The main factors that influenced the formation of the balance of payments indicators of the Republic of Uzbekistan for 9 months of 2021 were recovery of internal and external conditions despite continuation of coronacrisis in the world, increase in exernal trade turnover and inflow of money transfers as well as relative stabilization of global business activity and other factors.
Under the influence of the above factors, the current account formed with a deficit of USD 5.1 billion (USD 279.2 million for 9 months of 2020). At the same time, the negative trade (goods and services) balance (USD 9.7 billion) was partially offset by the positive balance of primary income and secondary income (USD 4.6 billion).
Negative balance of the financial account for 9 months of 2021 accounted for USD 6.0 billion. Growth of negative balance of financial account is due to growth of financial liabilities on external loans by USD 2.7 billion, as well as growth of direct and portfolio investments by USD 1.7 billion and USD 1.3 billion, respectively.
The total volume of external assets and liabilities of the country amounted to USD 68.3 billion and USD 51.4 billion respectively. In this regard, the net investment position of the Republic of Uzbekistan worsened by 17 % or USD 3.4 billion and as of October 1, 2021 amounted to USD 16.9 billion.As of October 1, 2021, the total external debt of the Republic of Uzbekistan increased by 11% (USD 3.7 billion) and accounted for USD 37.6 billion (USD 33.8 billion as of January 1, 2021), of which USD 22.9 billion - government and government guaranteed external debt (higher by USD 1.5 billion or 7 % relative to the beginning of the year) and USD 14.7 billion – non guaranteed external debt (higner by USD 2.2 billion or 18 % realative to the beginning of the year).