Service sector makes biggest contribution to Uzbek GDP growth
Baku, Azerbaijan, July 17
Uzbek GDP amounted to 152.5 trillion soums in the first half of 2018, which is 4.9 percent more than in the same period of 2017, Uzbek media reported with reference to the country’s State Statistics Committee.
The GDP price deflator of January-June 2017 amounted to 135.4 percent. GDP per capita amounted to 4.6 million soums, which is 3.1 percent more than in the corresponding period last year.
The gross added value created by the sectors of the Uzbek economy amounted to 85.5 percent of the total GDP and grew by 5 percent (contribution to GDP growth was 4.4 percentage points). Net taxes on products accounted for 14.5 percent of the GDP structure and showed an increase of 4.5 percent (contribution to GDP growth was 0.5 percentage points)
The biggest contribution to GDP growth was made by the service sector (1.9 percentage points), which increased by 4.4 percent compared to January-June last year. Trade, accommodation and food services of this sector grew by 1.7 percent, transportation and storage, information and communications grew by 5.6 percent and other service industries grew by 5 percent.
Compared to the corresponding period last year, the share of agriculture, forestry and fisheries in the sectoral structure of GDP decreased by 0.5 percentage points and amounted to 16.7 percent.
The share of industry increased from 26.1 percent to 30.6 percent, while the share of construction remained at the level of the corresponding period last year and amounted to 7.4 percent.
The share of service sector in the sectoral structure of GDP was 45.3 percent, which is 4 percentage points less than in the same period last year.
(7,787.81 soums = 1 USD on July 17)