Running Header : UZBEKISTAN
ECONOMIC REFORMS OF UZBEKISTAN
Aditya N. Syafruddin
Located in the heart of Central Asia, Uzbekistan is poised to become an economic hub connecting Europe, Western Chine, the Middle East, South and Southeast Asia. It is a major producer and exporter of natural gas and has sizable reserves of petroleum, coal, and various metallic ores. It is a leading grower of cotton and also produces fruits and vegetables and karkul sheep. Uzbekistan is bordered by Kazakhstan on the northwest and north, Kyrgyzstan and Tajikistan on the east and southeast, Afghanistan on the south, and ...view middle of the document...
59, 2006 increased (PPP) to 50.31, in 2007 the (PPP) rose once again to 55.75, 2008 the GDP of (PPP) moved to 64.4 the fifth increase in (PPP) as many years, and finally 2009 brought a decrease in (PPP) which brought the total to 60.05. To get a better picture of what is actually happening to the GDP of (PPP) for Uzbekistan I have the percentage of increase/decrease for each year from 2005-2009. In 2005 it grew 8.18%, 2006 saw growth of 5.72%, 2007 rose again 10.81%, 2008 had the largest percentage increase of the five years coming in with 15.52%, and 2009 saw the first regression of growth by producing negative6.75% (Uzbekistan - GDP (purchasing power parity) (Billion $)).
Uzbekistan – GDP – Real Growth Rate (%)
The gross domestic product as it relates to the real growth rate is a countries GDP growth adjusted for inflation and shown as a percentage. In 2005 the real growth rate was 4.4%, 2006 it was 7%, 2007 the real growth rate was 7.3%, in 2008 the rate increased again another 9.5%, and in 2009 the real rate of growth was 9%. Over the past five years Uzbekistan’s gross domestic product of real growth rate percentage has steadily increased in each year from 2004-2008 with a one half of a percentage point decrease in 2009 (Uzbekistan – GDP – Real Growth Rate (%)).
Along with the above measurements for GDP per capita is currently estimated for 2010 at US $ 1,366. While the GDP per capita as it relates to (Purchasing Power Parity) is estimated for 2010 at $ 3,022 International Dollars. And the GDP separated by composition of sector is approximately: 26.7 % for agriculture, 39.7 % for Industry, and 33.5% related to services (Uzbekistan Country Report).
Uzbekistan has a population that consists of roughly 130 nationalities and compared to other Asian republics the population in Uzbekistan is one of the largest. The majority of the population consists of Uzbeks however some other nationalities that make up the population of Uzbekistan are: Russian, Kazakhs, Tatras, Karakalpaks, and Tajikhs. More than sixty percent of the country reside in the rural areas of the country were they are able to grow cotton, grapes, and lemons (Population of Uzbekistan).
Uzbekistan - Population
Population is considered the number of people who live in a particular city, state, or country. This being said Uzbekistan’s population has grown from approximately 26.85 million people in 2005 to nearly 27.61 million in 2009. This shows a 7.06% increase from 2005-2009 compared to the previous five year period of 2000-2004 (Uzbekistan – Population).
Uzbekistan – Population Growth Rate (%)
The population growth rate for Uzbekistan shows the annual percent increase/decrease in the population. We will take a look at the percentage change from years 2005-2009. In 2005 the population growth rate was 1.67%, in 2006 the growth rate increased to 1.7%, 2007 brought an increase of 1.732%, 2008 the growth slowed slightly only growing .965%, and in...