Uzbekistan’s GDP Last Year Topped 100 Billion USD For First Time In History

Uzbekistan’s GDP Last Year Topped 100 Billion USD For First Time In History

TASHKENT, Aug 3 (NNN-UzA) – Uzbekistan’s nominal GDP exceeded 100 billion U.S. dollars, for the first time in history, the Dunyo News Agency of Uzbekistan’s Ministry of Foreign Affairs, reported.

At a recent meeting in Tashkent, with the participation of the International Monetary Fund (IMF), and various ministries and agencies in Uzbekistan, the IMF assessed that, the nominal gross domestic product of Uzbekistan in 2023, increased by 125.6 trillion soms (10.7 billion U.S. dollars) and amounted to 1,192.2 trillion soms (101.6 billion U.S. dollars).

The event was organised by the Centre for Economic Research and Reforms (CERR), in cooperation with the Statistics Agency of Uzbekistan.

Obid Khakimov, Director of CERR, emphasised the importance of the statistical assessment of the informal and shadow economy, as a tool for identifying hidden reserves and developing effective public policy.

“These studies will help, not only understand the current state of the economy, but also create conditions for the legalisation and integration of informal sectors into the formal economy,” he noted.– NNN-UzA  

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