OREANDA-NEWS. February 27, 2012. Implementation of measures within the State programme “Year of Small Business and Private Enterprise” stimulated the creation of 35,000 new small business enterprises (excluding private farms) in Uzbekistan.

In the reporting period small business entities produced 54% of the total volume of GDP of Uzbekistan, which is 1,5 percentage points more than in January-December 2010.

The share of small enterprises and microfirms in GDP production was 33.7% in January-December 2011 versus 32.7% in January-December 2010.

In January-December 2011, small business entities provided employment to 8.914 million persons (74.8% of total persons employed in the economy), including 6.575 million persons of the individual sector and 2.338 million persons of small enterprises and microfirms.

The number of persons engaged in the private sector of small business was 8.204 million or 92% of total employment in the sphere of small business.

The sector produced industrial output to the amount of 8.743 trillion soums (21% of total industrial production), which grew by 23.3% year-on-year.

Small businesses utilized 5.788 trillion soums of investments (31.6% of total utilized investments), which rose by 17.5% compared to January- December 2010.

They executed construction works for 6.514 trillion soums (69% of total construction works), which grew by 38.9% to the level of January-December 2010.

The sector ensured the growth of freight turnover of motor transport by 8.2% (77.9% of total freight turnover) and passenger turnover by 10% (86.3% of total passenger turnover).

Small businesses formed 47% (13.295 trillion soums) of total retail trade turnover (the growth rate - 8.4%) and 46.4% (4.894 trillion soums) of total paid services (+14.1%).

They exported goods to the amount of US.828 billion (18.8% of total exports), which is 58.6% more compared to January-December 2010. The sector imported goods for US.935 billion (37.4% of total imports), which rose by 19.7% year-on-year.