Uzbekistan's economy continues its steady growth in 2024. According to the State Statistics Committee, the gross domestic product has increased by 6.5% since the beginning of the year. This figure aligns with the government's forecasts.

Key economic sectors – industry, construction, and services – are showing positive dynamics. Industrial production grew by 7.2%, while construction rose by 8.1%. The textile and food industries are particularly demonstrating high growth rates.

Investment activity is also on the rise. In the first half of 2024, fixed capital investments increased by 12.3% to 45 trillion soums. The share of foreign investments stands at 35%, indicating expanding international cooperation.

Export volume grew by 10.5% to $8.2 billion. Main export products include cotton fiber, chemicals, and machinery. Imports increased by 12.1% to $9.8 billion, reflecting a broadening foreign trade turnover.

Despite economic growth, inflationary pressure persists. In June, annual inflation reached 9.8%, above the central bank's target of 5-7%. Food prices rose by 12.3%.

According to experts, despite steady economic growth, deepening structural reforms and curbing inflation remain key tasks. The government plans to reduce inflation to 7% by 2025.

Source: uznews.uz