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GDP growth in Uzbekistan makes 7.5% in Q1 2014 in annual terms, EDB reports

Bishkek (AKIpress) - GDP3 The GDP growth in Uzbekistan continued to be high in the first quarter of 2014 (7.5%) in annual terms, according to the CIS Macromonitor published by the Eurasian Development Bank's Research Department.

The trend is observed due to the high investment activity (+10.1%) and growth of real incomes of the population (+12.8%), attraction of foreign investments ($525 million over Q1 2014 that was 1.7 times higher compared to Q1 2013), and active bank lending to the economy (+31.2%).

The labor productivity in industry grew by 7.2%, the cost of production was reduced on average by 8.8%, while the energy intensity of GDP – by 15%. Exports grew by 8.4% in volume terms.

Related news:

Uzbekistan's GDP growth makes 8.1% in H1 2014


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