5 Amazing facts about Uzbekistan GDP and its Economy

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Uzbekistan country overview

Before we talk about Uzbekistan GDP first we discuss Uzbekistan country general overview. Uzbekistan is officially called the Republic of Uzbekistan.

Uzbekistan GDP
Uzbekistan GDP

It is a landlocked country located in Central Asia. Its neighbour countries names are Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan and Turkmenistan. Tashkent is the capital and largest city of Uzbekistan.

Its official language is Uzbek. Its other regional languages are Russian, Tajik, Turkmen, Ukrainian and others. Ethnic groups in Uzbekistan are Uzbeks 84%, 5% Tajiks and others.

In the religious divide, 92% are Muslims, 6% Christians and 2% others. When we talk about its government system, so its government system is the Unitary Presidential constitutional republic.

Uzbekistan’s president name is Shavkat Mirziyoyev. Its prime minister name is Abdulla Aripov. Its legislature name is Olly Majlis. Its legislature has two houses called the upper house and the lower house.

Its upper house is called Senate and its lower house name is Legislative Chamber. Its total land area is 448,900 km2. Its total land area rank is 56th in the world.

Uzbekistan’s total population is 35,011,200 in the year 2020. Its population rank is 41st in the world. Its population density is 75 / km2. Its population density rank is 132nd in the world. 

Uzbekistan Economy

Uzbekistan’s Currency is called UZS. Uzbekistan’s economy is generally called the Developing and the emerging economy and also the Lower middle-income economy country.

The inflation rate in Uzbekistan is 14% according to the year 2020. 14% of the Uzbekistan population are living below the poverty line in the year 2016.

When we talk about its Human Development Index, its HDI rate is 0.710 Which is considered high in the world. Its HDI rank is 106th in the world in the year 2018.

The unemployment rate in Uzbekistan is 9% in the year 2018. Its total gross external debt is $17 billion in the year 2017. Its total Foreign reserves are $16 billion in the year 2017. 

Uzbekistan GDP

Its total GDP is $60 billion (nominal) and $299 billion (PPP) in the year 2019. Its GDP rank is 78th (nominal) and 59th (PPP) in the year 2019.

Its GDP growth is 6.5% in the year 2021. Its GDP per capita is $1,800 (nominal) and $8,900 (PPP) in the year 2019. Its GDP per capita rank is 144th (nominal) and 120th (PPP) in the year 2019.

When we talk about its GDP by sector, so agriculture by 18%, industry by 34% and services are 47% in the year 2017. 

Exports

Uzbekistan’s total exports are $11 billion in the year 2017. Its main export goods are cotton, gold, minerals, textiles, food products, machinery and others Its main export partners are the United Kingdom, Russia, China, Iran and others. 

Imports

Its total imports are $11.4% in the year 2017. Its main import goods are machinery, Chemicals, food items and others. Its main import partners are China, Russia, South Korea, Turkey, Germany and others. 

 

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