2194 The Impact of the Digitalization Process and Investment on the Structural Changes of the Economy


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Saidjon Khayitov, T-The Impact of the Digitalization Process and Investment on the Structural Changes of the Economy

4. Analysis аnd Results 
The main indicator of the level of development of the digital economy is the share of the 
digital economy in GDP. The increase in this share of GDP indicates the expansion of the digital 
economy in the country. Significant changes have taken place in Uzbekistan due to the intensification 
of efforts to develop the digital economy. The gross value added of the information and 


ISSN: 2237-0722
Vol. 11 No. 4 (2021)
Received: 28.05.2021 – Accepted: 25.06.2021 
2200
 
communication services sector has doubled from 4.4 trillion UZS in 2016 to 8.8 trillion UZS in 2020 
soums. In the medium term, this figure has always been on the rise. The figure was 5.7 trillion UZS in 
2017, 7.0 trillion UZS in 2018 and 7.4 trillion UZS in 2018. (Table 1). 
Table 1 - Dynamics of Growth of the Volume of Services in the Field of “Information and Communication” in Gross Value 
Added (Trillion UZS) 
2016 
2017 
2018 
2019 
2020 
GDP 
242,5 
302,5 
406,6 
510,1 
580,2 
Gross value added in industry 
220,1 
267,7 
361,1 
464,9 
535,8 
Gross value added in the field of 
“information and communication” 
4,4 
5,7 
7,0 
7,4 
8,8 
[Source: www.stat.uz Author’s work based on the official website of the State Statistics 
Committee of the Republic of Uzbekistan] 
During this period, the gross value added of the industry increased almost 2.5 times. That’s 
220.1 trillion UZS in 2016, 535.8 trillion UZS in 2020. In the interim period, this figure also grew 
steadily. In 2017, 267.7 trillion UZS, in 2018 361.1 trillion. UZS and 464.9 trillion UZS in 2019. 
During this period, the gross domestic product also grew steadily due to the growth of its 
components. GDP will also increase by almost 2.5 times in 2020 compared to 2016. That’s 242.5 
trillion UZS at the beginning of the period. 580.2 trillion UZS at the end of the period. 
Figure 2 - Growth Dynamics of the Volume of Services Provided by Type of Economic Activity “Information and 
Communication” (Trillion UZS). 
[Source: www.stat.uz Author’s work based on the official website of the State Statistics 
Committee of the Republic of Uzbekistan] 



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