Fiscal Balance in Uzbekistan
Uzbekistan - Fiscal BalanceGDP growth lost momentum in Q1. Mining led the slowdown, with growth in the agriculture, construction, manufacturing and retail sectors also slowing. On the other hand, export revenue was boosted by higher prices for such key commodities as gold, cotton and natural gas. Moreover, at 5.8%, the rate of GDP expansion was likely well above the CIS regional average. Q2 data on industrial output and the retail, services and construction sectors suggest ongoing robust domestic momentum. However, sanctions on Russia and Covid-19 lockdowns in China are likely dampening the external sector, given Uzbekistan’s close trade links with both countries. In politics, China recently pledged USD 37 million of financial assistance to Uzbekistan in a sign of warming ties between the countries.
Uzbekistan - Fiscal Balance Data
|Fiscal Balance (% of GDP)||0.1||0.0||0.1||-0.2||-1.1|
5 years of economic forecasts for more than 30 economic indicators.
Uzbekistan Fiscal Balance Chart
Source: Ministry of Finance of the Republic of Uzbekistan
|Exchange Rate||9,516||0.0 %||Dec 31|
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