Volume 03 Issue 10-2023
140
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
10
P
AGES
:
140-144
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
ABSTRACT
This article talks about the gross domestic product of our country, about the econometric analysis of the economic
activity of the Republic of Uzbekistan.
KEYWORDS
product, gross domestic product, market, net national product investment, national product, production method,
cost method, income method
INTRODUCTION
In order for Uzbekistan to take its place in the world
community and achieve economic growth, first of all,
the introduction of large-scale systematic market
reforms and the attraction of foreign investments, the
implementation of deep structural changes in the
economy, and the modernization of productionand
renewal, aimed at rapid development of small business
and private entrepreneurship is of great importance.
Gross domestic product is an abbreviated general
admission and macroeconomic indicator that directly
reflects the market value of goods and services at the
end of each year (that is, intended for direct
consumption). Also, the report produced during the
year for consumption in all sectors of the economic
territory of the GDP countries, the national equipment
production factors are the reserves of fixed exports.
Research Article
ECONOMETRIC ANALYSIS OF THE GROSS DOMESTIC PRODUCT OF
UZBEKISTAN
Submission Date:
October 20, 2023,
Accepted Date:
October 25, 2023,
Published Date:
October 30, 2023
Crossref doi:
https://doi.org/10.37547/ajsshr/Volume03Issue10-21
Saparboyeva Sohiba Rustam Qizi
Master Student Of National University Of Uzbekistan
Journal
Website:
https://theusajournals.
com/index.php/ajsshr
Copyright:
Original
content from this work
may be used under the
terms of the creative
commons
attributes
4.0 licence.
Volume 03 Issue 10-2023
141
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
10
P
AGES
:
140-144
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
This concept was first proposed by Simon Kuznets in
1934. Economists of the world share the consistency of
production of countries with GDP as an annual report.
GDP determines the increase in prices for this year
based on current prices (without ratio) in world
markets. The GDP (with a proper assessment of the
crisis) seals the price increase feature of the previous
or any other into the annual reserve distribution. GDP
always takes into account existing products and to
what extent countries have production growth, prices
are determined using the GDP level. Next to GDP, the
economy returns to its potential by employing a fully
sold labor force. The opportunity for entrepreneurship
is to increase the importance of cross-linking with
research in other areas of full employment and
economic opportunity with entrepreneurship. GDP is
calculated in any national currency at exchange points
between countries or valued using foreign currencies.
In order to evaluate these to such values, the Parity
Purchasing Power (PHQ) in the world market (to know
the accuracy or excess of international comparison) is
presented. Today, products of a certain amount or
fixed size known as "Market Value" can be traded in
the free world market.
GROSS DOMESTIC PRODUCT is also an indicator that
describes the overall results of the country's economic
activity during a certain period (month, quarter, year).
It is the expression of the market value of goods and
services produced by the total factors of production by
all enterprises located in the territory of the country
(foreign and joint enterprises are also included in this
account), and its amount is calculated based on the
system of national accounts. used to describe and
analyze the development of the country's economy at
the macro level.
In t
he fi
eld
of p
roduct
ion
of
goods
an
d ser
vices
Gross domestic
product
Net gross product
National income
Volume 03 Issue 10-2023
142
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
10
P
AGES
:
140-144
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
NET NATIONAL PRODUCT is one of the indicators
describing the general results of the country's
economic activity during a certain period (usually
month, quarter, year); it differs from gross national
product (GNP) in that it does not include the cost of
fixed capital consumed in the relevant period. net
national product value is calculated based on the
system of national accounts. Theoretically, the Net
National Product m allows to calculate the results of
economic activity more accurately than the GDP and
YAMM, because it takes into account the value created
in the relevant period. but in practice Net National
Product calculations are used less often than YAMM,
which is related to the complexity of the exact
calculation of the cost of capital consumed
NATIONAL INCOME is the net product created by
economic entities of the country's national economy in
a certain period (usually one year) in material
production sectors; labor tools and materials used for
its production from the volume of the gross
productthe amount of product to cover - the product
that remains after deducting the compensation fund;
the value of the gross product created during the year
consists of 2 parts: the value of previously created and
spent means of production transferred to the product;
newly generated value. The newly created value is the
value of the net product (National Income). national
income is calculated as the sum of the net products of
enterprises in material production sectors. The net
product of a certain industry or enterprise is defined as
the difference (residue) between its gross product and
material production costs. The gross income of the
service firm (enterprise) is determined by deducting
the material costs of the service from the gross
monetary income of the service provider
Gross domestic product is determined based on 3
different methods;
1.
Production method - in which gross domestic
product is defined as the sum of all added values:
GDP = ∑ QQ
QQ- added values
2.
Сost method
- where it is defined as the sum of
the costs of final consumers.
Gross Domestic Product = S + I + G + Xn
Here S is personal consumption expenses;
I- investment costs, i.e. private domestic investments;
G - state expenses, i.e. state purchase of goods and
services;
Xn - expenses of foreigners, i.e. net export
3.
Income method - in which the gross domestic
product is defined as the sum of the incomes of all final
consumers. at the same time, indirect business taxes
Volume 03 Issue 10-2023
143
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
10
P
AGES
:
140-144
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
and depreciation are also included in the gross
domestic product.
GDP = depreciation + indirect taxes on business + rent
+ interest income + wages + personal investment
income + taxes on corporate profits + dividends +
retained earnings of the corporation
According to the results of january-june 2023, gdp
growth reached 5.6%. the volume of gross added value
created in all sectors of the economy made up 94.6% of
the total volume of gdp and increased by 5.5%. the
share of net taxes on products in gdp was 5.4% and
increased by 6.9% compared to january-june 2022.
According to the results of the first quarter of 2023, the
growth of the gross domestic product in uzbekistan
was 5.5 percent, the statistical agency under the
president reports. this is significantly higher than the
forecast stated in the meeting with the president at the
end of january. against the backdrop of interruptions in
electricity and gas supply due to the anomalous cold in
january, 7 trillion soums worth of products were not
produced in 3,000 regional industrial enterprises (they
employ 350,000 people) in the republic. if the
necessary measures are not taken, the gross product
growth in the first quarter may decrease to 1.5 percent
(from 5 percent to 3.5 percent), the president said
then.
Data on industrial production also showed a slowdown
in gdp growth. in january-february, this indicator
decreased by 3.9 percent, but in march, the statistics
agency reported a sharp increase in industrial
production
—
4.1 percent.
The same situation is observed in the volume of
construction works, which amounted to 12.9 trillion
soums in january-february, which is 8.2% less than in the
same period of 2022. at the same time, according to the
results of the first quarter, the agency reported that
the volume of construction increased by 27.56 trillion
soums (+14.6 trillion soums) or by 4.5% compared to
january-march 2022.
The volume of market services increased by 10.9
percent (15.9 percent in march 2022), agriculture and
fisheries by 3.2 percent (2.8 percent), retail trade
turnover by 5.2 percent (10.8 percent) increased. in the
first three months, foreign trade turnover increased by
11.9%, imports increased by 23.4%, but exports
decreased by 2.6%
Gross Domestic Product of the Republic of Uzbekistan in January-June
2021- 2023
Volume 03 Issue 10-2023
144
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
10
P
AGES
:
140-144
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
(billion at current, mlrd.soum)
CONCLUSION
In conclusion, it should be said that Uzbekistan's entry
into the processes of international economic
integration is increasing the internal and external
potential of our republic. Thanks to Uzbekistan's
participation in the integration structures, its bilateral
and multilateral international relations are expanding,
and it is recognized by the world community.
REFERENCES
1.
https://uz.m.wikipedia.org/wiki/Yalpi_ichki_ma
hsulot
2.
https://azkurs.org/3--mavzu-yalpi-ichki-
mahsulot-reja-yaimni-hisoblash-usullari-n.html
3.
https://yuz.uz/uz/news/2023-yilda-
mamlakatning-yalpi-ichki-mahsulot
4.
Ekonometrika va statistika, O’quv qo’llanma
A. Ishnazarov, Sh.Nurullayeva 2021-yil
5.
Makroiqtisodiyot-2 I.O. Yakubov, H.A.
Hakimov Toshkent-2019
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