President: Uzbekistan’s GDP grow by 8.1% in 2014

Tashkent, Uzbekistan (UzDaily.uz) -- Gross domestic product (GDP) of Uzbekistan grew by 8.1% in 2014, the President of Uzbekistan Islam Karimov stated at the session of the Cabinet of Ministers on 16 January 2015.

He said that the volume of industrial production increased by 8.3%, agriculture production – 6.9%, construction works – 10.9% and retail trade turnover – 14.3%.

The volume of investments into economy rose by 10.9% in the reporting period. Over 73% of investments were directed to construction of production capacities, Uzbek leader said. At the same time, over 40% of investments were used to purchase equipment.

Uzbek head said that gold and currency reserves of Uzbekistan increased by US$1.6 billion in 2014.