Analysis of Economic Growth and the Competitive Environment
From the analytical post “Prospective Products for Production in Uzbekistan Analyzed”
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While the global economy is facing pressures such as slowing productivity growth, geopolitical fragmentation, high energy prices, and rising financial costs, investment related to artificial intelligence is supporting global economic activity. According to estimates by the International Monetary Fund, such technology investments contributed around 0.5 percentage points to U.S. GDP growth in 2025. However, rising investment does not necessarily mean that real productivity has increased. The key question is whether businesses can use artificial intelligence to produce more goods and services with their existing labor and capital resources. According to IMF estimates, in the long term, artificial intelligence could increase the global economy’s annual potential growth by 0.1–0.8 percentage points. At the same time, high market expectations for the earnings of AI-related companies are increasing pressure to demonstrate the future effectiveness of these investments. The World Bank notes that, for developing countries, a key opportunity lies in adapting existing technologies to local needs and integrating them effectively into the economy. For Uzbekistan, the economic value of artificial intelligence could be reflected in higher productivity, lower costs, and the creation of new market opportunities across industry, agriculture, logistics, finance, public services, and small businesses. Achieving this requires digital infrastructure, skilled professionals, high-quality data, and reliable energy supply.
Based on the methodology of Harvard University’s Economic Complexity Index, production opportunities were assessed for 1,242 types of products, while more than 300 products were studied on a sample basis. From the analytical post “Opportunities for Producing New Products in Navoi Region Analyzed.”
The Competition Policy and Consumer Rights Research Center, based on the results of the Economic Complexity Index developed by Harvard University’s Growth Lab, analyzed prospective products for production in Uzbekistan. According to the analysis, Uzbekistan ranks among the 70 most economically complex countries out of 145 countries. The country’s position in this ranking has improved by 24 places over the past five years. Based on production capabilities and the level of product complexity, 50 prospective product types were identified. Production volumes in Uzbekistan were found to be low for 15 of these products. At the same time, annual external demand for these products exceeds USD 1 billion. In addition, Uzbekistan’s economy is expected to grow at an average annual rate of 5.4 percent through 2034. Expanding existing production capacities and implementing new production projects for these 15 product types represent an important opportunity to diversify exports, create higher value added, and enhance the country’s technological potential.