Uzbekistan External Debt
Total external debt stocks DT.DOD.DECT.CD
Uzbekistan's external debt was $78.4B in 2025, ranked 21st globally. This represents a 11.5% increase from 2024. Data from World Bank, covering 1992–2025.
Overview
Uzbekistan's external debt stood at $78.4B in 2025, a rise of +$8.1B from 2024. Based on recent trends, this figure is projected to reach $78.4B by 2025. Uzbekistan ranked 21st globally.
Uzbekistan’s external debt has risen sharply over the 34‑year series, expanding from a modest $59,702,042.90 in 1992 to an all‑time peak of $78,359,760,817.60 in 2025, placing the country 21st globally. The acceleration accelerated after the mid‑2000s, reflecting increased reliance on foreign financing to support infrastructure projects and export‑oriented reforms, while the debt‑to‑GDP ratio has remained relatively contained compared with peers such as Morocco ($69,232,956,363.28) and Mozambique ($72,479,822,072.82). Although the absolute stock is lower than Nigeria’s $114,193,355,227.06, the rapid climb underscores a structural shift from the low‑debt environment of the early 1990s. Continued fiscal consolidation, diversification of export markets, and prudent borrowing conditions could temper the upward trajectory, but any resurgence in external financing needs or commodity price volatility may sustain the current growth path.
Data & projection
| Year | External Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $94.9B | - | - |
| 2026* trend | $86.6B | - | - |
| 2025* trend | $78.4B | - | - |
| 2025 | $78.4B | +$8.1B | #21 |
| 2024 | $70.3B | +$8.7B | #98 |
| 2023 | $61.6B | +$8.0B | #95 |
| 2022 | $53.6B | +$8.7B | #94 |
| 2021 | $44.9B | +$7.7B | #92 |
| 2020 | $37.2B | +$12.2B | #86 |
| 2019 | $25.0B | +$6.7B | #83 |
| 2018 | $18.3B | +$1.6B | #79 |
| 2017 | $16.7B | +$1.4B | #77 |
| 2016 | $15.3B | +$1.8B | #76 |
| 2015 | $13.6B | +$1.4B | #76 |
| 2014 | $12.2B | +$1.9B | #73 |
| 2013 | $10.3B | +$1.8B | #72 |
| 2012 | $8.6B | +$335.7M | #68 |
| 2011 | $8.2B | +$228.5M | #69 |
Detected Pattern
Analysis
Uzbekistan matched the Orthodox Tightening Cycle pattern in 2018. Historically, 57% of countries showing this pattern (177 out of 311) saw external debt improve within 24 months. View full analysis →
Frequently Asked Questions
Uzbekistan's external debt was $78.4B in 2025. Ranked 21st globally. This represents a 11.5% increase from the previous year.
Uzbekistan's external debt peaked at $78.4B in 2025.
The lowest external debt in Uzbekistan was $59.7M in 1992.
Uzbekistan ranks 21st globally in external debt as of 2025.
The World Bank indicator code is DT.DOD.DECT.CD. Data sourced from World Bank.
Uzbekistan's external debt is projected to reach $78.4B by 2025 based on trend extrapolation.
Uzbekistan's external debt was approximately 78.36 billion ($78.4B) in 2025.
The external debt of Uzbekistan in 2025 was $78.4B. This ranks 21st in the world.
Cite this page
@misc{historysaid_uzbekistan_external-debt,
title = {Uzbekistan External Debt},
url = {https://historysaid.com/uzbekistan/external-debt/},
publisher = {HistorySaid},
year = {2026}
}