Published January 11, 2026 | Version v1

DEVELOPMENT OF THE SOCIO-ECONOMIC ROLE OF SERVICE INDUSTRIES AND THEIR IMPACT ON THE STANDARD OF LIVING OF THE POPULATION

  • 1. Head of the finance department of "Samglass" LLC

Description

This article examines the service sector as an important factor in ensuring employment, sustainable economic growth, and improving living standards in the country. The study's results show that the service sector's share of GDP does not meet current global standards, and is significantly lower than in economically developed countries. However, the service sector is currently developing at a relatively rapid pace in Uzbekistan.

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References

  • 1. Fact-checking: Is a high share of services in the economy bad?https://www.hse.ru/expertise/news/957001943.html.