According to the latest data from the Ministry of Economy and Finance of the Republic of Uzbekistan, the country's gross domestic product (GDP) grew by 6.2 percent in the first quarter of 2025. This figure is 0.5 percentage points higher than in the same period last year, indicating stable economic development.

The main drivers of growth were an increase in industrial production by 7.1 percent, the services sector by 8.3 percent, and agriculture by 4.5 percent. Investment activity also rose significantly – capital investment volume increased by 9.8 percent.

According to the ministry's press service, foreign trade turnover amounted to $12.3 billion, with exports reaching $5.8 billion. At the same time, imports totaled $6.5 billion, leading to a continued negative trade balance.

Government reforms aimed at diversifying the economy and supporting the private sector are yielding positive results. In particular, the share of small business and private entrepreneurship in GDP reached 54.2 percent.

However, experts note that problems such as inflationary pressure and external economic uncertainty remain relevant. To further stabilize the economy, tightening monetary policy and deepening structural reforms are deemed necessary.

Source: uznews.uz