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Economy 16/04/2011 Government sums up results of social-economic development for 1Q
Government sums up results of social-economic development for 1Q
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan held a session on 15 April 2011, which summed up results of social-economic development of the country in the first quarter of 2011.

The session said that the gross domestic product of Uzbekistan grew by 7.6% in the first quarter of 2011, industrial output – 6.2%, consumer goods production – 10.3%, agricultural output – 5.8% and retail trade turnover – 13.1% and services – 12.6%.

State Budget of Uzbekistan has been implemented with 0.3% surplus to GDP in the first quarter in 2011. The inflation level did not exceed forecast parameter.

The exports of Uzbekistan rose by 28.5% in the first quarter of 2011 due to support of exporters, diversification of export structure and increasing competiveness of goods. Current trade surplus was also significant.

Uzbekistan commissioned 145 new production capacities in the reporting period. The country continues to implement about 818 investment projects on modernization and re-equipment of production capacities.

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