% in 2025. Ranked 44th globally. This represents a 33.0% increase from the previous year.
Uzbekistan's domestic credit peaked at 31.62% in 2025.
The lowest domestic credit in Uzbekistan was 6.62% in 2019.
Uzbekistan ranks 44th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Uzbekistan's domestic credit is projected to reach 31.62% by 2025 based on trend extrapolation.
The domestic credit of Uzbekistan in 2025 was 31.62%. This ranks 44th in the world.
Cite this page
@misc{historysaid_uzbekistan_domestic-credit,
title = {Uzbekistan Domestic Credit},
url = {https://historysaid.com/uzbekistan/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}