Uzbekistan increases total income of population
Tashkent, Uzbekistan, Jan. 14
By Mammad Dashdemirov – Trend:
The total income of the population increased by 10.3 percent and amounted to 186.2 trillion soums in Uzbekistan in 2017 compared to 2016, the Uzbek State Statistics Committee told Trend.
Income per capita increased from 4.6 million soums in 2016 to 5.8 million soums in 2017, the committee said.
Average income per capita was observed in Tashkent city - 12.7 million soums, Navoi - 9.1 million soums, Bukhara - 6.7 million soums, Tashkent region - 6.1 million soums and Sirdarya region - 5.8 million soums. The income of hired workers increased by 12.8 percent in 2017.
Inflation reached 14.4 percent in the Uzbek consumer sector in 2017. In particular, food prices increased by 15.9 percent, non-food items - by 16.1 percent, services - by 8.6 percent.
According to the experts, the devaluation of the national currency by almost twofold in September 2017 as part of the liberalization of the currency market and an increase in gasoline prices by 1.4 times in November 2017 were the main factors of inflationary processes in 2017.
The average tax rate on individuals’ income has reduced from 17 percent to 16.5 percent, the maximum rate - from 23 percent to 22.5 percent in Uzbekistan since 2018. At the same time, the minimum rate for this tax remained at the same level - 7.5 percent.
(8.139 UZS = $1 on Jan. 14)