Compare Uzbekistan (2008) - Uzbekistan (2007)

Compare Uzbekistan (2008) z Uzbekistan (2007)

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	Uzbekistan (2008)	Uzbekistan (2007)

Budget	revenues: $6.584 billion expenditures: $6.652 billion (2007 est.)	revenues: $5.288 billion expenditures: $5.206 billion (2006 est.)
Debt - external	$5.398 billion (31 December 2007 est.)	$4.767 billion (2006 est.)
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. US firms have not made major investments in Uzbekistan in the last six years.	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 December 2005, the Russians opened a "Trade House" to support and develop Russian-Uzbek business and economic ties. 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. US firms have not made major investments in Uzbekistan in the last 5 years.
Exchange rates	Uzbekistani soum per US dollar - 1,263.8 (2007), 1,219.8 (2006), 1,020 (2005), 971.265 (2004), 771.029 (2003)	Uzbekistani soum per US dollar - 1,219.8 (2006), 1,020 (2005), 971.265 (2004), 771.029 (2003), 423.832 (2002)
Executive branch	chief of state: President Islom KARIMOV (since 24 March 1990, when he was elected president by the then Supreme Soviet) head of government: Prime Minister Shavkat MIRZIYOYEV (since 11 December 2003); First Deputy Prime Minister Rustam AZIMOV (since 2 January 2008) cabinet: Cabinet of Ministers appointed by the president with approval of the Supreme Assembly elections: president elected by popular vote for a seven-year term (eligible for a second term; previously was a five-year term, extended by constitutional amendment in 2002); election last held 23 December 2007 (next to be held in 2014); prime minister, ministers, and deputy ministers appointed by the president election results: Islom KARIMOV reelected president; percent of vote - Islom KARIMOV 88.1%, Aslidden RUSTAMOV 3.2%, Dilorom TASHMUKHAMEDOVA 2.9%, Akmal SAIDOV 2.6%	chief of state: President Islom KARIMOV (since 24 March 1990, when he was elected president by the then Supreme Soviet) head of government: Prime Minister Shavkat MIRZIYAYEV (since 11 December 2003) cabinet: Cabinet of Ministers appointed by the president with approval of the Supreme Assembly elections: president elected by popular vote for a seven-year term (eligible for a second term; previously was a five-year term, extended by constitutional amendment in 2002); election last held 9 January 2000 (next to be held in 2007); prime minister, ministers, and deputy ministers appointed by the president election results: Islom KARIMOV reelected president; percent of vote - Islom KARIMOV 91.9%, Abdulkhafiz JALALOV 4.2%
Exports	6,941 bbl/day (2004)	NA bbl/day
Exports - partners	Russia 23.7%, Poland 11.6%, China 10.4%, Turkey 7.6%, Kazakhstan 5.9%, Ukraine 4.7%, Bangladesh 4.3% (2006)	Russia 23.7%, Poland 11.7%, China 10.4%, Turkey 7.7%, Kazakhstan 5.9%, Ukraine 4.7%, Bangladesh 4.3% (2006)
GDP - composition by sector	agriculture: 27.3% industry: 30.3% services: 42.4% (2007 est.)	agriculture: 27.6% industry: 29.4% services: 43% (2006 est.)
GDP - real growth rate	8.1% (2007 est.)	7.3% (2006 est.)
Imports	11,230 bbl/day (2004)	NA
Imports - partners	Russia 27.6%, South Korea 15.1%, China 10.3%, Germany 7.8%, Kazakhstan 7.2%, Ukraine 4.7%, Turkey 4.5% (2006)	Russia 27.8%, South Korea 15.2%, China 10.4%, Kazakhstan 7.3%, Germany 7.1%, Ukraine 4.8%, Turkey 4.5% (2006)
Industrial production growth rate	12% (2007 est.)	10.8% (2006 est.)
Inflation rate (consumer prices)	16% officially, but 38% based on analysis of consumer prices (2007 est.)	19.8% officially, but 38% based on analysis of consumer prices (2006 est.)
International organization participation	ADB, CIS, CSTO, EAEC, EAPC, EBRD, ECO, FAO, GCTU, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IDB, IFC, IFRCS, ILO, IMF, Interpol, IOC, ISO, ITSO, ITU, MIGA, NAM, OIC, OPCW, OSCE, PFP, SCO, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)	AsDB, CIS, CSTO, EAEC, EAPC, EBRD, ECO, FAO, GCTU, IAEA, IBRD, ICAO, ICCt (signatory), ICRM, IDA, IDB, IFC, IFRCS, ILO, IMF, Interpol, IOC, IPU, ISO, ITSO, ITU, MIGA, NAM, OIC, OPCW, OSCE, PFP, SCO, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO (observer)
Labor force	14.6 million (2007 est.)	14.43 million (2006 est.)
Pipelines	gas 9,725 km; oil 868 km (2007)	gas 9,594 km; oil 868 km (2006)
Telephone system	general assessment: antiquated and inadequate; in serious need of modernization domestic: the main line telecommunications system is dilapidated and telephone density is low; the state-owned telecom company, Uzbektelecom, is using a US$110 million loan from the Japanese government to improve main line services; mobile services are growing swiftly, with the subscriber base more than doubling in 2007 to 5.8 million international: country code - 998; linked by landline or microwave radio relay with CIS member states and to other countries by leased connection via the Moscow international gateway switch; after the completion of the Uzbek link to the Trans-Asia-Europe (TAE) fiber-optic cable, Uzbekistan will be independent of Russian facilities for international communications (2006)	general assessment: antiquated and inadequate; in serious need of modernization domestic: the main line telecommunications system is dilapidated; the state-owned telecom company, Uzbektelecom, is using a US$110 million loan from the Japanese government to improve main line services; mobile services are growing swiftly, with the subscriber base doubling in 2005 to 1.1 million; there are 6 main cellular providers currently in operation international: country code - 998; linked by landline or microwave radio relay with CIS member states and to other countries by leased connection via the Moscow international gateway switch; after the completion of the Uzbek link to the Trans-Asia-Europe (TAE) fiber-optic cable, Uzbekistan will be independent of Russian facilities for international communications (2006)
Telephones - mobile cellular	5.8 million (2007)	1.1 million (2005)
Unemployment rate	0.8% officially by the Ministry of Labor, plus another 20% underemployed (2007 est.)	3% officially by the Ministry of Labor, plus another 20% underemployed (2006)

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