BAKU, Azerbaijan, May 9. The GDP of Uzbekistan grew by 5.8 percent in the first quarter of 2022, which is an increase of 2.2 times compared to the same period last year (2.6 percent), Trend reports via the Bluestone Investment Bank.
The sectors driving the growth of the Uzbek economy include industrial production (24.6 percent), retail trade turnover (10.8 percent), and construction (6.3 percent).
Uzbek Central Bank’s policy rate grew during this period from 14 percent to 17 percent.
The inflation rate of Uzbekistan’s economy reached 10.5 percent from January through March 2022 decreasing by 0.4 percent compared to the same period of 2021 (10.9 percent).
During the specified period, the official reserve assets of Uzbekistan accounted for $35.2 billion, increasing by 7.6 percent compared to the same period of 2021 (32.7 percent).
Exports of Uzbekistan from January through March 2022 reached $5.8 billion, imports for the same period reached $7.4 billion.
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