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National assets and long-term sustainable development

15.12.2015

National assets and long-term sustainable development

Having rich resource base according to the indicator of rental income (% of GNI), Uzbekistan is among top 10 resource-secured countries in the world. To a large extent, this has determined the current model of economic growth based on the development of resource-intensive industries.

The selected growth model provided for achieving high GDP growth rates during 2000-2014 (at 8% per year), almost 2-fold reduction in poverty (from 27.5% to 14.1%), and the rapid pace of industrialization (the share of industry in GDP has increased from 14.1 to 24, 1%).

Will this growth model be as successful in the long term up to 2030?

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