Over 26,000 new small businesses created in Uzbekistan in 2014

In January-December 2014, small business entities produced 56.1% of the total GDP which is 0,3 percentage points more than in January-December 2013.

In January-December 2014 small business entities employed 9.897 million persons (77.2% of total persons employed in the economy), including 7.58 million persons of the individual sector and 2.317 million persons of small enterprises and microfirms.

The number of persons engaged in the private sector of small business was 9.078 million or 91.7% of total employment in the sphere of small business.

The small businesses produced industrial output to the amount of 23.967 trillion soums (31.9% of total industrial production) in 2014, or grew by 17.6% year-on-year.

The sector utilized 11.716 trillion soums of investments (34.8% of total utilized investments) in 2014. The growth rate made up 13.4% year-on-year.

The small business entities executed construction works for 13.897 trillion soums (70.3% of total construction works), which grew by 15.5% year-on-year.

The sector ensured the growth of freight turnover of motor transport by 8.6% (83.4% of total freight turnover) and passenger turnover by 7.8% (88.7% of total passenger turnover).

They formed 45.4% (26.609 trillion soums) of total retail trade turnover (the growth by 12.2%) and 48.5% (11.004 trillion soums) of total paid services (the growth by 16.9%).

The small businesses exported products (goods and services) worth US$3.662 billion (26% of total exports), imported products (goods and services) for US$6,329 billion (45.3% of total imports).