uzbekistan economy...uzbekistan. development priorities for 2014. development priorities for 2014...

Uzbekistan EconomyEMBASSY OF UZBEKISTAN TO THE UNITED STATES

GDP Growth Rate (in % to previous year)

7 7.3

9.59

8.18.5 8.3 8.2 8

2005 2006 2007 2008 2009 2010 2011 2012 2013

CIS Countries GDP Growth Rate(in % to previous year)

9.3

4.7

13.5

5.3

5.1

9.6

9.2

8.1

5

7.7

7.3

-0.5

4.5

6.5

4.1

8.5

0.1

7.7

7.5

6

4.3

7.4

5.2

8.3

2.2

1.5

5

-0.9

3.4

7.5

0.2

8.2

5.8

0.9

6

10.5

1.3

7.4

-1.1

8

AZERBAIJAN

BELARUS

KAZAKHSTAN

KYRGYZ

RUSSIA

TAJIKISTAN

UKRAINE

UZBEKISTAN

2009 2010 2011 2012 2013

Economy Diversification

GDP Structure in 2000 GDP Structure in 2013

Industry

Agriculture

Services

Industry

AgricultureServices

Fiscal Policy

0.8

-0.4 -0.4

0.1

0.5

1.11

0.20.3

0.4 0.40.3

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Budget Balance (in% to GDP)

21.6

3.8 3.7

7.86.8 6.8

7.8 7.4 7.3 7.6 7 6.8

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Inflation Rate(in % to previous year )

Foreign External Debt(in % to GDP)

18

53.1

70

90

25.7

45

75.7

17

0 10 20 30 40 50 60 70 80 90 100

AZERBAIJAN

BELARUS

KAZAKHSTAN

KYRGYZ

RUSSIA

TAJIKISTAN

UKRAINE

UZBEKISTAN

Investment

Total investment in 2013 - $13 billion (equivalent)

Private Domestic Investment - $6.1 billion (equiv)

FDI - $2.2 billion150 industrial projects completed in 2013,

totaling more than $2.7 billion

Contribution of SME to Economy(in % to GDP)

12

24

20

42

21

45

7

55.8

0 10 20 30 40 50 60

AZERBAIJAN

BELARUS

KAZAKHSTAN

KYRGYZ

RUSSIA

TAJIKISTAN

UKRAINE

UZBEKISTAN

Development Priorities for 2014

Development priorities for 2014

Ensure high growth of GDP GDP growth - 8,1%Industrial production – 8.3%Agricultural production – 6%Retail trade – 13.9%Market services – 16.2%

Development priorities for 2014

Develop high-tech industrial complexesPotash fertilizer plant, Soda plant, Methanol plantProduction of passenger cars in Khorezm regionTwo large-scale gas chemical complexesThree combined cycle power plants and many other projects

Total investments will reach $14.3 billion (equivalent)

Development priorities for 2014

Promote a competitive market environment and ensure a business-friendly climate

Shorten, simplify and cheapen licensing procedures for businesses

Transition to online form of business registration, permission and licensing

Develop e-commerce