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Economy 17/07/2012 Economy of Uzbekistan grows by 8.1% in 1H
Economy of Uzbekistan grows by 8.1% in 1H
Tashkent, Uzbekistan (UzDaily.com) -- The gross domestic product (GDP) of Uzbekistan grew by 8.1% year-on-year in January-June 2012. This was announced at the session of the Cabinet of Ministers of Uzbekistan.

The growth of industrial output made up 7% and agriculture production – 7.1%, construction works – 8.6%. The investments to fixed capital made up 7.6%.

State budget was executed with 0.2% surplus to the GDP. Inflation rate did not exceed forecasted parameter.

The session said that production of consumer goods rose 7.7% and localized goods – by 25.7%, retail trade turnover – by 12.5% and services – by 14%.

Share of services in GDP grew from 52.2% in the first half of 2012 against 48.3% in the same period of 2011.

Within the state programme “The Year of Family”, some 1.1 trillion soums were used due to all sources.

It was noted that the volume of exports increased by 18.8% in the reporting period and the country achieved significant current foreign trade surplus.

The session noted that Uzbekistan created 510,500 new jobs, of which 345,000 or about 68% were created in rural areas.

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