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Uzbekistan’s GDP grows by 8.1% in 1H
Uzbekistan’s GDP grows by 8.1% in 1H

Uzbekistan’s GDP grows by 8.1% in 1H

Tashkent, Uzbekistan (UzDaily.com) -- Gross domestic product of Uzbekistan grew by 8.1% in the first half of 2015, the session of the Cabinet of Ministers dedicated to the results of social-economic development of the country in the first six months of 2015 said on 16 July.

In the reporting period, the industrial production rose by 8.1%. The exports of Uzbekistan grew by 7.4%, which ensured positive foreign trade balance.

State budget was executed with surplus. Inflation rate did not exceed the forecasted parameters. Production of consumer goods rose by 13.5%, retail trade turnover – 14.8% and services – 13.1%.

In the first six months of 2015, Uzbekistan created 441,800 new jobs, including 274,900 or 62.2% - in rural areas.

The volume of used investments grew by 9.8% in January-June 2015, including foreign direct investments and loans – 10.9%.

Uzbekistan completed implementation of 63 investment projects under the Investment Programme for 2015. The country commissioned in 1866 production facilities and started production of 585 new types of localized products. Activation of investment processes boosted the volume of construction works by 18%.

Over 15,200 new small businesses were created in Uzbekistan in the first six months of 2015, which grew by 6.3% year-on-year. Small businesses received banking loans for 6.4 trillion soums, which rose by 1.3 times year-on-year.

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