DYNAMICS OF THE REDUCTION OF THE SHADOW ECONOMY IN UZBEKISTAN
DOI:
https://doi.org/10.55640/Keywords:
Shadow economy, informal economy, economic transparency, tax reforms, digitalization, financial inclusion, economic reforms, Uzbekistan economy, institutional reforms, economic development.Abstract
This article examines the dynamics of the reduction of the shadow economy in Uzbekistan and analyzes the key factors influencing its gradual decline in recent years. The study focuses on the economic reforms implemented by the government aimed at improving transparency, strengthening tax administration, promoting digitalization, and expanding financial inclusion. Particular attention is paid to the role of institutional reforms, the simplification of tax systems, the development of electronic payment systems, and the introduction of modern financial technologies in reducing informal economic activities. The research also evaluates statistical trends reflecting the decreasing share of the shadow economy in the national economy and identifies the main challenges that still hinder its complete formalization. The findings indicate that consistent economic reforms, digital transformation, and improved regulatory frameworks contribute significantly to limiting the scale of the shadow economy and increasing the efficiency of economic management. The article concludes with recommendations aimed at further reducing informal economic activities and strengthening sustainable economic development in Uzbekistan.References
1.Schneider, F., & Medina, L. (2023). Shadow Economies Around the World: What Did We Learn Over the Last 20 Years? International Monetary Fund Working Paper. Washington, DC.
2.Ministry of Economy and Finance of the Republic of Uzbekistan. (2024). Main indicators of the development of the economy of Uzbekistan. Tashkent.
3.State Committee for Statistics of the Republic of Uzbekistan. (2023). Statistical collection on the socio-economic development of the Republic of Uzbekistan. Tashkent.
4.Khodiev, B.Y., Shodmonov, Sh.Sh., & Berkinov, B.B. (2023). National economy. Tashkent: Economics Publishing House.
5.Rasulov, A., & Karimov, M. (2022). Trends in the reduction of the shadow economy in Uzbekistan. Scientific electronic journal of economics and innovative technologies, 6, 45–53.
6.Nozimov, E. (2025). RISK ASSESSMENT AND MANAGEMENT MECHANISMS IN INSURANCE ACTIVITIES. SHOKH LIBRARY, 1(13).
7.Abdullayeva, Z., & Tursunov, B. (2023). Mechanisms for combating the shadow economy in the digital economy. Journal of Finance and Banking, 4(2), 78–86.
8.Yuldashev, A., & Mamatkulov, O. (2024). Tax reforms in Uzbekistan and the reduction of the share of the shadow economy. Economics and Education, 2, 112–118.
9.Nozimov, E. (2025). ANALYSIS OF THE RATIO OF INSURANCE PREMIUMS TO CLAIMS: BASED ON PRACTICAL EXAMPLES. Bulletin news in New Science Society, 2(12), 194-200.
10.Tashpulatov, S., & Ergashev, I. (2023). Digitalization processes and increasing economic transparency. Journal of Innovative Economics, 3, 60–67.
11.Nurmatov, D., & Ismailov, A. (2022). Legalization of small business activities and problems of the shadow economy. Business Expert Journal, 5, 34–40.
12.Kadyrov, R., & Saidov, N. (2024). Economic reforms in Uzbekistan and prospects for reducing the informal sector. New Uzbekistan Economic Review, 1, 25–33.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
