🇺🇿 Uzbekistan
Public Sector Debt · 2026
Total Debt
47.1%
of GDP
Global Rank
#128
of 192
S&P Rating
BB-
Credit rating
SOE Debt
+16.1%
3 categories
Where the Debt Sits
Central Government
Energy SOEs
Public Corps
Central Government: 31.0%Energy SOEs: 7.0%Infrastructure: 2.0%Public Corps: 7.1%
Full Debt Breakdown
Central Government31.0% of GDP
Central GovernmentIMF WEO — General Government Debt
31.0%Energy SOEs7.0% of GDP
UzbekneftegazIMF Article IV 2024 DSANational oil/gas; part of 16.1% NFPC debt
4.0%Uzbekenergo & Thermal PowerIMF Article IV 2024 DSAState power utility; ADB/World Bank financed
3.0%Infrastructure SOEs2.0% of GDP
Uzbekistan Airways & Navoi MiningIMF Article IV 2024 DSANational airline and mining
2.0%Public Corporations7.1% of GDP
UzAuto Motors & other NFPCsIMF Article IV 2024 DSAResidual from 16.1% total NFPC
7.1%Total Corporate Debt23.2% of GDP
NF corporate debt (est.)WB WDI 2020
23.2%Household Debt12.5% of GDP
Household debt (est.)WB WDI 2020
12.5%State Bank Liabilities9.5% of GDP
National Bank of Uzbekistan & state banksIMF Article IV 2024 DSAGovt controls ~65% of banking; 9.5% GDP non-guaranteed bank debt
9.5%All Layers Total92.3%
Credit Ratings
S&P
BB-
Moody's
Ba3
Fitch
BB-
Data Sources
IMF WEO — General Government Debtgeneral_government · Updated semi_annual
Dec 202631.0% GDP
Ranking Neighbors
Compare Uzbekistan with other countries
Enter the Arena