GDP of Uzbekistan at current prices amounted to 734.58 trillion soums in 2021
Tashkent, Uzbekistan (UzDaily.com) -- In accordance with a preliminary estimate, in 2021, the GDP of Uzbekistan at current prices amounted to 734.58 trillion soums and, compared to 2020, increased in real terms by 7.4%. The GDP deflator index, in relation to 2020 prices, amounted to 113.6%, the State Statistics Committee of Uzbekistan said.
In 2021, GDP per capita at current prices amounted to 21.04 million soums (or, equivalently, US$1,983) and, compared to 2020, increased by 5.3%.
At the end of 2021, in the structure of produced GDP, the gross value added of the production of goods amounted to 418.93 trillion soums, the service sector – 262.49 trillion soums, and net taxes on products – 53.16 trillion soums.
When calculated in US dollars at the average exchange rate for the reporting period, nominal GDP amounted to US$69.23 billion (for 2020 – US$59.88 billion).
In 2021, GDP growth accelerated to 7.4% against 1.9% in 2020 and 5.7% in 2019. At the same time, the GDP deflator index increased to 113.6% after 111.6% in 2020 and 117.9% in 2019.
In 2021, GDP per capita growth in real terms amounted to 5.3% against a decrease of 0.1% in 2020 and an increase of 3.7% in 2019.
Gross value added created by all sectors of the economy amounted to 92.8% of the total GDP and increased by 7.5% (contribution to GDP growth - 6.9 percentage points). Net taxes on products in the structure of GDP amounted to 7.2% and, compared to 2020, increased by 6.7% (contribution to GDP growth - 0.5 p.p.).
A positive contribution to GDP growth was made by the sectors of agriculture, forestry and fisheries - 1.0 p.p. (in 2020 - 0.7 p.p.), industry - 2.2 p.p. (in 2020 - 0.2 p.p.), construction - 0.4 p.p. (in 2020 - 0.6 p.p.) and services - 3.3 p.p. (in 2020 - 0.3 p.p.). Due to the growth of net taxes on products, GDP increased by 0.5 p.p. (in 2020 - 0.1 p.p.).
At the end of 2021, slight change where noted in the sectoral structure of GDP. Thus, the share of industry in the sectoral structure of GDP (GVA) increased from 27.5% to 27.8%, while the share of agriculture, forestry and fisheries decreased from 27.1% to 26.9%, the service sector - from 38.7% to 38.6%. The share of construction remained at the level of 2020 and amounted to 6.7%.
At the end of 2021, agriculture, forestry and fisheries showed positive growth rates at the level of 4.0% (in 2020 - 2.9%, in 2019 - 3.1%). The positive dynamics in this industry is due to the growth of livestock by 4.1% (in 2020 - 2.1%, in 2019 - 1.6%) and crop production by 3.1% (in 2020 - 3.2%, 2019 - 4.8%).
In the industry, an increase in value added by 8.7% is observed. The positive dynamics in this industry is mainly due to the growth in the value added of the mining and quarrying industry by 10.7% (in 2020 - a decrease of 22.0%, in 2019 - a decrease of 0.6%) and the manufacturing industry by 8.2 % (in 2020 - by 7.9%, in 2019 - by 6.6%). The electricity, gas, steam and air conditioning industry also showed positive growth of 13.0% against growth of 6.8% in 2020 and 5.1% in 2019. The value added of water supply, sewerage, waste collection and disposal showed a decrease of 17.7% (in 2020 – a decrease of 0.9%, in 2019 – an increase of 2.2%).
In the period under review, the share of the manufacturing industry in the structure of value added of the industrial sector increased to 77.4% against 77.2% in 2020. Accordingly, there was an increase in the share of the mining industry and quarrying up to 15.2% (in 2020 - 14.8%).
At the end of 2021, in the structure of the value added of the manufacturing industry, the largest share fell on the metallurgical and metalworking industry (except for machinery and equipment), which reached 40.9%. The share of production of textiles, clothing, leather products and related products was 13.9%, food, beverages and tobacco products - 13.6%, rubber, plastic products and other non-metallic mineral products - 8.0%, chemical products - 7.6%, motor vehicles, trailers, semi-trailers and other transport equipment - 4.3%, coke and refined petroleum products - 2.2%, computers, electronic and optical products - 2.0% and other manufactured products – 7.5 %.
Compared to 2020, construction work increased by 6.8%, while the growth rate of construction of civil facilities amounted to 26.9% (in 2020 - 8.7%, in 2019 - 47.7%) and specialized construction works - 27.9% (in 2020 – minus 11.6%, in 2019 - 10.0%). For the construction of buildings and structures, there was a decrease in volume in comparable prices, which amounted to 99.9% compared to the level of 2020 (in 2020 - 13.5%, in 2019 - 21.1%).
In 2021, the volume of construction work amounted to 107.44 trillion soums. Of the total volume of construction work, large organizations account for 27.6%, small enterprises and microfirms - 52.5%, individuals - 19.9%.
At the end of 2021, the gross value added of the service sector amounted to 262.49 trillion soums and, compared to 2020, increased by 9.2%. Including trade services grew by 12.5%, accommodation and catering - by 18.3%, transportation and storage - by 16.0%, information and communication - by 22.0%, other services - by 5.9%.
In 2021, in the structure of gross value added of trade, the largest share fell on retail trade (except for trade in motor vehicles) and amounted to 67.2% (in 2020 - 68.3%, in 2019 - 68.2%).
The share of wholesale trade (except for trade in motor vehicles) amounted to 26.5% (in 2020 - 25.3%, in 2019 - 25.3%), wholesale and retail trade in motor vehicles and their repair - 6.3% (in 2020 - 6.4%, in 2019 - 6.5%).
At the end of 2021, the share of transportation and storage in the GDP of the Republic of Uzbekistan amounted to 5.5%. In the structure of the gross value added of the transportation and storage industry, the largest share fell on road transport - 59.3% (in 2020 - 57.0%, in 2019 - 52.6%). Pipeline transport accounted for 14.4% (in 2020 – 16.8%, in 2019 – 18.3%), rail transport - 10.9% (in 2020 - 13.6%, in 2019 - 11.9%), auxiliary transport activity - 10.7% (in 2020 - 9.4%, in 2019 - 11.1%), air transport - 4.7% (in 2020 - 3.2%, in 2019 - 6.1%) of the total value added of this industry.
In 2021, the share of information and communications in the country’s economy was 1.7% (in 2020 – 1.7%). In the structure of the added value of this industry, the main share fell on telecommunications services (wired and mobile communications, Internet, etc.) and amounted to 66.5% (in 2020 – 70.8%). The remaining 33.5% of the value added (in 2020 – 29.2%) created in this industry fall on other areas (publishing, computer programming, program creation and broadcasting,etc.).
In 2021, the share of ICT services in the country’s economy amounted to 1.6% (in 2020 - 1.5%, in 2019 - 1.4%). The added value of ICT services consists of communication services - 73.1%, computer programming, consultations and other related services - 14.2%, repair of computers and communication equipment - 5.3%, data hosting and processing services, Web portals - 5.0%, software release - 2.4%.
At the end of 2021, small entrepreneurship (businesses) created added value in the amount of 374.37 trillion soums, or 54.9% of the total value added in the economy. At the same time, the share of agriculture, forestry and fisheries in the total GVA of small entrepreneurship (business) amounted to 47.3%, industry - 11.5%, construction - 9.2% and services - 32.0%. The share of small entrepreneurship (business) in the main sectors of the economy was: in agriculture, forestry and fisheries - 96.4%, construction - 75.4%, services - 45.6% and industry - 22.8%.
In 2021, 98.9 thousand new small enterprises and microfirms were created in the republic (excluding dehkan and farm enterprises), which is 6.1% more than in 2020. The largest number of them was created in trade (38.9%), industry (19.5%), agriculture, forestry and fisheries (11.8%), accommodation and food services (6.7%), construction (6.4%), transportation and storage (2.7%), information and communications (2.5%).
In 2021, the GDP deflator index amounted to 113.6% compared to 2020 prices. The highest values of indices - deflators in the context of industries were noted in agriculture, forestry and fisheries - 116.7%, industry - 113.8% and construction - 114.2%. Indices - deflators are lower than, in general, in the economy (113.6%), were observed in transportation and storage, information and communications - 106.5%, trade, accommodation and food services - 112.8% and other service industries - 112.6%. At the same time, the deflator index of net taxes on products amounted to 112.3%.
The consumer price index (CPI) in the Republic of Uzbekistan for 2021 reached 110.8% by 2020, while the CPI for goods amounted to 111.6%, for services - 108.2%. During the period under review, compared to 2020, food prices increased by 14.3%, nonfood products - by 8.3%. Dynamics of the GDP deflator index by type of economic activity for 2019-2021 (as % of the previous year).