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Economy 17/10/2009 Cabinet says Uzbek economy grows by 8% in Jan-Sep
Cabinet of Ministers of Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- Gross domestic product (GDP) of Uzbekistan increased by 8% in nine months of 2009, the session of the Cabinet of Ministers said on 16 October.

The industrial output increased by 9.1%, agricultural production grew by 3.3%, services sector expanded by 15.8% and construction works increased by 33.5% in January-September 2009.

The state budget was implemented with a surplus of 0.2% to the GDP and the inflation level did not exceed the forecast parameters, the session noted. The consumer goods production rose by 13.7% in the reporting period.

The active investment policy and the speed-up of the most important projects have led to increase of the capital investments by 28.3%, including 2.1 times growth of foreign direct investments.

The measures of stimulation of the local producers like additional tax and customs preferences and expansion of the preferential crediting have resulted in growth of the consumer goods production by 13.7%.

In the framework of the industrial localization program, production of more than 100 new types of production was launched and the volumes of production of localized goods increased twice, with sales of localized production reaching US$2.6 billion.

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