Uzbekistan
Republic of Uzbekistan is a doubly landlocked country located in Central Asia. It is surrounded by five countries: Kazakhstan to the north, Kyrgyzstan to the northeast, Tajikistan to the southeast, Afghanistan to the south, and Turkmenistan to the southwest, making it one of only two doubly landlocked countries on Earth, the other being Liechtenstein. Uzbekistan is part of the Turkic world, as well as a member of the Organization of Turkic States. Uzbek is the majority language. Islam is the predominant religion, and most Uzbeks are Sunni Muslims.
The Republic of Uzbekistan consists of the Republic of Karakalpakstan, which occupies 40% of the territory of Uzbekistan, rural areas, urban areas, cities of regional subordination, cities of regional subordination, villages. The capital, the city of Tashkent, has the status of a city of central subordination; at the end of 2022, the President of Uzbekistan announced that the cities of Samarkand and Namangan, the population of each of which is approaching 1 million, will receive the status of cities of republican subordination. A large population is an economic advantage for Uzbekistan.
Financial potential of the country
The economy of Uzbekistan is the second economy in Central Asia and the fourth economy in the post-Soviet space. Uzbekistan ranks (according to 2014 data) 14th place in the world in natural gas production, third place in the world in exports and sixth place in cotton production, 12th place in the world in uranium reserves (4% of world uranium reserves), by total Uzbekistan ranks fourth in the world in terms of gold reserves, and in seventh place in terms of gold production. Structure of GDP by economic sectors (2017): agriculture – 19.2%, services – 47.3%, industry – 33.5%. Employment: 44% in agriculture, 20% in industry, 36% in services.
Foreign investments: the volume of absorbed foreign investments in the economy of Uzbekistan for 2020 amounted to about $10 billion. China is the largest investor in the economy of Uzbekistan: in 2018, the volume of these investments reaches about $8 billion; in 2023, China took first place in terms of investment in the economy of Uzbekistan.
During the first Tashkent International Investment Forum in 2022, Shavkat Mirziyoyev announced plans to bring the country’s GDP to $100 billion and annual exports to $30 billion in the next 5 years.
Photos of Uzbekistan
