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17.07.2018 16:13

Service sector makes the largest contribution to GDP growth

In accordance with the Program of State Statistical Works, Uzbekistan State Statistics Committee carried out a preliminary estimate of gross domestic product for January-June 2018.

According to the State Statistics Committee, the GDP of the Republic of Uzbekistan in January-June 2018 in current prices amounted to 152 533.4 billion sums 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%.

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).

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%.

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