BAKU, Azerbaijan, Jan.25
By Natavan Rzayeva - Trend:
The GDP of Uzbekistan grew by 7.4 percent in 2021, which is an increase of 3.8 times compared to 2020 (1.9 percent), Trend reports via the Bluestone Investment Bank.
The sectors driving the growth of the Uzbek economy include information and communication (22 percent), hospitality and dining (18.3 percent), transportation and storage (15.7 percent), retail trade (12.5 percent), mining (10.7 percent), and manufacturing (8.2 percent).
Uzbek Central Bank’s policy rate remained stable during this period (14 percent).
The inflation rate of Uzbekistan’s economy reached 9.98 percent in 2021, decreasing by 1.16 percent in comparison to 2020 (11.14 percent).
The volume of industrial production in Uzbekistan, increased by 23.2 percent in 2021, compared to 2020 (322.3 trillion soums or $29.8 billion), reaching 397.3 trillion soums ($36.7 billion), The amount for the service sector in 2021 reached 257.3 trillion soums ($23.8 billion), which is n increase of 29.6 percent compared to 2020 (198.4 trillion soums or $18.3 billion).
The volume of construction works in 2021 amounted to 95.8 trillion soums ($8.8 billion), which is an increase of 22.8 percent compared to 2020 (78 trillion soums or $7.2 billion).
During the specified period, the official reserve assets of Uzbekistan accounted for $34.7 billion, increasing by 5.4 percent compared to 2020 ($32.9 billion).
Exports of Uzbekistan in 2021 reached $16.6 billion, imports for the same period reached $25.5 billion.
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