Key facts
- Uzbekistan's economy has experienced substantial growth and diversification since 2017.
- Nominal GDP has increased from approximately €21 billion to around €130 billion.
- Key sectors like industry, services, and construction are expanding.
- Foreign investment has risen.
- Entrepreneurship has increased.
Uzbekistan's economy has experienced significant growth and diversification since the initiation of reforms in 2017. The country's nominal GDP has seen a substantial increase, rising from approximately €21 billion to around €130 billion. This economic expansion is characterized by the growth of key sectors such as industry, services, and construction. Furthermore, there has been a notable rise in foreign investment and an increase in entrepreneurial activity within the nation. The reforms have facilitated a broader economic base and attracted external capital, contributing to the overall economic uplift.