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Economy 22/08/2012 Small businesses produce 42.6% of Uzbekistan’s GDP in 1H
Small businesses produce 42.6% of Uzbekistan’s GDP in 1H
Tashkent, Uzbekistan (UzDaily.com) -- The share of small business in the total volume of GDP of Uzbekistan was 42.6% in January-June 2012, which is 0.4 percentage points more year-on-year, the State Statistics Committee of Uzbekistan said.

The volume of gross domestic product (GDP) of Uzbekistan made up 41.686 trillion soums at current prices, or grew by 8.1% year-on-year.

The share of small enterprises and microfirms in the GDP production was 25.8% in January-June 2012 versus 25.7% in January-June 2011.

In January-June 2012, small business entities provided employment to 9.046 million persons (74.7% of total persons employed in the economy), including 6.705 million persons of the individual sector and 2.341 million persons of small enterprises and microfirms.

The small businesses produced industrial output to the amount of 5.11 trillion soums (21.2% of total industrial production), which grew by 19.9% year-on-year.

The sector utilized 3.534 trillion soums of investments (35.4% of total utilized investments), which rose by 31.2% year-on-year.

The small business entities executed construction works for 4.018 trillion soums (75.1% of total construction works), or rose by 15.8% year-on-year.

The sector ensured the growth of freight turnover of motor transport by 8.3% (78.6% of total freight turnover) and passenger turnover - by 8.4% (86.3% of total passenger turnover).

It formed 46.3% (7.621 trillion soums) of total retail trade turnover (the growth by 11.4%), 42.1% (2.611 trillion soums) of total paid services (the growth by 10.6%).

They exported goods for US$1.087 billion (15.2% of total exports), which grew by 14.1% year-on-year. Small businesses also imported goods for US$2.286 billion (38.6% of total imports). The growth rate made up 29.9% year-on-year.

The number of persons engaged in the private sector of small business was 8.204 million or 90.7% of total employment in the sphere of small business.

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