Services sector makes largest input in Uzbekistan's GDP growth
Baku, Azerbaijan, Oct. 17
By Fikret Dolukhanov – Trend:
In January-September 2018, Uzbekistan’s GDP in current prices amounted to 244,343.7 billion soums, which is 5.2 percent more compared to the same period last year, the State Statistics Committee of Uzbekistan said in a report.
GDP per capita amounted to 7,433,000 soums, which is 3.5 percent more than a year before.
The index deflator of GDP in relation to prices in January-September 2017 amounted to 131.6 percent.
The economic growth rate is caused by the positive dynamics in the main sectors of the economy. Gross value added (GVA), created by all sectors of the economy, accounted for 86.3 percent of total GDP and increased by 5.3 percent (contribution to GDP growth was 4.6 percentage points). Net taxes on products amounted to 13.7 percent in the structure of GDP and showed an increase of 4.5 percent (contribution to GDP growth – 0.6 pp).
The largest contribution to GDP growth was made by the services sector (2.5 pp), which grew by 6.0 percent compared to January-September 2017. Trade services (including repair of vehicles) increased by 3.9 percent, accommodation and food services - by 5.6 percent, transportation and storage - by 3.9 percent, information and communication - by 17.0 percent and other services - by 6.4 percent.
The value added in industry increased by 6.3 percent. A positive contribution to GDP growth from industrial production is estimated at 1.4 pp.
Positive dynamics in the industry was caused by the growth of the value added of the mining industry and development of quarries - by 28.5 percent, the manufacturing industry - by 2.4 percent and other industries - by 2.0 percent.
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