IMF: Economy of Uzbekistan is least dependent from Russia among CA states

According to the IMF, Uzbekistan in terms of exports depends on Russia by less than 3%, imports - by 10.3%, and on remittances and foreign direct investment - less than 3%.

At the same time, according to IMF, Kyrgyzstan depends from Russia over 10% on importance and remittances, 3-10% - on export and foreign direct investments, Tajikistan – over 10% on imports and remittances, less than 3% on exports, and 3-10 on direct foreign investments. Turkmenistan depends from Russia on exports by over 10% and Kazakhstan – 3-10% on exports and imports.

Uzbekistan is an only state in Central Asia, which keeps positive current account balance. In 2000-2010, the figure made up 5.1% from GDP and it will make up 0.1% in 2014 and 0.5% in 2015, the IMF said.

According to the fund, all other countries of Central Asia have negative current account balance.

IMF forecasted that real growth of GDP in Caucasus and Central Asia will make up 5.5% in 2014 and 5.6% in 2015 respectively.

The fund said that economic activity will slowdown in the region due to regional tension, related to Russia, which is one of main trade partners and source for remittances and investments, and decrease of internal demand.