TASHKENT, Uzbekistan, October 22. The International Monetary Fund (IMF) released its World Economic Outlook, Trend reports.
According to the report, the IMF projects that Uzbekistan’s real gross domestic product (GDP) will amount to 5.6 percent in 2024. This indicator is down by 0.7 percent compared to 6.3 percent in 2023.
At the same time, Uzbekistan’s real GDP is expected to rise slightly to 5.7 percent in 2025.
Meanwhile, the IMF anticipates that Uzbekistan’s real GDP will stand at 5.5 percent in 2028.
In fiscal matters, Uzbekistan aims to achieve a consolidated fiscal deficit of 4.0 percent of GDP in 2024, followed by three percent in 2025, through rationalized expenditure and improved social spending.
Uzbekistan plans to bring GDP to $160 billion by 2030, and the volume of exports is planned to increase to $45 billion as opposed to $18.5 billion in 2022.