AllRefer.com Reference and Encyclopedia Resource 

AllRefer Channels :: Health | Yellow Pages | | Reference

July 03, 2020  
 Countries
 Flags
 Maps

You are here : AllRefer.com > Reference > World > Countries > Uzbekistan > Uzbekistan - Economy

Uzbekistan: Economy

Economy Uzbekistan
Economy - overview:
Uzbekistan is a dry, landlocked country of which 11% consists of intensely cultivated, irrigated river valleys. More than 60% of its population lives in densely populated rural communities. Uzbekistan is now the world's second-largest cotton exporter, a large producer of gold and oil, and a regionally significant producer of chemicals and machinery. Following independence in December 1991, the government sought to prop up its Soviet-style command economy with subsidies and tight controls on production and prices. Uzbekistan responded to the negative external conditions generated by the Asian and Russian financial crises by emphasizing import substitute industrialization and by tightening export and currency controls within its already largely closed economy. The government, while aware of the need to improve the investment climate, sponsors measures that often increase, not decrease, the government's control over business decisions. A sharp increase in the inequality of income distribution has hurt the lower ranks of society since independence.
GDP:
purchasing power parity - $66.06 billion (2002 est.)
GDP - real growth rate:
4.2% (2002 est.)
GDP - per capita:
purchasing power parity - $2,600 (2002 est.)
GDP - composition by sector:
agriculture: 36%
industry: 21%
services: 43% (2001 est.)
Population below poverty line:
NA%
Household income or consumption by percentage share:
lowest 10%: 1.2%
highest 10%: 32.8% (1998)
Distribution of family income - Gini index:
44.7 (1998)
Inflation rate (consumer prices):
26% (2001 est.)
Labor force:
11.9 million (1998 est.)
Labor force - by occupation:
agriculture 44%, industry 20%, services 36% (1995)
Unemployment rate:
10% plus another 20% underemployed (1999 est.)
Budget:
revenues: $4 billion
expenditures: $4.1 billion, including capital expenditures of $NA (1999 est.)
Industries:
textiles, food processing, machine building, metallurgy, natural gas, chemicals
Industrial production growth rate:
3.5% (2000 est.)
Electricity - production:
44.49 billion kWh (2001)
Electricity - production by source:
fossil fuel: 88.2%
hydro: 11.8%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
47.07 billion kWh (2001)
Electricity - exports:
3.998 billion kWh (2001)
Electricity - imports:
9.7 billion kWh (2001)
Oil - production:
142,700 bbl/day (2001 est.)
Oil - consumption:
142,000 bbl/day (2001 est.)
Oil - exports:
NA (2001)
Oil - imports:
NA (2001)
Oil - proved reserves:
297 million bbl (37257)
Natural gas - production:
63.1 billion cu m (2001 est.)
Natural gas - consumption:
45.2 billion cu m (2001 est.)
Natural gas - exports:
17.9 billion cu m (2001 est.)
Natural gas - imports:
0 cu m (2001 est.)
Natural gas - proved reserves:
937.3 billion cu m (37257)
Agriculture - products:
cotton, vegetables, fruits, grain; livestock
Exports:
$2.8 billion f.o.b. (2002 est.)
Exports - commodities:
cotton 41.5%, gold 9.6%, energy products 9.6%, mineral fertilizers, ferrous metals, textiles, food products, automobiles (1998 est.)
Exports - partners:
Russia 17.7%, Ukraine 11%, Italy 7.6%, Tajikistan 6.8%, Poland 5.1%, South Korea 5%, Kazakhstan 4.5%, US 4.2% (2002)
Imports:
$2.5 billion f.o.b. (2002 est.)
Imports - commodities:
machinery and equipment 49.8%, foodstuffs 16.4%, chemicals, metals (1998 est.)
Imports - partners:
Russia 22.6%, Germany 9.8%, South Korea 9.4%, Kazakhstan 8.1%, US 6.9%, Ukraine 6.8%, China 5.2%, Turkey 4.6% (2002)
Debt - external:
$4.6 billion (2002 est.)
Economic aid - recipient:
approximately $150 million from the US (2001)
Currency:
Uzbekistani sum (UZS)
Currency code:
UZS
Exchange rates:
Uzbekistani sums per US dollar - 970 (2002), 325 (2001), 236.61 (2000), 124.63 (1999), 94.49 (1998)
Fiscal year:
calendar year

Also See:

Background & Country Profile
Geography
People
Government
Economy
Communications
Transportation
Military
Transnational Issues & International Disputes
Map
Flag

 

Source: The CIA World Fact Book 2003

Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

About Us | Contact Us | Terms of Use | Privacy  
Copyright 2013 AllRefer.com All Rights reserved.
Site best viewed in 800 x 600 resolution.