Uzbekistan’s GDP increases by 7.5% in 1Q
24/04/2015 19:26
Uzbekistan’s GDP increases by 7.5% in 1Q
24/04/2015 19:26
Tashkent, Uzbekistan (UzDaily.com) -- Gross domestic product (GDP) of Uzbekistan grew by 7.5% in January-March 2015, a session of the Cabinet of Ministers, dedicated to the results of social-economic development of Uzbekistan in the first quarter of 2015, said on 24 April 2015.
Uzbekistan’s industrial output rose by 7.9% in the reporting period, while agriculture production increased by 6.3%.
State budget was executed with 0.1% surplus to the GDP in the first quarter of 2015. The inflation level did not exceed the set forecasted volume.
In the first quarter of 2015, Uzbekistan increased production of consumer goods by 11.2%. The retail trade rose by 15.2% and paid services – 13.1% in the reporting period.
Share of services in the GDP of Uzbekistan rose from 52.9% in the first quarter of 2014 to 53.2% in the same period of 2015.
Uzbekistan created over 141,000 new jobs in the first quarter of 2015, of which over 88,000 or 62.6% of them were created in rural areas.
Within the state programme “The Year of attention and care of elder generation”, about 593 billion soums were directed due to all sources to implement measures of the programme.
The volume of used investments grew by 8.7% due to active investment policy and adopted measures to speed up modernization and reconstruction of industrial capacities, including foreign direct investments – 10%.
Within the investment programme for 2015, Uzbekistan started to implement 53 new investment projects worth over US$4.8 billion.
Within the reporting period, Uzbekistan started to produce 430 new localized products. The growth of construction works made up 18.9%.
The session noted that some 8,000 new small businesses were created in January-March 2015. The small businesses got loans for over 2.8 trillion soums in the first quarter of 2015, which rose 1.3 times compared to the same period of 2014.
The private owners purchased 55 state assets for 28.3 billion soums, while 13 objects were realized on zero redemption price to investors under investment obligations for 9.7 billion soums.
$ 1 | 12570.00 | +0.024% |
1 | 13698.79 | -0.378% |
₽ 1 | 136.91 | -0.270% |