ISSN2091-5071
Uzbekistan Economic Trends
Information and Analytical Bulletin
for January-September 2013
Tashkent – 2013
Economic_of_Uzbekistan_Tico_04.indd 1
16.01.2014 15:49:15
Editorial Board
D.R. Turdiev
A.Ya. <...> The
economic growth was supported by state budget surplus which accounted for 0.2% of
GDP and positive foreign trade balance valued at over USD 1 billion. <...> Source: State Statistics Committee
4
The measures aimed at creation of new jobs, promotion of consumer demand, diversification of the economic sector and improved business environment brought about
steady growth of real aggregate income of the population by 15.9%, which, in its turn, resulted in 14.7% growth in retail trade turnover and 13% growth in paid services. <...> Besides,
deposits of the population at commercial banks grew by 1.3-fold. <...> The following factors were key factors for preserving high and stable social and economic growth:
macroeconomics / ECONOMIC GROWTH
Economic_of_Uzbekistan_Tico_04.indd 4
16.01.2014 15:49:15
• more profound structural transformations in industrial sectors. <...> As a result, the share of the industrial sector in GDP
growth rose from 12.5% in the 9-month period of 2012 to 17.6% in 2013.
• active investment policy and attraction of foreign investment focused at accelerated modernization, technical and technological renovation of existing enterprises
and creation of relevant business environment. <...> The share of foreign investment and
loans absorbed by production sector grew by 12.4%;
• support to enterprises-exporters and expanded export of goods, including by broader localization in production of spare parts, expanded product mix, increased export
of goods and services. <...> As a result, the volume of goods and services grew by 13%
compared to the corresponding 2012 level;
• accelerated development of small business and service sector. <...> Total volume of communication and informatization services
grew by 23.2%. <...> INVESTMENT
In January-September 2013 the volume of investment from all funding sources totaled UZS 19 trillion 300 billion, which is by 12.5% higher than the indicator for the corresponding period of 2012. <...> The share of non-centralized sources equaled 80.1% against
78.8% in January-September 2012. <...> In January-September 2013 investment from own funds of
enterprises accounted for UZS 5,925.4 billion which exceeded by 11.8% the level of the
previous year. <...> The share in total investment remained 30.7%. <...> The
volume of investment including the earlier appropriated funds totaled USD <...>
Бюллетень_Экономика_Узбекистана_(на_английском_языке)_№3_2013.pdf
ISSN2091-5071
UZBEKISTAN ECONOMIC TRENDS
Information and Analytical Bulletin
for January-September 2013
Tashkent – 2013
Economic_of_Uzbekistan_Tico_04.indd 1
16.01.2014 15:49:15
Стр.1
Editorial Board
D.R. Turdiev
A.Ya. Khaydarov
M.М. Mirzaev
A.A. Abduhakimov
А.А. Khaitov
Chief Editor
B.M. Eshonov
Deputy Chief Editor
J.A. Fattakhova
Project Coordinator
Kh.M. Muradova
Advisors
O.Z. Gaybullayev
U.A.Abdullajonov
Technical Assistance
N. Shamukhamedov
Translator
Z.Kh. Zaitova
Section Coordinators:
F.F. Nasriddinov ................................................... (section 1.1, 1.3)
D.R. Abduazizov .................................................. (section 1.2, 1.4)
J.R. Sidikov .......................................................... (section 2.1)
A.Ya. Khaydarov .................................................. (section 2.2, 2.3, 2.4)
M.A. Mirsadikov .................................................. (section 2.5)
E.S. Akulova ........................................................ (section 2.6)
E.M. Mukhitdinov, A.Ikramov .............................. (section 3)
V.V. Baturina, S.V. Abdurakhmonhujaev ............... (section 4)
T.M. Akhmedov, H.M. Saidakhmedov ................. (section 5)
The publication has been produced with support of Turkish Cooperation
and Coordination Agency and Japan International Cooperation Agency
© Center for Economic Research
© TIKA ©JICA
Economic_of_Uzbekistan_Tico_04.indd 2
16.01.2014 15:49:15
Стр.2
C ONTENT S
1. Macroeconomics
1.1. Economic Growth ................................................................................................
1.2. Investment ..........................................................................................................
4
5
1.3. Foreign Trade ....................................................................................................... 7
1.4. Prices and Inflation .............................................................................................. 8
1.5. Demography and Employment ...........................................................................
9
1.6. Statistical Annex .................................................................................................. 11
2. Financial Sector
2.1. Public Finances .................................................................................................... 22
2.2. Monetary Policy .................................................................................................. 23
2.3. Banking Sector .................................................................................................... 26
2.4. Currency Policy .................................................................................................... 28
2.5. Insurance Market ................................................................................................ 30
2.6. Securities Market ............................................................................................... 31
2.7. Statistical Annex .................................................................................................. 34
3. Sectors of Economy
3.1. Industry ............................................................................................................... 41
3.2. Agrarian sector .................................................................................................... 43
3.3. Transport and Transport Communications .......................................................... 45
3.4. Services ............................................................................................................... 47
3.5. Statistical Annex .................................................................................................. 50
4. Small Entrepreneurship
4.1. Trends in Development of Small Entrepreneurship ............................................ 60
4.2. Help for Entrepreneurs. Registration of entrepreneurs via Internet ................... 62
4.3. Statistical Annex .................................................................................................. 67
5. Regions
5.1. Development of Regions ..................................................................................... 69
5.2. Statistical Annex .................................................................................................. 73
6. New Research Works of the CER
6.1. Uzbekistan Auto Industry: Sources of Growth Outside the Sector ........................... 77
6.2. Transport Sector: Tariff Reductions as a Means to Economic Growth ................ 82
Infographics ............................................................................................................................. 86
Economic_of_Uzbekistan_Tico_04.indd 3
16.01.2014 15:49:15
Стр.3