Economy of Uzbekistan grows by 8% in 1H 2011

As reported earlier, the growth of economy of Uzbekistan made up 8% in January-June 2010.

Uzbekistan’s industrial output rose by 6.8% (8% in 1H 2010) in the first six months of 2011, consumer goods production – 12.3% (11.8%) and agriculture production – 6.7% (6.9%).

The volume of investments in US dollar equivalent grew by 7.8% (8.4%), retail trade turnover – 14.6% (10.3%) and paid services – 14% (12%).

Foreign trade turnover of Uzbekistan rose by 20.9% (0.7%), while exports increased by 18.7% (12.6%) and imports – by 24.3% (-13.6%). Current foreign trade balance reached US$2.4 billion.