The average growth rate of the global economy has slowed down already before the start of the COVID-19 pandemic in 2020. The pandemic has caused a decline in production, a slowdown in economic growth and has had a massive impact on working times and incomes. In 2020, 8.8 percent of global working hours were lost compared to the figure for the fourth quarter of 2019, which is equivalent to 255 million full-time jobs and approximately four times greater than the hours lost during the global financial crisis in 2009. Young people and women in the workforce were hit particularly hard by the crisis in the labour market. The global economy is gradually recovering, although activity may remain below pre-pandemic levels for a prolonged period.
Before the onset of the pandemic, informal employment accounted for 60.2 percent of global employment, equivalent to 2 billion people with informal jobs characterized by a lack of basic protection, including social protection coverage. More than three quarters, 1.6 billion informal workers, were significantly affected by the pandemic-related lockdown measures or were working in the sectors hardest hit.
Achieving this goal by 2030 is not only providing the entire able-bodied population with decent work that brings sufficient income, but also a guarantee of safety in the workplace, social protection of families, the possibility of personal development and integration into society.
The economic development of Uzbekistan for the period up to 2030 provides for the provision of sustainable economic growth in accordance with the definitions and characteristics of this concept adopted in international practice. The targets for the economic development of Uzbekistan for the period up to 2030 provide for an increase in the gross domestic product by at least 2 times by 2030 on the basis of increasing the competitiveness of the national economy, which will be achieved primarily by increasing productive employment.
Increasing the country's well-being will largely depend on the country's ability to create favorable conditions for the growth of sustainable employment. In 2020, the number of economically active population in Uzbekistan amounted to 14.797 million people (43.2 percent of the total population). The number of employed people in the economy in 2020 amounted to 13.236 million people and increased by 2.3 percent, compared with 2019. At the end of 2020, the overall unemployment rate was 10.5 percent. At the same time, the issue of low economic activity of the population, widespread informal employment, high unemployment among vulnerable segments of the population, and low qualification of the labor force remain unresolved. So, the youth unemployment rate was about 24.1 percent. Only 66.6 percent of women of working age were economically active, while among men 80.5 percent of the population were economically active.
An important component of Uzbekistan's entry into the composition of upper middle-income countries by 2030 is the creation of jobs with high added value, based on improving the business climate and increasing labor productivity. To achieve this goal, the government implements a policy aimed at deepening structural transformations, based on an active investment policy by expanding the potential of attracted external and internal investments aimed at creating new industries, technical modernization of existing ones, development of infrastructure and support for innovation.
Target 8.1. By 2030, ensure significant increase of the gross domestic product per capita.
Target 8.2. Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors.
Target 8.3. Create favourable conditions to provide decent jobs and expand productive employment of the population, especially youth and people with disabilities, by implementing active and passive labour market policies, protecting private property, and supporting and removing the barriers for accelerated development of small and large businesses and private entrepreneurship.
Target 8.4. Improve progressively, throughout2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-Year Framework of Programmes on Sustainable Consumption and Production.
Target 8.5. By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.
Target 8.6. By 2020, substantially reduce the proportion of youth not in employment, education or training.
Target 8.7. Strengthen the control and monitoring to prevent the worst forms of child and forced labour.
Target 8.8. Protect labour rights and promote safe and secure working environments for all workers.
Target 8.9. By 2030, devise sustainable tourism development that creates new jobs and increases demand for local products.
Target 8.10. Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all.
Target 8.b. By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization (adopted on 1 9.07.2009 at the International Labour Conference).
|1||Indicator 8.1.1. Annual growth rate of real GDP per capita. 1)||2,4||2,9||2,7||3,0||6,2||5,7||6,1||7,9||7,3||6,2||4,1||4,7||5,5||5,6||5,1||5,4||4,1||2,7||3,5||3,7||-0,1|
|2||Indicator 8.2.1. Annual growth rate of real GDP per employee. 1)||2,7||2,4||1,8||1,4||4,0||4,0||4,7||6,7||6,1||5,3||4,3||4,9||4,4||4,7||4,4||5,2||4,0||2,7||7,3||3,6||4,2|
|3||Indicator 22.214.171.124. Percentage of informal employment in non-agricultural sectors by gender. 13)|
|4||Indicator 8.5.1. Percentage of the difference between the average monthly wage of male and female employees to the average monthly wage of male. 3)||-||-||-||-||-||-||-||-||-||-||-||-||37,8||37,8||36,7||36,0||34,5||34,6||38,6||36,2||37,5|
|5||Indicator 8.5.2. Unemployment rate by sex. 5)|
|Republic of Karakalpakstan||1,7||1,7||1,5||1,1||1,0||1,0||0,8||7,0||7,0||6,9||7,4||6,6||6,4||6,2||5,4||5,3||5,4||6,0||9,5||9,1||10,5|
|6||Indicator 8.6.1. Proportion of youth (aged 16 to 24 years) not in education or employment. 1)||-||51,6||47,4||45,3||46,7||42,6||34,3||25,4||17,2||19,2||19,3||19,7||18,1||17,6||21,0||21,4||21,2||22,6||23,8||25,9||30,5|
|7||Indicator 8.8.1. Work-related injuries disaggregated by sex. 6)|
|8||Indicator 126.96.36.199. Percentage of enterprises that have entered into collective bargaining agreements in accordance with ILO Conventions.||53,5||50,7||59,5||70,0||75,3||83,1||84,7||87,5||87,6||87,9||90,1||94,5||95,8||96,3||98,1||99,3||95,2||98,5||98,9||99,1||99,6|
|9||Indicator 8.9.1. Tourism direct GDP as a percentage of total GDP. 1)||-||-||-||-||-||-||-||-||-||-||-||-||-||-||2,2||2,1||2||2,2||2,4||2,6||0,4|
|10||Indicator 188.8.131.52. Number of commercial bank branches per 100,000 adults.||-||-||-||-||-||-||-||-||-||-||-||-||11,5||14,8||10,3||9,5||8,7||8,1||7,9||5,7||8,5|
|11||Indicator 184.108.40.206. The number of household deposits in banks per 100,000 adults.||-||-||-||-||24 494||30 916||32 649||37 644||44 625||45 129||49 650||46 992||47 974||57 917||69 310||76 714||86 685||100 409||92 912||71 358||114 403|
1) For individual years, the data have been recalculated
3) Without small businesses and microfirms
5) 2000-2006. officially recognized unemployment rate
6) Without small enterprises and microfirms (in the industries, construction, transport and communications), since 2016. by type of economic activity industry, construction, communications, transportation and storage