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Economy 29/11/2012 Small businesses produce 51% of Uzbekistan’s GDP
Small businesses produce 51% of Uzbekistan’s GDP
Tashkent, Uzbekistan (UzDaily.com) -- The share of small business in the total volume of Uzbekistan’s GDP made up 51% in January-September 2012, which is 0.5 percentage points more than in January-September 2011.

State Statistics Committee of Uzbekistan said that t the share of small enterprises and microfirms in the GDP production was 28.3% in January-September 2012 versus 27.9% in January-September 2011.

In January-September 2012, small business entities provided employment to 9.219 million persons (75.5% of total persons employed in the economy), including 6.839 million persons of the individual sector and 2.38 million persons of small enterprises and microfirms.

The number of persons engaged in the private sector of small business was 8.378 million or 90.9% of total employment in the sphere of small business.

The small businesses produced industrial products for 7.837 trillion soums (21.4% of total industrial production), which grew by 15.5% year-on-year.

The sector utilized 5.39 trillion soums of investments (35.2% of total utilized investments), which rose 30.3% year-on-year.

Small businesses executed construction works worth 5.673 trillion soums (71.8% of total construction works) or 12,7% more year-on-year.

The sector ensured the growth of freight turnover of motor transport by 9.2% (79.5% of total freight turnover) and passenger turnover - by 9.1% (85.9% of total passenger turnover).

The small enterprises formed 45.2% (11.808 trillion soums) of total retail trade turnover (the growth by 9.2%), 43.5% (4.186 trillion soums) of total paid services (the growth by 10.3%).

The sector exported goods for US$1.652 billion (15.5% of total exports), which fell by 9.7% year on year and imported goods worth US$3.057 billion (35.1% of total imports), which rose by 23.8% year-on-year.

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