Middle East and Central Asia > Uzbekistan, Republic of
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A technical assistance mission assisted the Statistics Agency under the President of the Republic of Uzbekistan (SA) in conducting a major revision of national accounts time series. Based on the results of the 2023 survey on non-observed economy (NOE) in hotels, restaurants, and other services, the 2024 major revision increases the nominal GDP for 2017–2023 in the range of 10–12 percent. The mission reviewed the results of the 2024 major revision and provided recommendations for improvement before their publication. These improvements to data and methods will improve the understanding of the Uzbekistan economy, both for domestic policymaking and international surveillance.
A technical assistance mission assisted the Statistics Agency under the President of the Republic of Uzbekistan (SA) in conducting a major revision of national accounts time series. Based on the results of the 2023 survey on non-observed economy (NOE) in hotels, restaurants, and other services, the 2024 major revision increases the nominal GDP for 2017–2023 in the range of 10–12 percent. The mission reviewed the results of the 2024 major revision and provided recommendations for improvement before their publication. These improvements to data and methods will improve the understanding of the Uzbekistan economy, both for domestic policymaking and international surveillance.
1. During the 2024 Article IV consultation with Uzbekistan, IMF staff conducted a comprehensive assessment of governance issues guided by the IMF’s 2018 Framework.1 This paper focuses on progress and areas for improvement regarding central bank governance and operations, the business environment and market regulation, restructuring and privatizing state enterprises, the rule of law, and corruption. Other aspects of the IMF’s framework—including fiscal governance and financial sector oversight—are discussed in the 2024 Article IV staff report for Uzbekistan. The assessment is based on the findings of technical experts at the IMF, informed by reports from other international organizations as well as interviews with the authorities, stakeholders from the public and private sectors, development partners, and non-government organizations.2
IMF Country Report No. 24/211