Why is this important
This enhances Uzbekistan’s position in the global precious metals market and can attract more investors to the country’s mining industry. The increase in gold production boosts exports, strengthens foreign exchange reserves, and diversifies the economy.
Key facts
- Мировая добыча золота в 2024 году составила 3 661 тонну, рост примерно на 0,5% по сравнению с предыдущим годом.
- Global gold production in 2024 amounted to 3,661 tons, an increase of approximately 0.5% compared to the previous year.
- Kazakhstan in 2024 produced 87 tons, the country took approximately 14th place.
- The leading manufacturing countries are China (380 tons), Russia (330 tons), Australia, Canada, and the USA.
Context
Gold mining remains a key sector of Uzbekistan’s economy; the largest deposit — Muruntau — has been operating for many years, supplying a significant portion of production. Despite increased output, global prices and demand for gold stay volatile: for instance, the jewellery industry has seen a decline in demand, yet consumer spending has risen. (Here, if available, it is worth updating with the latest data).
