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    Uzbekistan Money Economics

    Uzbekistan targets over $3800 GDP per capita by 2027

    Uzbekistan targets over $3800 GDP per capita by 2027

    Uzbekistan’s 2025 state budget reveals an optimistic outlook for GDP per capita, with projections indicating steady growth through 2027. This measure of economic productivity and average individual income stood at $2,527 in 2022, marking a base from which the country’s leadership expects robust growth. By the end of 2023, GDP per capita increased to $2,789, continuing its upward trend to $3,011 in 2024 and reaching $3,251 by 2025. By 2027, Uzbekistan aims to achieve a per capita GDP of $3,826, indicating strong economic momentum.

    This projected rise in GDP per capita reflects the government’s commitment to implementing policies focused on economic stability and sustainable development. Factors contributing to this growth include strategic investments in infrastructure, education, and healthcare—all vital for long-term economic resilience and quality of life improvements. As economic reforms progress, the steady annual GDP growth rate, averaging around 6%, is expected to drive per capita income gains.

    Further fueling these improvements are initiatives to attract foreign direct investment, diversify the economy, and expand private sector opportunities. These policies support employment growth and income generation, positively impacting individual prosperity. The government’s dedication to maintaining these growth trends highlights its ambition to achieve broader economic inclusivity, ensuring that Uzbekistan’s citizens share in the benefits of national progress.

    Uzbekistan’s goal of increasing GDP per capita is also tied to its regional standing, as it seeks to strengthen its economic influence in Central Asia. This increase will position Uzbekistan more competitively among its neighbors, creating a favorable environment for both domestic and international investments. The growth in GDP per capita aligns with the country’s overarching strategy to be categorized as a “middle-income” country, enhancing the global perception of its economic resilience and attractiveness for investment.

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    31.10.2024, 11:02   Comments (0)   2177
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    #GDP per capita#Uzbekistan economic growth#middle income#GDP#budget#Economy
    Tawney Kruger

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