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THE PATH TO PROSPERITY

This year marks 26 years of independence. What does a quarter of a century mean for the history? Probably just a moment. What is it for the people of the country?.

During this short period of time, Uzbekistan has changed beyond recognition, turning into a powerful state in Central Asia. The republic has entered the top five fastest growing economies in the world, ranks the 44th among 158 countries in ‘Happiness’, has taken the lead in culture and sports, successfully addressing the task of doubling GDP by 2030.

Despite the trials, challenges and problems around the world, the ongoing financial and economic crisis, the downswing in demand for finished products and raw materials, Uzbekistan has been maintaining a stable and sustainable economic growth.

Among the few countries in the world, the economy in Uzbekistan has grown by almost six times, real income per capita increased by more than nine times over the years of independent development.

In recent years, the growth rate of gross domestic product has been stable at the level of more than 8%, ensuring the growth of exports and foreign exchange reserves, while the public external debt does not exceed 18.5% of GDP.

The progress has unrecognizably changed the face of the country, its cities and villages. Industry has been developing at an advanced pace, the structure has been radically renewed, high-tech modern enterprise are being commissioned, the production is upgraded and diversified, the competitiveness of the economy is growing.

The achievements clearly showcase Uzbekistan as a prosperous state, which is capable to effectively address the issues of security, improve the well-being, social protection, cultural and spiritual development. Starting its own independent path in very tough conditions, the republic has achieved virtually the unfeasible. The achievements clearly demonstrate that Uzbekistan - a prosperous state, where effectively addressed the issues of security of citizens, improving the material well-being, social welfare, cultural and spiritual development.

The secret is simple: there is a huge industry of the people, creative and historical potential of our great ancestors, who passed their achievements and energy to descendants in the form of knowledge, experience, traditions and customs, national pride.

Uzbekistan ranks among the few, or perhaps, is the only country in the world to increase the population by more than one and a half times - from 20 to 32 million people, in a short period.

The significant growth of the population requires huge amounts of food, new housing and more - and the republic has been providing its citizens with all they need, and confidently moving toward the prosperity. The outgoing 2016 has become an important milestone on this path. It has clearly demonstrated that a person has been in focus of all changes since the early days of independence.