Uzbekistan's economy demonstrated steady growth in 2024. Gross domestic product (GDP) increased by 6.5%, reaching $120 billion. This figure is 0.5% higher than the government's forecast.

Key sectors – industry, agriculture, and services – grew by 7.2%, 4.8%, and 8.1%, respectively. Investment volume reached $25 billion, with a focus on energy and infrastructure projects.

Foreign trade turnover amounted to $45 billion, with exports at $18 billion and imports at $27 billion. Main trading partners were China, Russia, and Kazakhstan.

Despite economic successes, inflation stood at 9.8%, negatively affecting purchasing power. The central bank plans to reduce inflation to 8% in 2025.

According to experts, the main growth drivers were external investments and export diversification. However, low domestic demand and currency market volatility remain risk factors.

Source: uznews.uz