MACROECONOMIC INDICATORS IN UZBEKISTAN FOR 2023 AND THEIR COMPARISONS

Umida Kakhramonova,
Student of Tashkent State University of Economics
Faculty of Economics
Tashkent, Uzbekistan
Email: kakhramonovaumida05@gmail.com
ORCID: 0009-0000-1134-9601
JELClassification: H1,H12
Abstract. This thesis provides comprehensive comparison of macroeconomic indicators of Uzbekistan in 2023 according to 2020, 2021 and 2022. Utilizing a literature review methodology, the study compares annual data on gross domestic product growth rate, growth domestic product per capita, inflation rate, unemployment rate, current account balance, external debt, and foreign direct investment to assess the country’s economic resilience and growth trajectory. While Uzbekistan has demonstrated economic resilience, balancing growth with stability will be crucial for its future development. This scientific work analyzes the macroeconomic situation of the Republic of Uzbekistan in 2023, comparing it with the indicators of 2020, 2021 and 2022. The study uses the literature analysis method, focusing on such important indicators as gross domestic product (GDP) growth rate, GDP per capita, inflation rate, unemployment rate, current account balance, external debt, and foreign direct investment (FDI). Data analysis shows that the Uzbek economy has maintained a certain level of growth in recent years. In particular, in the post-pandemic period, there has been a recovery in economic activity, an increase in investment, and stability in external debt. At the same time, the inflation rate remains relatively high and the issue of unemployment remains relevant. The purpose of the study is to assess the country’s economic stability and growth with its potential based on macroeconomic indicators and develop recommendations for future development directions. One of the main challenges that is facing with Uzbekistan is to balance economic growth with macroeconomic stability, expand innovative approaches, and effectively manage international financial flows.
Keywords: Uzbekistan economy, macroeconomic indicators, gross domestic product, inflation rate, unemployment rate, consumer price index
Acronyms:
GDP- gross domestic product
CPI- consumer price index
IMF- International Monetary Fund
ADB- Asian Development Bank
FDI- Foreign Direct Investment