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    Uzbekistan - Economy
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    How is the economy of Uzbekistan? Based on the information we have, Uzbekistan has a <p>lower-middle income Central Asian economy; key exporter of natural gas, cotton, and gold; ongoing reform efforts to reduce state-owned sector dominance, attract foreign investment, and improve sustainability of cotton production</p>. Key agricultural products in this country include: milk, wheat, cotton, potatoes, carrots/turnips, tomatoes, grapes, watermelons, vegetables, apples (2023).
    More about the economy of Uzbekistan
    Labor force 13.974 million (2024 est.)
    Industrial production growth rate 7.2% (2024 est.)
    Industries textiles, food processing, machine building, metallurgy, mining, hydrocarbon extraction, chemicals
    Population below poverty line 11% (2023 est.)
    Taxes and other revenues 11.5% (of GDP) (2023 est.)
    Fiscal year N/A
    Exchange rates
    CurrencyUzbekistani soum (UZS) per US dollar -
    Exchange rates 202412,652.287 (2024 est.)
    Exchange rates 202311,734.833 (2023 est.)
    Exchange rates 202211,050.145 (2022 est.)
    Exchange rates 202110,609.464 (2021 est.)
    Exchange rates 202010,054.261 (2020 est.)
    Debt - external
    Debt - external 2023$25.714 billion (2023 est.)
    Reserves of foreign exchange and gold
    Reserves of foreign exchange and gold 2024$41.237 billion (2024 est.)
    Reserves of foreign exchange and gold 2023$34.558 billion (2023 est.)
    Reserves of foreign exchange and gold 2022$35.774 billion (2022 est.)
    Current account balance
    Current account balance 2024-$5.738 billion (2024 est.)
    Current account balance 2023-$7.799 billion (2023 est.)
    Current account balance 2022-$2.847 billion (2022 est.)
    Public debt
    Public debt 201610.5% of GDP (2016 est.)
    Budget
    Revenues$21.565 billion (2023 est.)
    Expenditures$25.953 billion (2023 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 202414.4% of GDP (2024 est.)
    Remittances 202313.8% of GDP (2023 est.)
    Remittances 202217.2% of GDP (2022 est.)
    Household income
    Lowest 10%2.1% (2023 est.)
    Highest 10%25.3% (2023 est.)
    Average household expenditures
    On food46.3% of household expenditures (2023 est.)
    On alcohol and tobacco3.2% of household expenditures (2023 est.)
    Imports
    Imports 2024$43.624 billion (2024 est.)
    Imports 2023$42.646 billion (2023 est.)
    Imports 2022$35.643 billion (2022 est.)
    Imports (partners)China 32%, Russia 17%, Kazakhstan 8%, S. Korea 6%, Turkey 5% (2023)
    Comodities Imports forcecars, vehicle parts/accessories, packaged medicine, refined petroleum, aircraft (2023)
    Exports
    Exports 2024$26.173 billion (2024 est.)
    Exports 2023$25.05 billion (2023 est.)
    Exports 2022$20.966 billion (2022 est.)
    Exports (partners)Switzerland 34%, Russia 12%, UK 11%, China 7%, Turkey 6% (2023)
    Comodities Exports forcegold, cotton yarn, garments, fertilizers, fabric (2023)
    Real GDP (purchasing power parity)
    Real GDP (purchasing power parity) 2024$379.989 billion (2024 est.)
    Real GDP (purchasing power parity) 2023$356.797 billion (2023 est.)
    Real GDP (purchasing power parity) 2022$335.678 billion (2022 est.)
    GDP (official exchange rate)$114.965 billion (2024 est.)
    Real GDP Per capita
    Real GDP per capita 2024$10,500 (2024 est.)
    Real GDP per capita 2023$10,000 (2023 est.)
    Real GDP per capita 2022$9,600 (2022 est.)
    GDP - composition, by sector of origin
    Agriculture18.3% (2024 est.)
    Industry31.8% (2024 est.)
    Services45.2% (2024 est.)
    GDP - composition, by end use
    Household consumption68% (2024 est.)
    Government consumption13.9% (2024 est.)
    Investment in fixed capital37.1% (2024 est.)
    Investment in inventories-3.8% (2024 est.)
    Exports of goods and services22.8% (2024 est.)
    Imports of goods and services-38% (2024 est.)
    Unemployment rate
    Unemployment rate 20244.5% (2024 est.)
    Unemployment rate 20234.5% (2023 est.)
    Unemployment rate 20224.5% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total10.9% (2024 est.)
    Male7.2% (2024 est.)
    Female18.1% (2024 est.)
    All Important Facts about Uzbekistan

    Want to know more about Uzbekistan? Check all different factbooks for Uzbekistan below.

    Uzbekistan is found in Central Asia