Brief overview on publication of Balance of payments,
international investment position and external debt of the
Republic of Uzbekistan for 9 months of 2019
Increase in external borrowing, the attraction of direct investments, the repayment of accumulated direct investment obligations by residents and inward growth of cross-border remittances were the main factors that affected Uzbekistan’s balance of payments indicators during 9 months of 2019.
Negative balance of current account was formed due to aforementioned factors and amounted to USD 1.4 billion. Moreover, negative balance of trade and international services (USD 6.1 billion) partially was compensated with positive balance of primary and secondary incomes (USD 4.7 billion).
Net acquisition of assets by residents (USD 1.3 billion) and the growth of residents’ financial liabilities (USD 6.1 billion) generated negative balance of financial account in the amount of USD 4.8 billion. Reserve assets increased by USD 662 million.
Net international investment position of the Republic of Uzbekistan as of October 1, 2019 amounted to USD 13.7 billion. Government and banking sectors are “net lenders”, while other sectors are “net borrowers” relative to the rest of the world.
Total external debt amounted to USD 21.5 billion, of which USD 13.8 billion belongs to government sector and USD 7.7 billion is private external debt.
Detailed information on changes of aforementioned indicators and analysis of changes regarding previous years are presented in the Central bank’s publication on Balance of payments, international investment position and external debt for 9 months of 2019.