The main factors that influenced the formation of the balance of payments indicators of the Republic of Uzbekistan for the 1st half of 2021 were positive changes in the internal and external conditions after coronacrisis on the world economy, recovery of foreign trade and growing business activity in global market and other factors.
Under the influence of the above factors, the current account formed with a deficit of USD 3.3 billion (USD 1.9 billion for the I half of 2020). At the same time, the negative trade (goods and services) balance (USD 5,8 billion) was partially offset by the positive balance of primary income and secondary income (USD 2.5 billion).
Negative balance of the financial account increased by 13 % (USD 403.3 million) and for the 1st half of 2021 accounted for USD 3.6 billion. Growth of negative balance of financial account is due to decrease in the currency and deposit by USD 781,7 million and growth of liabilities of loans and credits, as well as direct investment component and portfolio investment in the amount of total USD 3.0 billion.
For the 1st half of 2021, the total volume of foreign assets and external liabilities of the country amounted to USD 66.1 billion and USD 48.3 billion respectively. In this regard, the net investment position of the Republic of Uzbekistan decreased by 12 % or USD 2.4 billion and as of July 1 of this year amounted to USD 17.8 billion.
As of July 1, 2021, the total external debt of the Republic of Uzbekistan was increased by 6% (USD 2.0 billion) and accounted for USD 35.9 billion (USD 33.8 billion as of January 1, 2021), of which USD 22.0 billion (which was increased by USD 627.9 million relative to the beginning of the year) - government and government guaranteed external debt, and USD 13.9 billion (which was increased by USD 1.4 billion realative to the beginning of the year) – non guaranteed external debt.
