Official data reveals that Uzbekistan's economy grew by 6.5% in 2024, surpassing the previous year's figure by 0.3 percentage points. This growth is attributed to the government's ongoing economic reforms.

Key sectors including industry, agriculture, and services showed steady expansion. Industrial output rose by 7.2%, while agricultural production increased by 4.8%.

Investment activity surged, with fixed capital investments growing by 10.1%, reflecting heightened confidence from foreign investors in the country's economic prospects.

Exports climbed 15.3% to exceed $20 billion, while imports grew by 12.8%, bringing total foreign trade turnover to $38 billion.

Despite the robust growth, inflation stood at 9.8%, above the central bank's target. Analysts attribute this to global price pressures and strong domestic demand.

Source: uznews.uz