The role of agriculture in shaping the prospects of socio-economic development of Uzbekistan

Abstract

The role of agriculture in ensuring food security, creating jobs, and generating export earnings makes it particularly relevant to analyse the impact of this sector on the socio-economic development of the country. The research aims to analyse and assess the impact of agriculture on the socio-economic development of Uzbekistan. To achieve the goal, the indicators of the agricultural sector and socio-economic development from 2013 to 2022 were analysed. It is established that the natural resources of Uzbekistan play a crucial role in the development of agriculture. The analysis of diversified trends in agriculture emphasises the key role of this sector in the socio-economic progress of the country. Despite the variability, the growth in the share of agricultural land and rural population indicates the still high importance of agriculture. However, the decline in value added in the agricultural, forestry and fisheries sectors, as well as the low growth rate of cereal yields, reflects the current challenges in this area. Rising unemployment rates, as well as changes in exports and inflation rates, point to difficulties in the socio-economic environment. In this light, the prospects for agricultural development as a key agent in improving the socio-economic situation are particularly important. Effective resource management, productivity improvement, job generation, product promotion and expansion of production are all important areas for future development. A strategic approach to agricultural development requires the implementation of complementary measures such as public financial support, mobilisation of investment, use of evaluation ratings and improved public policies. The findings of the study can be used to adapt public policies and programmes in the agricultural sector, as well as to identify priority areas for investment and resources for sustainable economic development.