Salary dynamics by industry in the 2Q 2023

According to statistics of the Republic of Uzbekistan, presented on a graph, in the 2nd quarter of 2023 nominal average monthly wages growth rate was the highest in Financial and insurance industry, HoReCa and Production. The highest average wage, according to official data, is in Financial industry and it continues to grow at a double-digit pace. Interestingly, IT industry did not grow compared to the 1st qurter.

Comparison of industries in Uzbekistan by nominal average wages in the 2nd quarter of 2023 and growth rates compared to the previous quarter

 

Source: Aggregated market data