News of Cental Asia
31.07.2024
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Uzbekistan's Economic Update: Informal Economy Insights
Today, the Center for Economic Research and Reforms in Tashkent revealed that Uzbekistan's GDP for 2023 reached 1,192.2 trillion soums ($101.6 billion), up by 125.6 trillion soums ($10.7 billion). The roundtable discussed new findings on the informal and hidden economy, highlighting its impact on GDP and the importance of accurate data for economic planning.
Key Points:
Abrorali Mamadzhanov from the Statistics Agency presented results showing enhanced accuracy in macroeconomic indicators.
The IMF’s analysis involved over 7,000 households across 14 regions, contributing to a better understanding of the informal sector’s role.
The next major revision of national accounts is scheduled for 2029.
The roundtable underscored the need for ongoing international collaboration to integrate the informal economy into the official sector and ensure sustainable growth.
Detailed results will be announced on August 6 at a press conference.
