Uzbekistan’s GDP makes up 580.2 trillion soums in 2020
Tashkent, Uzbekistan (UzDaily.com) -- According to preliminary estimates, in 2020, the gross domestic product of Uzbekistan at current prices made up 580.2 trillion soums and, compared to 2019, increased in real terms by 1.6%.
The GDP deflator index, in relation to the prices of 2019, was 111.9%. This was reported by the press service of the State Statistics Committee.
In 2020, GDP per capita in current prices reached 16.95 million soums (or, in equivalent, - US$1,685.5) and, compared to 2019, decreased by 0.3%.
In 2020, GDP growth slowed down to 1.6% against 5.8% in 2019 and 5.4% in 2018. At the same time, the GDP deflator index slowed down to 111.9% after 118.6% in 2019 and 127.5% in 2018.
In 2020, GDP per capita in real terms declined by 0.3% versus an increase of 3.8% in 2019 and 3.6% in 2018.
The gross value added created by all sectors of the economy amounted to 92.4% of the total GDP and increased by 1.7% (contribution to GDP growth - 1.5 percentage points). Net taxes on products in the structure of GDP amounted to 7.6% and increased by 1.4% (contribution to GDP growth - 0.1 percentage points).
The service sector did not have an impact on GDP growth (in 2019 - 2.0 p.p.), the added value of which remained almost at the level of the previous year (growth by 0.1%). Due to the increase in net taxes on products
At the end of 2020, insignificant changes were noted in the sectoral structure of GDP. Thus, the share of agriculture, forestry and fisheries in the sectoral structure of GDP increased from 28.0% to 28.2%, construction - from 6.6% to 7.0% and the service sector - from 36.1% to 36.3%, while the share of industry decreased from 29.3% to 28.5%.
In 2019, compared to 2018, there were significant shifts in the structure of GDP, characterized by a decrease in the share of agriculture, forestry and fisheries to 28.0% (in 2018 - 31.5%) and an increase in the share of industry to 29.3 % (in 2018 - 26.5%).
At the end of 2020, agriculture, forestry and fisheries showed positive growth rates at the level of 3.0%. The positive dynamics in this industry is due to an increase in crop production by 3.4% (in 2019 - an increase of 4.8%, in 2018 - a decrease by 4.2%) and livestock production - by 2.1% (in 2019 - an increase of 1.6%, in 2018 - an increase of 5.7%).
The industry has seen an increase in value added in comparable prices by 0.7%. The positive dynamics in this industry is mainly due to the growth in the added value of the manufacturing industry by 7.1% (in 2019 - by 6.6%, in 2018 - by 7.9%). The electricity, gas, steam and air conditioning industry also showed positive growth of 12.5% versus 5.1% growth in 2019 and 3.1% in 2018.
The value added in the mining and quarrying industry decreased by 21.9% (in 2019 - a decrease of 0.6%, in 2018 - an increase of 26.5%). At the same time, the decrease in the added value of this industry was mainly influenced by the decrease in natural gas production by 17.8% and gas condensate by 33.5%.
In terms of the added value of water supply, sewerage, waste collection and disposal, a decrease of 7.9% was noted (in 2019 - an increase of 2.2%, in 2018 - an increase of 11.3%).
In the period under review, the share of manufacturing in the structure of value added in the industrial sector increased to 76.5% against 69.6% in 2019. Accordingly, there was a decrease in the share of the mining industry and quarrying in the structure of value added in the industrial sector to 15.2% (in 2019 - 23.0%).
At the end of 2020, in the structure of the added value of the manufacturing industry, the largest share fell on the metallurgical and metalworking industry (except for machinery and equipment), which reached 40.5%.
The share of the production of food, beverages and tobacco products amounted to 14.5%, textiles, clothing, leather and related products - 12.7%, rubber, plastic products and other non-metallic mineral products - 8.5%, chemical products - 7.1%, vehicles, trailers, semi-trailers and other transport equipment - 5.6%, coke and petroleum products - 2.4% and other manufacturing products - 8.7%.
Compared to 2019, construction work in 2020 increased by 9.2%, while the growth rate of construction of buildings and structures was 10.9% (in 2019 - 21.1%, in 2018 -8.6%) , construction of civil facilities - 3.4% (in 2019 - 47.7%, in 2018 - 28.8%) and specialized construction works - 6.8% (in 2019 - 10.0%, in 2018 year - 39.8%).
In 2020, the volume of construction work made up 77.82 trillion soums. Large organizations account for 27.6% of the total volume of construction work, small enterprises and microfirms - 52.8%, individuals - 19.6%.
At the end of 2020, the gross value added of the service sector reached 194.36 trillion soums and, compared to 2019, increased by 0.1%. Including trade services (including repair of vehicles) grew by 1.7%, information and communication - by 15.7%. Along with this, transportation and storage services decreased by 6.7%, accommodation and meals - by 14.1%.
In 2020, in the structure of gross value added of trade (including repair of motor vehicles), the largest share fell on retail trade (excluding trade in motor vehicles) and reached 69.2% (in 2019 - 68.2%, in 2018 - 67.3 %). The share of wholesale trade (excluding trade in motor vehicles) amounted to 24.8% (in 2019 - 25.3%, in 2018 - 26.2%), wholesale and retail trade in motor vehicles and their repairs - 6.0% (in 2019 - 6.5%, in 2018 - 6.5%).
In 2020, in the structure of gross value added in the transportation and storage industry, the largest share fell on road transport - 58.9% (in 2019 - 52.6%, in 2018 - 55.5%). Pipeline transport accounted for 16.2% (in 2019 - 18.3%, in 2018 - 15.0%), rail transport - 13.1% (in 2019 - 11.9%, in 2018 - 11, 8%), auxiliary transport activities - 8.8% (in 2019 - 11.1%, in 2018 - 11.4%), air transport - 3.0% (in 2019 - 6.1%, in 2018 - 6.3%) of the total value added of this industry.
In 2020, the share of information and communication in the country's economy was 1.6% (in 2019 - 1.6%). In the structure of the added value of this industry, the main share was accounted for by telecommunications services (wire and mobile communications, the Internet, etc.) and amounted to 75.1% (in 2019 - 76.5%). The remaining 24.9% of the added value (in 2019 - 23.5%) created in this industry falls on other areas (publishing, computer programming, programming and broadcasting, etc.).
By the end of 2020, small businesses (businesses) created added value in the amount of 288,608.3 billion soums. At the same time, the share of agriculture, forestry and fisheries in the total GVA of small business (business) amounted to 50.9%, industry - 12.8%, construction - 9.9% and services - 26.4%.
In 2020, 93.2 thousand new small enterprises and microfirms were created in the republic (excluding dekhkans and farms). The largest number of them was created in trade (38.8%), industry (19.9%), agriculture, forestry and fisheries 6.6.1%), construction (6.4%), residential services and food (6.0%), transportation and storage (2.6%).
In 2020, the GDP deflator index was 111.9% in relation to the prices of 2019. The highest values of indices - deflators in the context of industries were noted in trade, accommodation and food services - 114.3%, agriculture, forestry and fisheries - 112.7%, construction - 112.2% and other service industries - 119.0 %.
Indices - deflators are lower than, in general, in the economy (111.9%) were observed in industry - 111.5%, transportation and storage, information and communications - 107.5%. At the same time, the deflator index of net taxes on products was 96.7%.