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Uzbekistan's GDP jumps

22 October 2014

Uzbekistan's GDP increased by 8.1 percent in January - September 2014 compared with the same period in 2013.

Industrial production increased by 8.4 percent, agricultural production by 6.8 percent, construction by 18.9 percent during the reported period.

These figures were mentioned at the government meeting on the results of socio-economic development of Uzbekistan for the first 9 months of 2014, the government reported.

The state budget was implemented with the surplus of 0.1 percent of GDP.

The inflation level has not exceeded the established predictive parameters.

Total volume of investments increased by 10.7 percent in January - September, the volume of direct foreign investment - by 22.3 percent.

Some 105 projects, included in the investment program, have been completed since the beginning of 2014. Some 2,700 new production facilities have been commissioned.

The volumes of production of consumer goods increased by 11.3 percent, retail trade by 14.2 percent, paid services by 11.1 percent during the reported period.

Uzbekistan's GDP grew by 8 percent in 2013, production of industrial production by 8.8 percent, agriculture by 6.8 percent, construction by 16.6 percent, and retail turnover by 14.8 percent; the volume of capital investment from all funding sources was 11.3 percent compared to 2012, according to the State Statistical Committee. The state budget was executed with a surplus of 0.3 percent of GDP. The inflation level has not exceeded the forecasted parameters and amounted to 6.8 percent.

In 2014, the government plans to ensure the GDP growth by 8.1 percent, industrial production by 8.3 percent, agriculture 6 percent and to increase capital investment by 9.5 percent. The inflation is planned to be kept in 6 to 7 percent.