Uzbekistan's economy maintained steady growth rates in 2024. According to the State Statistics Committee, gross domestic product increased by 5.5% in the first half of the year. This figure aligns with government forecasts.

Key growth drivers include a 6.2% rise in industrial output, a 7.1% increase in construction, and a 5.8% expansion in the services sector. Agricultural production grew by 4.3%.

Investment activity also showed positive dynamics. Fixed capital investment rose by 8.2% to 120 trillion soums, with foreign investments accounting for 35% of the total.

Exports reached $12.5 billion, up 7.8% year-on-year, while imports totaled $15.3 billion, a 9.2% increase. The resulting trade deficit stood at $2.8 billion.

Ministry of Economy experts forecast GDP growth of 5.8-6.0% by year-end, with inflation expected to remain around 9-10%.

Source: uznews.uz