Asia > Uzbekistan > Economy

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Agriculture > products cotton, vegetables, fruits, grain; livestock
Aid as % of GDP	2.4%		[65th of 129]
Definition: Economy > Aid as % of GDP
Source: CIA World Factbook, 28 July 2005
Debt > External	$3,927,000,000.00		[101st of 136]
Definition: Economy > Debt > External
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Distribution of family income > Gini index	36.8		[22nd of 43]
Definition: Economy > Distribution of family income > Gini index
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economic freedom	0.75		[150th of 156]
Definition: Economy > Economic freedom
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Economy > Overview Uzbekistan is a dry, landlocked country of which 11% consists of intensely cultivated, irrigated river valleys. More than 60% of its population lives in densely populated rural communities. Uzbekistan is now the world's second-largest cotton exporter and fifth largest producer; it relies heavily on cotton production as the major source of export earnings. Other major export earners include gold, natural gas, and oil. Following independence in September 1991, the government sought to prop up its Soviet-style command economy with subsidies and tight controls on production and prices. While aware of the need to improve the investment climate, the government still sponsors measures that often increase, not decrease, its control over business decisions. A sharp increase in the inequality of income distribution has hurt the lower ranks of society since independence. In 2003, the government accepted Article VIII obligations under the IMF, providing for full currency convertibility. However, strict currency controls and tightening of borders have lessened the effects of convertibility and have also led to some shortages that have further stifled economic activity. The Central Bank often delays or restricts convertibility, especially for consumer goods. Potential investment by Russia and China in Uzbekistan's gas and oil industry may boost growth prospects. In November 2005, Russian President Vladimir PUTIN and Uzbekistan President KARIMOV signed an "alliance," which included provisions for economic and business cooperation. Russian businesses have shown increased interest in Uzbekistan, especially in mining, telecom, and oil and gas. In 2006, Uzbekistan took steps to rejoin the Collective Security Treaty Organization (CSTO) and the Eurasian Economic Community (EurASEC), both organizations dominated by Russia. Uzbek authorities have accused US and other foreign companies operating in Uzbekistan of violating Uzbek tax laws and have frozen their assets.
Definition: Economy > Economy > Overview
Source: The Heritage Foundation
Exports	$8,050,000,000.00		[87th of 189]
Definition: Economy > Exports
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GDP	$17,178,420,000.00		[83rd of 203]
Definition: Economy > GDP
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
GDP > PPP	$48,514,000,000.00		[70th of 163]
Definition: Economy > GDP > PPP
Source: World Development Indicators database and CIA World Factbook
GDP > Real growth rate	9.5%		[18th of 198]
Definition: Economy > GDP > Real growth rate
Source: World Bank. 2005. World Development Indicators 2005.
GINI index	36.77		[23rd of 40]
Definition: Economy > GINI index
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Gross National Income	$13,820,900,000.00		[69th of 172]
Definition: Economy > Gross National Income
Source: World Development Indicators database
Human Development Index	0.694		[112nd of 178]
Definition: Economy > Human Development Index
Income category	Low income
Definition: Economy > Income category
Source: Human Development Report 2006, United Nations Development Programme
Income distribution > Poorest 10%	1.2%		[101st of 114]
Definition: Economy > Income distribution > Poorest 10%
Source:
Income distribution > Richest 10%	32.8%		[41st of 114]
Definition: Economy > Income distribution > Richest 10%
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Population below poverty line	33%		[25th of 46]
Definition: Economy > Population below poverty line
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC
Poverty > Share of all poor people	0.08 % of world's poor		[46th of 80]
Definition: Economy > Poverty > Share of all poor people
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008
Public debt	18.7 % of GDP		[96th of 121]
Definition: Economy > Public debt
Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling
Tourist arrivals	253,000		[94th of 152]
Definition: Economy > Tourist arrivals
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008

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