Share of small businesses in GDP of Uzbekistan hit 56%
18/01/2014 10:29
President of Uzbekistan Islam Karimov
18/01/2014 10:29
Tashkent, Uzbekistan (UzDaily.com) -- Share of small businesses in the gross domestic product (GDP) of Uzbekistan grew from 31% in 2000 to 55.8% in 2013, the President of Uzbekistan Islam Karimov said at the session of the Cabinet of Ministers of Uzbekistan on 17 January 2014.
The session summed up results of social-economic development of Uzbekistan for 2013 and approved main priorities of economic programmes for 2014.
Speaking at the session, Islam Karimov said that small businesses and private entrepreneurship is taking more important role in the economy of Uzbekistan. Last year, over 26,000 small businesses were opened and their total number of existing enterprises in the sector made up 190,000 units as of the end of 2013.
Uzbek President stated that the share of the sector produced about 55.8% of the gross domestic product (GDP) against 31% in 2000.
President Islam Karimov the small businesses currently account about 23% of industrial production, almost all volume of market services, 18% of exports. About 75% of all employed in economy work in small business sector.
He said that despite its small forms, the sector plays great role in sustainable development of Uzbek economy, solving problems with employment and growth of well-being of population.
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