The Institute for Forecasting and Macroeconomic Research (IFMR) examined the key outcomes of the reforms in Uzbekistan’s industry in recent years.
Reportedly, from 2017 to 2022, the share of industry in GDP surged from 21.1% to 26.7%, facilitated by the steady growth of industrial production, which rose by 41.3% over the period.
The manufacturing sector grew by 47.4% over the period. In addition, the utility sector advanced by 39.2%, and the mining sector by 30.4%.
‘The core of Uzbekistan’s industry is the manufacturing sector, which accounts for 83.2% of the production,’ the report reads.
The growth in the share of medium-tech industries from 52.7% to 61.7% also testifies to a qualitative leap in the industrial structure.
‘This indicates an increase in the scale of production of high value-added goods that are in demand both in the domestic and foreign markets,’ the message reads.
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