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Economy 17/10/2008 Uzbek economy grows by 9.4% in nine months of 2008
Cabinet of Ministers of Uzbekistan
Uzbekistan’s gross domestic product (GDP) grew by 9.4% in nine months of 2008, a statement of the Cabinet of Ministers of the country said on Friday, 17 October. The Cabinet of Ministers held a session to sum up the results in nine months of 2008.

The statement said that industrial output increased by 12.4% in the reporting period and production of consumer goods rose by 18.4% in January-September. The agriculture output increased by 4.1% and rendered services up 18.5%.

High growth of the export ensured significant current account balance surplus, it added, but did not elaborate on details.

The document said that the State Budget of Uzbekistan was executed with 1.9% surplus to the GDP. The inflation rate did not exceed forecasted figure. No details have been provided.

Favorable investment climate and active realization of investment and localization programmes helped to increase investment use by 22.4%, including foreign direct investments by 33.5%. In the reporting period, over 284 new capacities were commissioned.

The statement said that the share of small businesses in the GDP of Uzbekistan grew from 43.1% in nine months of 2007 to 45.3% in the same period of 2008.

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