DYNAMICS OF UZBEKISTAN'S BALANCE OF PAYMENTS: MAIN TRENDS IN RECENT YEARS
DOI:
https://doi.org/10.37547/Keywords:
Uzbekistan's balance of payments, foreign trade, export-import, current account, capital and financial account, gold and foreign exchange reserves, currency policy, international payments, foreign economic activity, investment flow, balance of services, remittances, external debt, economic stability, macroeconomic indicators, global economy, economic trends, economic analysis, external sector stability, econometric analysis.Abstract
This article analyzes the dynamics of the balance of payments of the Republic of Uzbekistan in recent years and the main trends observed in its components. In the course of the study, statistical data on the balance of current operations, capital and financial accounts, as well as the state of gold and foreign exchange reserves are studied, and changes in export-import indicators, the balance of services and investment flows are highlighted. It is shown that in recent years, global economic fluctuations, the pandemic, changes in raw material prices and the transformation of domestic economic policy have had a significant impact on the indicators of Uzbekistan's foreign economic activity. The results of the study serve to identify the main directions for diversifying the country's foreign trade structure, expanding exports, developing the service sector and conducting a stable exchange rate policy. At the end of the article, conclusions are drawn on the existing positive and negative trends in the balance of payments and proposals are made to ensure economic stability.
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