juris.hq
Market guidesUpdated 09.09.2026

Is Uzbekistan growing faster than Kazakhstan?

Short answer

Yes — 7.7% against 6.5% in 2025, and by a wider margin over a decade.

Uzbekistan7.7% in 2025 6.2% averaged since 2015 (World Bank, 2025 ↗)
Kazakhstan6.5% in 2025 3.3% averaged since 2015 (World Bank, 2025 ↗)
Georgia7.5% in 2025 the region’s other common alternative for a foreign-owned holding company (World Bank, 2025 ↗)
Türkiye3.6% in 2025 the largest nearby market, growing at half the rate (World Bank, 2025 ↗)
What the figures show

Growth is one input and not the deciding one. Kazakhstan is a considerably richer country per head and its banking system is deeper; Georgia is far smaller and far easier to bank in as a foreigner. What Uzbekistan has that neither has is 37.05 million people, 31.3% of them under fifteen, growing at 1.9% a year — the largest population in Central Asia and the youngest of the comparators. (World Bank, 2025 ↗)

Against the wider field: the world grew 2.9% in 2025 and lower-middle-income countries as a group 6.0%. (World Bank, 2025 ↗)

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Part of the answer bank 195 questions, each cited to the article it rests on.