The President noted that nine years ago reaching the mark of $100 billion seemed like an extremely ambitious task. "Today, however, we can be proud that GDP has exceeded $145 billion for the first time. This reflects the great potential of our people," he remarked.
Mirziyoyev also pointed to the "Uzbekistan – 2030" strategy, which set the goal of achieving a GDP of $160 billion by 2030. However, according to him, the current pace of reforms and business activity allows for a revision of these forecasts.
“We can achieve this goal as early as 2026,” the president added.
He emphasized that with the implementation of new technologies and the training of specialists, the country's economy could grow to $240 billion over the next five years.
Among the achievements of the current year is a 23% increase in exports, which amounted to $33.4 billion, as well as a record level of gold and foreign exchange reserves, which have exceeded $60 billion for the first time.
The volume of foreign investments reached $43.1 billion, with their share in GDP amounting to 31.9%. These investments create the foundation for sustainable economic growth in Uzbekistan in the coming years, the president noted.
International rating agencies have upgraded Uzbekistan's sovereign rating from "BB-" to "BB".
“This change will allow us to reduce interest rates on foreign resources attracted by 1-1.5 percentage points and decrease external debt expenses by $250-300 million per year,” Mirziyoyev explained.
In addition, Uzbekistan has improved its position in the World Bank's Technology Maturity Index, rising by 71 positions and entering the top ten best countries, the president added.
