Tashkent, Uzbekistan, Jan. 17
By Demir Azizov- Trend:
Uzbekistan's GDP increased by 8.1 percent in 2014 compared with 2013, the President of Uzbekistan Islam Karimov said Jan.16 at a meeting of the Cabinet of Ministers on the results of the work for 2014.
"Despite the negative impact of the ongoing global financial and economic crisis, the slowdown of the global economy and deepening of processes of stagnation and recession in many countries, in Uzbekistan as a result of deliberate and systematic implementation of the most important priorities of economic program for 2014, consistently high rates of economic growth and its leading branches were achieved," said the president.
Industrial production increased by 8.3 percent, agricultural production by 6.9 percent, construction by 10.9 percent, retail trade turnover by 14.3 percent during the reported period.
The state budget was implemented with the surplus of 0.2 percent of GDP.
The inflation level was 6.1 percent, which is considerably lower than the forecasted parameters.
Total volume of investments increased by 10.9 percent and amounted to $14.6 billion.
Some 154 large facilities worth $4.2 billion were commissioned in the leading sectors of the economy.
The foreign trade balance was determined with a surplus of $180 million, foreign exchange reserves rose by $1.6 billion.
In early 2014, the government plans to ensure the GDP growth by 8.1 percent, industrial production by 8.3 percent, agriculture 6 percent and to increase capital investment by 9.5 percent. The inflation is planned to be kept in 6 to 7 percent.
In 2013, Uzbek GDP grew by 8 percent compared to 2012.