SECTION 1. MARKET AND ECONOMIC OVERVIEW With a population of over 30 million, Uzbekistan is one of the important emerging markets in Central Asia for U.S. agricultural products. The Government of Uzbekistan (GOU) reports that real GDP growth averaged 8.2 percent in 2012, and 8 percent in 2013. GDP output in the past several years was driven by exports derived from state-owned or state-controlled assets, and a favorable export environment for natural resources. In 2013, industrial output was 25 percent of GDP, agricultural production was 17 percent, construction was 6 percent, and services and taxes were 44 percent and 8 percent, respectively. The GOU will continue to support growth through policies that boost domestic consumption and investment under its industrialization program. External and fiscal positions will remain strong. The GOU forecasts that GDP will grow by 8.1 percent in 2014. (Note: All of these figures are official government statistics, which the IMF notes are incomplete and unclear.
According to the United Nations, GDP growth is forecast to reach 7.1 percent in 2014. End Note.)
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