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Uzbekistan’s 1Q2021 share of small business in industrial production revealed

Business Materials 18 May 2021 10:30 (UTC +04:00)
Uzbekistan’s 1Q2021 share of small business in industrial production revealed

BAKU, Azerbaijan, May 18

By Klavdiya Romakayeva - Trend:

The share of small business in the total volume of industrial production in Uzbekistan in 1Q2021 amounted to 22.2 percent, Trend reports referring to the State Statistics Committee of Uzbekistan.

According to the State Statistics Committee, the largest share of small businesses in industrial production was achieved by the Jizzakh region - 49.4 percent, Samarkand region - 39.5 percent, and Namangan region - 38.8 percent.

At the same time, the smallest share in the total production volume is made by small businesses in Tashkent - 16.8 percent and Navoi - 5.1 percent regions, as well as in Karakalpakstan Republic - 14.6 percent.

Earlier it was reported that the retail trade turnover in Uzbekistan from January through March 2021 reached 46.7 trillion soums ($4.4 billion), increasing by 2.8 percent, compared to the same period in 2020. At the same time, the turnover of large enterprises amounted to 8.1 trillion soums ($768 million), increasing by 20.9 percent.

In the structure of retail trade turnover, the share of turnover of large enterprises amounted to 17.5 percent of total sales, increasing by 0.4 percent compared to February 2021. Their main dislocation was observed in Tashkent (trade turnover $398 million), Samarkand ($84 million), and Tashkent ($56 million) regions.

As for small and private trade enterprises, a shortage was recorded in 3M2021. The turnover of retail trade of small business and private entrepreneurship exceeded 34.2 trillion soums ($3.2 billion) and decreased by 0.5 percent compared to the same period in 2020. In fact, this gap is narrowing - in February it amounted to 1.4 percent.

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Follow the author on Twitter: @romakayeva

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