GDP of Uzbekistan increased by 5.1%
In accordance with the Program of State Statistical Works, State Committee of the Republic of Uzbekistan on Statistics made a preliminary estimate of gross domestic product for January-March 2018.
According to preliminary data, the GDP of the Republic of Uzbekistan in January-March 2018 in current prices amounted to 64 958.0 billion soums and increased by 5.1% compared to the corresponding period of the previous year. The index – the GDP deflator relative to the prices in January-March 2017 amounted to 137.4 %.
GDP per capita amounted to 1 986 thousand UZS, which is 3.3% more than in the corresponding period last year.
The largest contribution to GDP growth was made by the services sector (2.2 p.p.), which increased by 4.4% compared to January-March of the previous year. Trade, accommodation and food services, grew by 1.1%, transportation and storage, information and communication – by 7.1% and other services – by 4.6%.
As a result of ongoing large-scale construction of multi-apartment residential buildings, as well as implementation of investment projects for construction and modernization of enterprises in basic industries, the increase in the volume of construction work amounted to 12.2%. A positive contribution to GDP growth from construction industry sector is estimated at 0.8 p.p.