Economics and Finance
Kuchkarov Djamshid Anvarovich
Deputy Prime Minister of the Republic of Uzbekistan - Minister of economy and Finance of the Republic of Uzbekistan
Kudbiyev Sherzod Davlyatovich
Сhairman of the Tax Committee of the Republic of Uzbekistan
Despite a difficult year (2022) positive results were achieved in the economy. In particular, gross domestic product has increased by more than 5% in 2022. The volume of exports has risen by 14% and amounted to $19 billion. Due to the implementation of systemic reforms in Uzbekistan, the inflow of investments increased to a level exceeding 30 percent of GDP. In 2022 alone, $8 billion of foreign direct investment was attracted to the economy. The President of Uzbekistan shared plans to attract about $30 billion in investments in 2023, launch over 300 projects worth $8 billion.
Inflation is not only a macroeconomic indicator, but also a factor affecting the income and standard of living of the population. In 2022, inflation in Uzbekistan amounted to 12.3 percent. This year, using all economic mechanisms, it is planned to reduce this figure to below 10 percent. In increasing the income of the population, it is important to attract their free funds to the financial market. The opportunities created in this direction are yielding results. In particular, the volume of bank deposits of the population over the past three years has doubled.