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Uzbekistan Uzbekistan

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Uzbekistan – Quick View
ECR score25.1 (Mar 2011)
ECR rank149 (Mar 2011)
Economic
GDP 2010USD 30.97 billion
GNI per capita PPPUSD 3,085
FDI inflowUSD 929.8 million
Inflation 201012.9%
Central bank assetsUSD 0.1 trillion
Unemployment rate 20070.2%
Government deficitUSD 1,330.799 billion
Tax revenue28.2% (as %of GDP)
Political
Government typeRepublic
Recent political crisisNA
Economic freedom score163rd
Freedom of information score163rd
Corruption perception index172nd
Structural
Birth rate48 per ‘000
Population balanceUnder 14 – 29.3%
Population balanceOver 60 Male – 5.5%
Population balanceOver 60 Female – 7%
Life expectancy yearsMale – 64.6 years
Life expectancy yearsFemale – 70.9 years
Mortality rate5 per ‘000
Literacy rate99%
Internet access16.8%

[Top] Economic Overview

Uzbekistan’s economy has been growing at a slow pace. The economy is primarily dependent on the agricultural and industrial sector. Uzbekistan mainly exports cotton, gold, and textiles.

Gross domestic product (GDP)

GDP in 2010 was UZS 61,831.2 billion compared to UZS 48,097 billion in 2009.

 

Uzbekistan GDP
(Source: stat.uz, stat.uz. stat.uz)

GDP growth rate

The GDP growth rate in 2010 was estimated at 7.4% compared to 7% in 2009.

 

Uzbekistan GDP Growth Rate
(Source: IMF)

 

Gross national income (GNI)

The GNI per capita at PPP was USD 3,085 in 2010 compared to USD 2,163 for 2005.

 

 

Uzbekistan GNI per capita, PPP
(Source: UNDP)

Income tax

Income tax on individual incomes in Uzbekistan varied between 11% tand 22%.


Income tax on individual incomes

Taxable income (UZS)

Tax rate

Up to 6x minimum Wage

11%

Between 6x-10x minimum wage

17%

10x minimum wage and more

22%

(Source: taxrates.cc)

Corporate tax

Standard corporate tax in Uzbekistan is 9% and VAT is 20%.

(Source: taxrates.cc)

Inflation rate

The inflation rate in Uzbekistan in 2010 was 12.9%. In 2009, inflation in terms of consumer price change (annual %) was 10.6%.

 

Uzbekistan Inflation Rate

e= estimated

(Source: IMF)

Foreign direct investment (FDI)

The FDI inflow in the first quarter of 2010 was USD 929.8 million. (Source:uzdaily)

In 2009, FDI inflows amounted to USD 750 million compared to USD 711 million in 2008.

 

Uzbekistan FDI inflow

(Source: UNCTAD, pg no.422)

 

Banking sector assets

The total banking sector assets in the first half of 2009 mounted to UZS 14.865 trillion compared to UZS 12.065 trillion for the same period the previous year.

(Source: uzdaily)

[Top] Financial Indicators & Government Financial

Consumer price index

 

Uzbekistan Consumer Price Index

(Source: IMF)

Interest rates on saving deposits/time deposits

Average annual interest rates, august 2010 (%)

Term deposits (in soums)

21.47

Term deposits in the US dollar

6.94

3-month deposit

20.45

6-month deposits

21.6

12-month deposit

22.5

(Source: uzdaily.com)

Money supply (currency in circulation)

Money supply (UZS billion), 2009

Money supply (M1)

3,943

Currency in circulation

2,528

Demand deposits

1,415

Quasi-money

2,146

Money supply (M2)

6,088

(Source: adb.org)

 

Government expenditure

In 2010, government expenditure amounted to UZS 21,360 billion compared to UZS 16,469.8 billion in 2009.

Uzbekistan Government Expenditure
(Source: IMF)

Official exchange rate

In April 2011, the official exchange rate for UZS per USD was 1689.23.

(Source: nbu)

Uzbekistan Exchange Rate

(Source: statistics.uz)

 

Government finances

Fiscal balance

The fiscal deficit in 2010 was USD 1,330.8 billion compared to USD 4,031.82 billion in 2009.

Uzbekistan Fiscal Balance
(Source: IMF)

Total revenue

According to IMF estimates, Uzbekistan's revenue in 2010 was USD 22,690.75 billion, an increase of approximately 25.9% from USD 18,009.67 billion in 2009.

Uzbekistan Total Revenue
(Source: IMF)

Tax revenue

The tax revenue in 2008 was 28.2% of GDP compared to 27.1% in 2007.

Uzbekistan Tax Revenue
(Source: adb.org)

Current account balance

Uzbekistan Current Account Balance

 

(Source: IMF)

Balance of payments

Balance of payments (USD million)

 

2009

2008

Exports of goods and services

11,679

12,158

Imports of goods and services

11,698

11,393

Resource balance

-19

765

Net income

422

-312

Net current transfers

475

1,980

Current account balance

878

2,432

Financing items (net)

1,001

1,526

Changes in net reserves

-1,879

-3,958

 (Source: World Bank)

[Top] Labour Force and Employment Overview

Labour force

The labour force in Uzbekistan was 12.68 million people in 2009 compared to 12.26 million in 2008.

The labour force participation rate in 2009 was 65%; the male and female participation rate was 71% and 58% respectively.

(Source: World Bank)

Unemployment rate

The unemployment rate in Uzbekistan was 0.2% in 2008.

 

Uzbekistan Unemployment Rate

(Source: adb.org)

Minimum wage

The minimum wage rate in Uzbekistan is UZS 25,040 per month. The minimum wage for a 19-year old worker or an apprentice is USD 23.9 per month.

(Source: minimum-wage, doingbusiness.org)

Level of unionisation

The Federation of Trade Unions of Uzbekistan is the main trade union centre in Uzbekistan.

(Source: sfp.uz)

[Top] Political Stability

Uzbekistan is a presidential republic. The executive powers lie with the president, prime minister and the cabinet.

The parliament is bicameral and is known as the supreme assembly. It consists of the legislative chamber and the senate. The legislative chamber has a statutory requirement of 150 members, of which 135 are directly elected and the remaining 15 are elected by the Ecological Movement of Uzbekistan. The senate is made up of 100 members, of which 84 are elected by the local councils and 16 are appointed by the president.

The main political parties include:

  • Liberal Democratic Party
  • Democratic Party of Uzbekistan
  • Social Democratic Party
  • People's Democratic Party

(Source: IPU, fco.gov.uk, state.gov)

Regulatory environment

Uzbekistan was ranked 163rd in the 2011 Index of Economic Freedom, with an economic freedom score of 45.8. It ranked 36th out of 41 countries in the Asia–Pacific region. Uzbekistan's overall score is lower than the regional and world average.

 

Uzbekistan Economic Freedom Indices

(Source:Heritage.org)

Corruption perception

The Corruption Perceptions Index (CPI) is a survey to measure the perceived level of corruption across countries worldwide. Uzbekistanis ranked 172nd indicating the corruption levels in the public departments is fairly high.

Uzbekistan has improved in the CPI rankings since 2009, it was ranked 174th with a score of 1.7 indicating the perceived levels of corruption have decreased.

(Source:transparency.org)

Freedom of information

The media in Uzbekistan is restricted. Most of the printing and distributing infrastructure is controlled by the government.

(Source: BBC)

The World Press Freedom Index 2010 ranked Uzbekistan163rd with a score of 71.50 which indicates that the media in Uzbekistan was restricted.

(Source: rsf.org)

Newspapers:

  • Khalq Sozi (Peopl’s Word)
  • Narodnoye Slovo (People’s Word)
  • Pravda vostoka (Truth of the East)
  • Ozbekistan Ozovi (Voice of Uzbekistan)
  • Hurriyat (Freedom)
  • Mohiyat

(Source: BBC)

Judicial system

The judiciary in Uzbekistan includes:

  • Supreme court
  • Constitutional court
  • Higher economic court
  • Supreme courts of the Republic of Karakalpakstan
  • Economic Court of the Republic of Karakalpakstan
  • Regional and Tashkent city courts
  • Inter-district, district and city courts
  • Martial and economic courts

The Supreme Court is the highest court of justice and deals with administration, civil and criminal proceedings.

(Source: gov.uz)

[Top] Demographic Overview

According to IMF estimates, the total population of Uzbekistan in 2010 was 28.25 million, increasing by 1.20% over the previous year.

Uzbekistan Population by Gender

The gender ratio in Uzbekistan is not balanced i.e. there are approximately 98.8 men for every 100 women.

(Source: UN)

In 2009, the number of people below the age of 14 accounted for 29.3% of the total population. In 2009, 7% of women and 5.5% of men (% of total population) were above the age of 60.

 

The mortality rate of infants (per thousand live births) was 48 in 2009. The mortality rate (per thousand people) was 5.

The average life expectancy at birth in Uzbekistan for men was 64.6 years and 70.9 years for women in 2010.

(Source: UN, World Bank)

The crude birth rate was 20 per 1000 people and the crude death rate was 7 per 1000 people in 2009.

(Source: unicef.org)

The international migrant stock in mid 2010 was 1,175,900 people. This was approximately 4.2% of the total population.

(Source: UN)

The latest figures reveal that the urban population in Uzbekistan grew at an annual rate of 1.6% between 2005 and 2010. The rural population grew at a slower rate of 1.4% per year in the same period.

 (Source: UN)

The ethnic groups in Uzbekistan include:

 

  • Uzbek
  • Russian
  • Tajik
  • Kazakh
  • Karakalpak
  • Tatar
  • Other

 

A large proportion of the population in Uzbekistan is Uzbek. Nearly 90% of the people are Muslims.

(Source: State.gov)

Uzbekistan ranked 102nd out of 182 countries on the Human Development index 2009 conducted by the United Nations. The HDI provides a composite measure of three dimensions of human development: living a long and healthy life (measured by life expectancy), being educated (measured by adult literacy and gross enrolment in education) and having a decent standard of living (measured by purchasing power parity, PPP, income).

 

(Source: UNDP)

 

 

[Top] Soft Infrastructure

Literacy rate

Uzbekistan’s literacy rate between 2005 and 2008 was 99%.

(Source: UNICEF)

Education resources

Education is compulsory from the age of seven to sixteen years. Primary education starts at the age of seven and secondary education starts at the age of eleven.

The student-teacher ratio at primary level is 18:1. The net enrolment rate in primary schools for girls and boys is 89% and 91% respectively. The enrolment rate at secondary level of education for girls and boys was 90% and 93% respectively.

The total expenditure on education in 2010 was UZS 5,035.4 billion or 8.4% of GDP. In 2009, expenditure on education amounted to UZS 4,489.8 billion or 9.3% of GDP.

(Source: adb.org)

Health care

The citizens have the right to free medical service through a network of polyclinics, first aid stations and state hospitals. Healthcare is financed through the state budget. Governmnet spending on health was approximately 9.9% of GDP.

(Source:uzbekistan.org)

The following table shows some of the healthcare facilities in 2005:

Healthcare resources

Units (per 100,000 population)

Hospitals

4.4

Acute care (short-stay) hospitals

20.9

Primary healthcare units

0.8

Hospital beds

541.2

Hospital beds in acute care hospitals

1,526.6

Psychiatric hospital beds

30.7

Beds in nursing and elderly homes

26.5

Number of physicians

290.7

General practitioners

74.9

Dentists

25

Pharmacists

7

Nurses

1,029.9

Midwives

306.7

(Source: UNDP)

[Top] Hard Infrastructure

The main mode of transport in Uzbekistan is road travel (buses and cabs). Railways are operated by Uzbekistan Railways.

Roadways

The total road network in Uzbekistan is approximately 86,500 km, of which 87% are paved.

(Source:estandardsforum)

Railways

The railways are operated by Uzbekistan Railways Company. The total rail network in Uzbekistan is approximately 3,645 km, of which 17% are electrified.

(Source:estandardsforum)

Ports

There are no ports in Uzbekistan.

(Source: worldportsource.com)

 

Airports

Town

Airport name

Runway length (ft.)

Ashgabat

Ashgabat

12,400

Bukhara

Bukhara

9,800

Samarkand

Samarkand

10,100

Tashkent

Tashkent Yuzhny

13,100

Termez

Termez

9,800

Urgench

Urgench

9,80

(Source: Air charter world)

 

Telecommunications networks

The number of fixed telephone lines in Uzbekistan has increased from 1,750,400 in 2004 to 1,856,600 in 2009, registering a CAGR of 1.2%. The use of fixed telephone lines has increased from 6.73 per 100 people in 2004 to 6.75 per 100 people in 2009.

(Source: ITU)

The number of mobile phone subscriptions rose from 541,000 in 2004 to 16,417,900 in 2009. The ratio of mobile phone subscriptions to fixed telephone lines was 8.8:1, indicating that the amount of mobile phones used in Uzbekistan is higher than the number of fixed telephone lines in use.

(Source: ITU)

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