Tashkent, Uzbekistan (UzDaily.com) —  According to preliminary estimates, the GDP of the Republic of Uzbekistan in current prices amounted to 1,015,331.8 billion soums in January-September 2024, representing a real increase of 6.6% compared to January-September 2023. This information was reported by the Statistics Agency.

The GDP deflator index, relative to prices from January-September 2023, stood at 113.1%.

When calculated in U.S. dollars based on the average exchange rate for the reporting period, the nominal GDP totaled US$80.61 billion.

In January-September 2024, the positive contribution to GDP growth came from the agricultural, forestry, and fishery sectors (0.7 percentage points), industry (1.6 percentage points), construction (0.7 percentage points), and the services sector (3.3 percentage points). Additionally, an increase in net taxes on products contributed to GDP growth by 0.3 percentage points.

The gross added value created by all sectors of the economy accounted for 95.4% of the total GDP and increased by 6.6% (contributing 6.3 percentage points to GDP growth). Net taxes on products constituted 4.6% of GDP, and compared to January-September 2023, they grew by 6.6% (contributing 0.3 percentage points to GDP growth).

As of January-September 2024, minor changes were noted in the sectoral structure of GDP. The share of the services sector in the GDP structure increased from 46.5% to 47.2%, while the share of industry rose from 24.7% to 26.2%. In contrast, the share of agriculture, forestry, and fishery declined from 21.2% to 19.4%, and construction’s share decreased from 7.6% to 7.2%.

The average permanent population of the Republic of Uzbekistan was as follows: in January-September 2020 – 34.14 million people, in January-September 2021 – 34.82 million people, in January-September 2022 – 35.54 million people, in January-September 2023 – 36.31 million people, and in January-September 2024 – 37.08 million people.

In January-September 2024, GDP per capita in current prices amounted to 27.38 million soums (equivalent to US$2,174.2).

As shown in the presented infographic, real GDP per capita growth from January-September 2023 was 4.4%, while compared to January-September 2020, it was 19.7%.

In January-September 2024, the agricultural, forestry, and fishery sectors demonstrated positive growth rates of 3.1% (compared to 4.0% in January-September 2023, 3.6% in January-September 2022, 4.0% in January-September 2021, and 2.6% in January-September 2020).

The total volume of products (services) in the agricultural, forestry, and fishery sectors reached 323.87 trillion soums. Of this total, crop and livestock production, hunting, and provided services accounted for 97.5%, forestry – 1.9%, and fishery – 0.6%.

The positive growth dynamics in this sector as of January-September 2024 was attributed to the increase in crop and livestock production, hunting, and provided services in these areas by 3.1%, with forestry growing by 2.9% and fishery by 1.3%.

In January-September 2024, the industrial sector saw an increase in added value of 7.0%.

This positive trend in the sector was primarily driven by the growth of added value in mining and quarrying (1.3%), manufacturing (8.2%), electricity supply, gas supply, steam and air conditioning (4.5%), and water supply, sewage, and waste collection and disposal (5.9%).

Compared to January-September 2023, construction work increased by 9.0% in January-September 2024. The growth rates for building and construction works were 8.6%, for civil construction objects 12.5%, and specialized construction works 6.4%.

In January-September 2024, the volume of construction work reached 167.1 trillion soums. Of the total, large organizations accounted for 24.4%, small enterprises and microfirms – 48.1%, and individuals – 27.5%.

As of January-September 2024, the gross added value of the services sector amounted to 457,899.8 billion soums, increasing by 7.5% compared to January-September 2023. Among these, trade services grew by 11.1%, accommodation and food services by 10.6%, transport and storage by 8.7%, information and communication services by 22.3%, and other services by 4.5%.

In January-September 2024, the structure of gross added value in trade showed that the largest share belonged to retail trade (excluding motor vehicle trade), reaching 57.1%. The share of wholesale trade (excluding motor vehicle trade) was 30.5%, and the share of wholesale and retail trade in motor vehicles and their repair was 12.4%.

As of January-September 2024, the share of transport and storage in Uzbekistan’s GDP was 5.3%.

In the structure of gross added value in the transport and storage sector, the largest share belonged to road transport at 53.0%. Pipeline transport constituted 14.7%, railway transport 9.1%, auxiliary transport activities 15.0%, and air transport 8.2% of the total added value of this sector.

In January-September 2024, the share of information and communication services in the country’s economy was 2.6%. In the structure of added value of this sector, the main share came from communication services (wired and mobile communications, Internet, etc.), accounting for 37.1%. The remaining 62.9% of added value created in this sector was attributed to other fields (publishing activities, computer programming, software development, and broadcasting, etc.).

In January-September 2024, the share of information and communication technology (ICT) services in the economy was 2.4%. The added value from ICT services was composed of communication services – 40.5%, computer programming, consulting, and other related services – 40.9%, data hosting and processing services, web portals – 9.6%, software publishing – 5.5%, and repair of computers and communication equipment – 3.5%.

As of January-September 2024, small business entities created added value amounting to 521.23 trillion soums, or 53.8% of the total added value in the economy. The share of agriculture, forestry, and fishery in the total gross added value of small businesses was 34.9%, industry – 12.2%, construction – 10.5%, and services sector – 42.4%.

The share of small businesses in key sectors of the economy was as follows: in agriculture, forestry, and fishery – 96.7%, construction – 78.0%, services – 48.3%, and industry – 25.1%.

The structure of the informal and shadow economy in the sectors of agriculture, forestry, and fishery was 67.7%, in the services sector – 39.0%, in construction – 38.8%, and in industry – 9.7%.