Uzbekistan's GDP surged by 6.2% in Q1 2024

Economy

According to preliminary data, in January-March 2024, the gross domestic product (GDP) of the Republic of Uzbekistan at current prices amounted to 242,701.6 billion sums, showing a growth of 6.2% compared to the same period in 2023. This was reported by the press service of the Uzbekistan Statistics Agency.

Uzbekistan's GDP surged by 6.2% in Q1 2024
It is noted that the growth of the industrial sector was 6.5%, and its positive contribution to GDP growth was 1.8 percentage points. The growth of agriculture, forestry, and fisheries amounted to 3.6%, with its positive contribution to GDP growth being 0.4 percentage points.

The increase in the volume of construction work was 6.8%. The positive contribution of the construction industry to GDP growth was 0.4 percentage points.

The growth rate in the service sector was 6.8%. Trade, catering, and public catering services grew by 10.2%, transportation and storage, information and communication grew by 10.4%, and other service sectors grew by 5.1%. The positive contribution of the service sector to GDP growth was 3.4 percentage points.

The volume of net taxes on products increased by 3.6%, with its positive contribution to GDP growth being 0.2 percentage points.

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