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Cost of Living
As part of new approaches to improving the well-being of the population in Syrdarya Region, the Competition Policy and Consumer Rights Research Center analyzed household living expenses. According to the preliminary analysis, 51 percent of the region’s total household expenditure is allocated to food products, 19 percent to non-food products, 13 percent to services, and 7 percent to eating out. In developed countries, the share of expenditure on food is generally less than 15 percent. International practice involves regular monitoring of the prices of goods and services that account for a significant share of the expenditures of low-income households. In particular, in South Africa, the “Cost of Living” analysis monitors expenditures on food, housing and utilities, transport, healthcare, and other essential expenses. This approach makes it possible to identify the goods and services that have the greatest impact on household living expenses, as well as their price dynamics and the factors influencing price formation, thereby creating an opportunity to take appropriate measures in a timely manner.
Under the chairmanship of President Shavkat Mirziyoyev, a meeting is being held on the socio-economic development of Andijan Region, support for entrepreneurship, and increasing household incomes
It was noted that in the first half of the current year, the region’s economy grew by 8.8 percent, industry by 9.2 percent, services by 16.1 percent, and investment by 8.9 percent. “For us, it is not the growth figures themselves that matter, but what changes each indicator has brought to the everyday lives of each family,” the head of state said. It was emphasized that, despite limited land and natural resources, Andijan Region has such opportunities as an active population, a strong entrepreneurial spirit, a large number of young people, an established industrial base, and a large market. Over the past ten years, 20 trillion soums have been allocated to the region from the republican state budget, while banks have directed 90 trillion soums to support entrepreneurship. In the current year alone, 6 trillion soums have been allocated to improve the well-being of the population. It was emphasized that the powers granted to regional hokims and the financial opportunities created must be transformed into tangible results commensurate with these opportunities.
The Competition Policy and Consumer Rights Research Center Analyzed Opportunities for Producing New Products in Navoi Region
According to the analysis, of the 5,134 types of goods produced in Uzbekistan, 1,495 types (29%) are also produced in Navoi Region. Of the 9,049 types of products imported into the country, 1,955 types enter the regional market. Meanwhile, 55% of the products produced in the region have a level of complexity above the global average. Based on the methodology of Harvard University’s Economic Complexity Index, production opportunities for 1,242 types of products were assessed, with more than 300 products studied on a sample basis. As a result, it was found that for 30 types of products, the level of domestic market saturation with locally produced goods is below the established benchmark. These analyses help identify promising areas for localizing new products, expanding production opportunities, and filling existing gaps in the domestic market.
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