Uzbekistan’s GDP increases by 8 percent in 2013
Tashkent, Uzbekistan, Jan. 17
By Demir Azizov- Trend:
Uzbekistan's gross domestic product increased by eight percent in 2013 compared to 2012, Uzbek President Islam Karimov said in his report at the country's government meeting that considered the results of last year's work on Jan.17.
The volume of industrial production in Uzbekistan increased by 8.8 percent, agriculture by 6.8 percent, construction work - 16.6 percent, retail trade turnover - 14.8 percent, services - 14.3 percent in 2013, according to the president.
The state budget of Uzbekistan has been executed with a surplus of 0.3 percent of GDP. Inflation has not exceeded the forecasted parameters and amounted to 6.8 percent, Karimov said.
Karimov pointed out that investment in fixed capital increased by 11.3 percent in 2013. Foreign investment volume has exceeded $3 million, over 72 percent of which fell to foreign direct investment. The implementation of 150 projects for production areas totaling approximately $2.7 billion have been completed under the investment program.
It was earlier reported that Uzbekistan's GDP increased by 8.2 percent in 2012 compared to 2011, industrial production by 7.7 percent, agriculture by seven percent, construction work - 11.5 percent, retail trade turnover - 13.9 percent, and services - 14.3 percent.
In 2013, the government forecasted GDP growth at the level of eight percent, industrial production by 8.4 percent, agriculture by six percent, and the volume of capital investments by 9.3 percent.
The official exchange rate on Jan.17 is 2203.29 soums/$1.
Translated by L.Z.
Edited by C.N.