Baku, Azerbaijan, Jan.12
By Nigar Guliyeva – Trend:
The GDP of Uzbekistan for 2017 in current prices was 249.136 trillion soums in 2017 and grew by 5.3 percent compared to 2016, according to preliminary data, the State Statistics Committee of Uzbekistan said in a message.
The index-deflator of GDP in relation to the prices of 2016 amounted to 118.9 percent.
In late 2017, GDP per capita amounted to 7,692 soums, which is 3.6 percent more than last year.
The State Statistics Committee notes that the pace of economic growth is due to the positive growth rates of the main sectors of the national economy.
"Gross value added (GVA), created by all sectors of the national economy, accounted for 89.8 percent of total GDP and grew by 5.3 percent (contribution to GDP growth - 4.8 percentage points)," the report said.
In terms of indicators, the largest contribution to GDP growth was made by the services sector, which increased by 6.9 percent compared to the previous year. The trade sector, including accommodation and food services, grew by 3.9 percent (share in the GDP structure - 11.5 percent), transportation and storage, information and communication - by 8.9 percent (11.0 percent) and other services - by 7.3 percent (24.8 percent).
"The added value of industry showed an increase of 4.6 percent, which was 26.7 percent in the GDP structure, and a positive contribution to GDP growth from industrial production is estimated at 1.1 percentage points. The growth in the industry as a whole is provided by growth in the value added of the mining industry and quarrying (114.6 percent) and manufacturing (102.8 percent)," the report said.
Last year, there was a positive growth rate in agriculture, forestry and fisheries at 2 percent. The share of this industry was 19.2 percent in the sectoral structure of GDP. The share of the primary sector (agriculture, forestry and fisheries) in the GDP structure increased from 18.1 percent in 2016 to 19.2 percent in 2017, the secondary sector (industry and construction) from 32.9 percent up to 33.5 percent and the share of the tertiary sector (service sector) in the GDP structure decreased from 49 percent to 47.3 percent.
In 2017, 81 percent of the total volume in the structure of GDP falls to the non-state sector of the economy, 19 percent to the state sector.
The Central Bank of Uzbekistan expects the rate of economic growth at the level of 5.5 - 6 percent in 2018.
The official exchange rate for Jan. 12 is 8139 UZS / USD