Market Research In Uzbekistan

Uzbekistan Profile:

Uzbekistan, officially also the Republic of Uzbekistan, is a doubly landlocked Central Asian state.
Uzbekistan is a major producer and exporter of cotton. The country also operates the largest open-pit gold mine in the world.
Uzbekistan has the fourth-largest gold deposits in the world, copper deposits rank tenth in the world and its uranium deposits twelfth.
Uzbekistan has become the largest electricity producer in Central Asia, Renewable energy constitutes more than 23% of the country’s energy sector, with hydroelectricity and solar energy having 21.4% and 2% respectively.
Uzbekistan is a member of the CIS, OSCE, UN, and the SCO.

Uzbekistan Economy:

Uzbek economy is in a gradual transition to the market economy, with foreign trade policy being based on import substitution.
The government has largely maintained its Soviet-style command economy with subsidies and tight controls on production, prices, and access to foreign currency.
Uzbek agriculture remains largely centered on cotton; Uzbekistan is the world’s fifth-largest cotton exporter and seventh-largest producer.
Uzbekistan’s growth has been driven primarily by state-led investments, and export of natural gas, gold, and cotton provides a significant share of foreign exchange earnings.
Recently, lower global commodity prices and economic slowdown in neighboring Russia and China have been hurting Uzbekistan’s trade and investment and worsening its problem of foreign currency shortage.

Uzbekistan Facts:

Population: 29.8 million
Capital: Tashkent
Largest city: Tashkent
Area: 447,400 sq km
Major language: Uzbek (official) 74.3%, Russian 14.2%, Tajik 4.4%, other 7.1%
Major religion: Muslim 88% (mostly Sunni), Eastern Orthodox 9%, other 3%
Life expectancy: 71 years (Male), 77.3 years (Female)
Monetary unit: 1 Sum (UZS) = 100 Tiyin
Main exports: Energy products, cotton, gold, mineral fertilizers, ferrous and nonferrous metals, textiles, foodstuffs, machinery, automobiles
GNI per Capita: $6,650

Our Market Research Services in Uzbekistan:

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