According to data from Uzbekistan's State Statistics Committee, the country's gross domestic product (GDP) grew by 6.2% in 2024, surpassing the 5.8% rate recorded in 2023 and reflecting steady economic development. This growth was primarily driven by expanded activity in industry, construction, and services, showcasing the effectiveness of the government's diversification and modernization policies.

Despite the economic growth, Uzbekistan faces challenges due to global issues, including fluctuations in international commodity prices, disruptions in supply chains, and regional political instability. The head of the statistics committee stated in a release: "While we record positive results, external factors pose a constant risk to economic stability," indicating caution regarding future growth rates.

Experts emphasize that to strengthen economic growth, Uzbekistan needs to implement measures such as improving infrastructure, attracting foreign investment, and fostering innovation. The government's recent initiatives, such as green energy projects and digitalization programs, aim to diversify the economy, but their long-term impact remains unclear, and these policies are being tested amid rising risks of a global economic downturn.

Source: uznews.uz