Published
04/02/2026, 18:05Tax revenues continue to grow in Central Asian countries, though the trends vary significantly: some economies are accelerating, while others are entering a stabilization phase.
According to data from the Schneider Group, growth in Kyrgyzstan has virtually stalled following a sharp surge in 2023. While tax revenues amounted to $1.8 billion in 2022, they nearly doubled by 2023, reaching $3.4 billion. In 2024, the figure reached $3.6 billion, but in 2025 it declined slightly to $3.5 billion, indicating that growth has plateaued.
The lower volume of tax revenues in Kyrgyzstan compared to its neighbors is largely explained by a lighter tax burden and the structure of the economy.
Uzbekistan demonstrates the highest growth rates. Over three years, revenues nearly quadrupled—from $5.2 billion in 2022 to $20.2 billion in 2025. This is one of the fastest rates of tax base expansion in the region.
Kazakhstan maintains its leadership in terms of absolute tax revenue. In 2022, revenues amounted to $20.6 billion, and in 2023, to $26.6 billion. Despite a slight decline to $25.3 billion in 2024, the figure reached $29.9 billion as early as 2025, setting a new record.
Thus, the region as a whole demonstrates growth in tax revenues, but the structure and drivers vary: Kyrgyzstan—stabilization following reforms; Uzbekistan—active expansion of the tax base; Kazakhstan—sustained growth against the backdrop of a large-scale economy.
