TASHKENT, Aug. 2 (Xinhua) -- Uzbekistan's nominal GDP has exceeded 100 billion U.S. dollars for the first time in history, the Dunyo News Agency of Uzbekistan's Ministry of Foreign Affairs has reported.
At a recent a meeting in Tashkent with the participation of the International Monetary Fund (IMF) and various ministries and agencies of Uzbekistan, the IMF assessed that the nominal gross domestic product of Uzbekistan in 2023 increased by 125.6 trillion soms (10.7 bln U.S. dollars) and amounted to 1,192.2 trillion soms (101.6 bln U.S. dollars).
The event was organized by the Center for Economic Research and Reforms (CERR) in cooperation with the Statistics Agency of Uzbekistan. Obid Khakimov, Director of CERR, emphasized the importance of the statistical assessment of the informal and shadow economy as a tool for identifying hidden reserves and developing effective public policy.
"These studies will help not only understand the current state of the economy, but also create conditions for the legalization and integration of informal sectors into the formal economy," he noted.
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