19 July 2018

In accordance with the Program of State Statistical Works, State statistics committee carried out a preliminary estimate of gross domestic product (hereinafter - GDP) for January-June 2018.

According to preliminary estimates, the GDP of the Republic of Uzbekistan in January-June 2018 in current prices amounted to 152 533.4 billion soums and, in comparison with the corresponding period of the previous year, increased in real terms by 4.9%. The index - the GDP deflator relative to the prices in January-June 2017 amounted to 135.4%.

GDP per capita amounted to 4 653 thousand soums, which is 3.1% more than in the corresponding period last year. GDP production in January-June 2018 by types of economic activity is characterized by the following data:

The rate of economic growth is determined by the positive dynamics in the main sectors of the economy. The gross value added (GVA), created by all sectors of the economy, accounted for 85.5% of the total GDP and grew by 5.0% (contribution to GDP growth - 4.4 percentage points). Net taxes on products accounted for 14.5% of the GDP structure and showed an increase of 4.5% (contribution to GDP growth - 0.5 pp).

 GDP growth rates by types of economic activity for January - June 2018

The largest contribution to GDP growth was made by the services sector (1.9 percentage points), which increased by 4.4% compared to January-June of the previous year. From it, trade, accommodation and food services, grew by 1.7%, transportation and storage, information and communication - by 5.6% and other services - by 5.0%.

In the industry, the added value added by 6.1%. At the same time, a positive contribution to GDP growth from industrial production is estimated at 1.4 pp. Positive dynamics in the industry is ensured by the growth of the added value of the mining industry and the development of quarries by 34.3%, manufacturing - by 0.9% and other industries - by 2.0%.

The structure of the gross value added of industry for January - June

The volume of construction work increased by 9.7% compared with the corresponding period last year. A positive contribution to GDP growth from the construction sector is estimated at 0.7 pp.

According to the results of January-June 2018, in agriculture, forestry and fisheries there is also a positive growth rate of 2.7%. The contribution of this industry to GDP growth was 0.4 pp.

Compared to the corresponding period of the previous year, the share of agriculture, forestry and fisheries in the sectoral structure of GDP decreased by 0.5 percentage points. and amounted to 16.7%.

The share of industry increased from 26.1% to 30.6%, while the share of construction remained at the level of the corresponding period of the previous year and amounted to 7.4%.

The share of the service sector in the sectoral structure of GDP was 45.3% and, compared to the same period last year, decreased by 4.0 percentage points.


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