Uzbekistan's position in the Index of Economic Freedom improved by 80 places

Uzbekistan Moves Up 80 Places in the Index of Economic Freedom

Uzbek President Shavkat Mirziyoyev, at a ceremony dedicated to the 35th anniversary of the country's independence, touched upon the results of economic and social reforms implemented in recent years.

The head of state noted that Uzbekistan has opened up to the world with great political will, border issues have been resolved, and friendship and cooperation with neighboring countries have been strengthened. Fundamental changes have also been made in currency, tax, customs, and investment policies.

As a result, Uzbekistan's position in the Index of Economic Freedom has improved by 80 places, and the country's economy has become one of the moderately free countries.

It was also noted that the volume of foreign investment has increased significantly. Previously, the Uzbek economy attracted $2-3 billion in foreign investment per year, but now this figure is $40-50 billion. According to the President, along with investments, advanced technologies, modern knowledge and new economic opportunities are also coming to the country.

The Head of State recalled that three years ago, Uzbekistan set a goal of bringing its gross domestic product to $160 billion by 2030. It was noted that despite disruptions in the global logistics system and the turbulent situation in the world, this milestone was achieved by more than 2026. As a result, Uzbekistan entered the ranks of countries with an above-average income.

“We are achieving such high results thanks to the selfless labor of our people, intellectual potential, and the unity of the nation and state. Every person, every family is deeply feeling the positive changes in their lives,” said Shavkat Mirziyoyev.

The President also drew attention to social changes in the country. It was noted that in the new era, more than 650 thousand families have acquired modern housing, and thousands of neighborhoods are taking on the image of New Uzbekistan.

It was noted that the issue of poverty has been openly recognized and new approaches have been developed to dramatically reduce it. A "neighborhood" work system has been established to improve the income, occupation, health, education and living conditions of needy families.

It was noted that as a result of consistent efforts, the poverty rate has been reduced from 35 percent in 2017 to 4 percent. It is noted that these indicators represent the lives of 10 million people whose living conditions and incomes have improved.

The Head of State noted that Uzbekistan gained its independence in 1991 thanks to the will and determination of the people. It was emphasized that the roots of the country's independence go back to more than three thousand years of statehood traditions and the history of ancient civilization.