Overview of Finance and Insurance Business Entities in Uzbekistan
Finance and Insurance Businesses in Uzbekistan are experiencing steady growth, reflecting the expanding economic landscape of the country. As highlighted in the latest report from the Statistics Agency under the President of the Republic of Uzbekistan, there are currently 2,744 business entities actively operating in this sector as of July 1, 2024.
Regional Distribution of Financial and Insurance Businesses
Here’s a detailed breakdown of how these businesses are distributed across various regions:
Key Cities and Regions
- Tashkent City: The capital city leads the nation with 1,248 business entities, accounting for a significant share of financial and insurance activities.
- Samarkand Region: Home to 208 businesses, Samarkand holds a vital position as a regional hub for financial and insurance services.
- Fergana Region: With 195 entities, this region is an essential contributor to the sector’s overall presence.
- Tashkent Region: Another key area with 165 business entities contributing to the financial landscape.
Other Important Regions
- Andijan Region: Hosts 144 businesses, reflecting a growing market.
- Bukhara Region: With 142 entities, Bukhara remains an active participant in the finance and insurance field.
- Namangan Region: Has 131 businesses serving local financial needs.
- Kashkadarya Region: 115 business entities are operational here, strengthening the region’s economy.
- Republic of Karakalpakstan: This autonomous region supports 97 businesses in the sector.
- Khorezm Region: With 79 business entities, Khorezm contributes steadily to the national economy.
- Navoi Region: 65 entities are involved in the finance and insurance industry.
- Syrdarya Region: Houses 62 businesses, reflecting moderate growth.
- Jizzakh Region: With 50 business entities, Jizzakh maintains a stable presence.
- Surkhandarya Region: The southern region supports 43 businesses, indicating room for growth.
Insights and Analysis
The concentration of businesses in Tashkent City highlights its role as the financial heart of Uzbekistan, followed by regions like Samarkand and Fergana. The relatively smaller numbers in regions like Surkhandarya and Jizzakh suggest these areas have growth potential as Uzbekistan continues its economic reforms and market expansion.
This data indicates that Uzbekistan’s financial and insurance sectors are not only concentrated in major urban centers but also spread across diverse regions, offering opportunities for further investment and development.
Reference
For more details, please refer to the official statistics at www.stat.uz.
