TASHKENT, Uzbekistan, October 11. The IMF anticipates that Uzbekistan’s real GDP will stand at 5.5 percent in 2028 with no changes from 2023 and 2024 projections, Trend reports.
The latest World Economic Outlook report from the International Monetary Fund (IMF) shows that the forecast for the upcoming years aligns with the previous outlook published in April 2023.
Looking closer to the present, the IMF expects no changes in Uzbekistan's real GDP as the funds projections for both 2023 and 2024 stand at 5.5 percent as well, down by 0.2 percent compared to the 2022 estimates.
Meanwhile, Uzbekistan plans to bring GDP to $160 billion by 2030, the volume of exports is planned to increase to $45 billion, as opposed to $18.5 billion in 2022.
Advisor to the Minister of Investment, Industry and Trade of Uzbekistan Abdulla Khashimov noted that successful implementation of the plan requires an increase in international freight traffic.
“Today, Uzbekistan is maintaining trade relations with more than 180 countries and road transport plays a key role in these relations. Volume of Uzbekistan's export cargo transportation by road increased by 5 times over the past six years," Khashimov said.
The volume of GDP in Uzbekistan amounted to $80.4 billion in 2022 with an increase of 13 percent compared to $69.24 billion in 2021.
