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Bog'liq 03 04 2024 Yashil iqtisodiyot sari anjuman materiallari to\'plamimavzusidagi xalqaro ilmiy-amaliy anjuman
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ANALYSIS OF MACROECONOMIC INDICATORS OF THE REPUBLIC
OF UZBEKISTAN
U.Kakhramonova, student of Tashkent State University of Economics
Scientific advisor: E.Rahimov, associate professor of Tashkent State
University of Economics
This thesis provides comprehensive comparison of macroeconomic indicators
of Uzbekistan in 2023 according to 2020, 2021 and 2022. The data is used from the
official sites such as Eviews, Stata, and Central Bank of Uzbekistan. Utilizing a
literature review methodology, the study compares annual data on gross domestic
product growth rate, inflation rate, unemployment rate, current account balance,
external debt, and international trade turnovers to assess the country’s economic
resilience and growth trajectory. While Uzbekistan has demonstrated economic
resilience, balancing growth with stability will be crucial for its future development.
Overall, the economic trajectory of the nation exhibits favorable indications of
growth and stability throughout the examined period. Evidenced by a notable
expansion in Gross Domestic Product (GDP), declining inflation rates, and
improving unemployment statistics, the economic landscape indicates resilience.
Despite a mixed but improving current account deficit, the significant increase in
both export and import levels indicates a greater level of integration into the global
economy. At the same time, noticeable efforts to manage and reduce public external
debt are apparent. Although there were noticeable challenges, general the country
experienced an upward trend during particular years.
The Republic of Uzbekistan, a developing country, has undergone significant
economic transformations since its independence in 1991. Scientific knowledge is
based on exploring macroeconomic indicators in Uzbekistan where studies
constitute economic resilience. The author conducts a comparative analysis of
macroeconomic indicators observed in 2023 in turn of those recorded in the
preceding three years: 2020,2021 and 2022. Amidst globalization and policy
reforms the country faced challenges of sustainable economic growth while
addressing inflation, unemployment and fiscal stability. It provides a clear insight
into the effectiveness of Uzbekistan’s economic policies and its integration into the
global economy.
Macroeconomic indicators are statistics or data that reflect the economic
circumstances of a particular country, region or sector. They are used by analysts
and governments to interpret current and future investment possibilities and
financial markets. Mostly used macroeconomic indicators are gross domestic
product, unemployment rate, inflation rate, consumer price index and interest rates.
These key indicators help investors, economists, policymakers and businesses
understand the current state of the economy, predict future trends and make informed
decisions.
As is true for many countries, Uzbekistan’s scores on structural measures vary
widely depending on the measure used. In general, Uzbekistan tends to do relatively
well on measures related to fiscal and monetary management, trade, goods and labor
markets, and political stability. Uzbekistan tends to score relatively less well on
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