Infographics: Development of the digital economy in Uzbekistan during 2016-2020

Infographics: Development of the digital economy in Uzbekistan during 2016-2020

Experts from the Center for Economic Research and Reforms (CERR) Yuri Kutbitdinov and Bakhtiyor Ismailov prepared an overview of the development of the digital economy in Uzbekistan.

“For many of these indicators, Uzbekistan has made significant progress since 2016,” the study says.

Consequently, the gross value in the field of "information and communication" has doubled since 2016 from 4.4 to 8.8 trillion soums. And the volume of services has grown 2 times from 6.3 to 12.9 trillion soums.

The authors of the study mentioned: “The experience of foreign countries shows that the digital economy is developing simultaneously in a wide range of areas and cannot be built by a limited number of companies, even if they are given special powers and resources.

Therefore, private business should be playe the main role in the digital economy with a strong entrepreneurial and innovative approach, moreover the state should create the infrastructure and conditions for private initiative".

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