Tourism surge pushes up Uzbekistan's services exports to $4bn in 2022

Tourism surge pushes up Uzbekistan's services exports to $4bn in 2022
/ bne IntelliNews
By Muzaffar Ismailov in Tashkent January 31, 2023

Uzbekistan exported services worth $3.95bn last year, according to official statistics.

Revenue from the export of services increased by 53.4% y/y. The share of services in the country's total foreign trade turnover exceeded 20%.

Tourism made the main contribution to the growth of service sector exports. Last year, tourist services brought in around an additional $1.2bn, expanding almost fourfold from $422.1mn to $1.6bn.

Income from tourism almost equalled that of the main services export item, namely transport services, which generated $1.75bn, up 1.5%. The share of transport services in overall services exports decreased by more than a third from 67.8% to 44.3%.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan’s key rate held at 14% as central bank points to fears over reacceleration of inflation

Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more

Uzbekistan can expect GDP growth of 5.2% this year and 5.4% next, says IMF

The International Monetary Fund (IMF) projects real GDP growth of 5.2% this year and 5.4% in 2025 for Uzbekistan in its newly released ... more

Tashkent Stock Exchange reports decline in 1Q24 trading volume

Tashkent Stock Exchange (TSE) has released its results for 1Q24, revealing a significant decrease in trading volume y/y. The results report, compiled by the TSE and Avesta Investment Group, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    8 days ago
  4. Don't mention the "D" word - Ukraine
    5 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    2 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    30 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    28 days ago
  5. Saudi Arabia to scale back plans for Neom city
    15 days ago

Reports

Dismiss