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Economy 15/04/2009 Uzbekistan’s economy grows 7.9% in 1Q
Cabinet of Ministers of Uzbekistan
Tashkent, Uzbekistan (UzDaily.com) -- The growth of the gross domestic product (GDP) of Uzbekistan made up 7.9% in the first quarter of 2009, a session of the Cabinet of Ministers dedicated to summing up the results of the first three months of 2009 said on Wednesday.

The session said the industrial production increased by 9.9%, consumer goods production by 12.5%, agricultural production by 5.7%, services by 16.6% and construction works by 12.1%.

The state budget surplus made up 0.4% of the GDP, and the inflation level did not exceed the forecast.

Total volume of attracted investments increased by 31.4% in January-March and foreign direct investments grew 2.5 times. A total of 54 industrial objects were commissioned in the reporting period.

Share of the small business in the GDP increased from 35.1% in the first quarter of 2008 to 36.2% in the same period of 2009. Share of service sector in GDP comprised 45.5% against 44.4% in the last year’s first quarter.

The session said exports of Uzbekistan rose by 6.1% in the reporting period.

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