Uzbekistan (UK: /ʊzˌbɛkɪˈstɑːn, ʌz-, -ˈstæn/, US: /ʊzˈbɛkɪstæn, -stɑːn/; Uzbek: Oʻzbekiston pronounced [ozbekiˈstɒn]), officially the Republic of Uzbekistan (Uzbek: Oʻzbekiston Respublikasi), is a landlocked country in Central Asia. The sovereign state is a secular, unitary constitutional republic, comprising 12 provinces, one autonomous republic, and a capital city. Uzbekistan is bordered by five landlocked countries: Kazakhstan to the north; Kyrgyzstan to the northeast; Tajikistan to the southeast; Afghanistan to the south; and Turkmenistan to the southwest. Along with Liechtenstein, it is one of the world’s only two doubly landlocked countries.
The Uzbek economy is in a gradual transition to the market economy, with foreign trade policy being based on import substitution. In September 2017, the country’s currency became fully convertible at market rates. Uzbekistan is a major producer and exporter of cotton. The country also operates the largest open-pit gold mine in the world. With the gigantic power-generation facilities of the Soviet era and an ample supply of natural gas, Uzbekistan has become the largest electricity producer in Central Asia. Renewable energy constitutes more than 23% of the country’s energy sector, with hydroelectricity and solar energy having 21.4% and 2% respectively. As of late 2018, the republic was given a BB- rating by both Standard and Poor (S&P) and Fitch. Strengths indicated by Brookings Institution include Uzbekistan having large liquid assets, high economic growth, and low public debt. Among the constraints holding the republic back are low GDP per capita, something the government could influence by changing how it accounts for sectors of the economy not currently included.
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