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Uzbekistan
Chamber of Commerce Country Factsheet Last update: 15.05.2017

Your advisors at the Chamber of Commerce

  • Steven Koener
    +352423939379
  • Diana Rutledge
    +352423939335
Contact us: cis@cc.lu

Key Indicators

Area
447,400 km2
Population
29,199,942 (July 2015 est.)
Government type
republic; authoritarian presidential rule, with little power outside the executive branch
Languages
Uzbek (official) 74.3%, Russian 14.2%, Tajik 4.4%, other 7.1%
GDP
$187.9 billion (2015 est.)
Growth rate
8% (2015 est.)
HDI
114
Capital
Tashkent

 

Introduction

Russia conquered the territory of present-day Uzbekistan in the late 19th century. Stiff resistance to the Red Army after the Bolshevik Revolution was eventually suppressed and a socialist republic established in 1924. During the Soviet era, intensive production of "white gold" (cotton) and grain led to overuse of agrochemicals and the depletion of water supplies, which have left the land degraded and the Aral Sea and certain rivers half dry. Independent since 1991, the country seeks to gradually lessen its dependence on the cotton monoculture by diversifying agricultural production while developing its mineral and petroleum reserves and increasing its manufacturing base. Current concerns include terrorism by Islamic militants, economic stagnation, and the curtailment of human rights and democratization.

Source: The CIA World Factbook - Uzbekistan

 

Macroeconomic indicators

IMF Statistics: 

Subject descriptor20142015201620172018
Gross domestic product, constant prices
Percent change
8.1008.0006.0005.9746.037
Gross domestic product, current prices
U.S. dollars (Billions)
63.17965.50366.79767.13970.848
Gross domestic product per capita, current prices
U.S. dollars (Units)
2,064.4082,114.9742,131.1742,116.6782,207.145
Inflation, average consumer prices
Percent change
9.0798.4648.3779.5859.663
Volume of imports of goods and services
Percent change
-1.225-0.6007.6544.3155.649
Volume of exports of goods and services
Percent change
-4.74124.324-13.4474.3766.787
Current account balance
U.S. dollars (Billions)
0.4540.0930.0640.1590.110
Current account balance
Percent of GDP
0.7190.1420.0960.2370.155
Colored cells are estimates

Source: IMF Statistics - Uzbekistan

 

Luxembourg and the country

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 02.07.97 (Memorial 2000, A, no. 85, pp. 2012)
  • Effective as of 09.01.2000 (Memorial 2000, A, p. 2560)

Air Services agreement

None

Source: Administration des Contributions Directes

Annuler les modifications

 

 

 

Further information

Foreign Trade

The Statec Foreign Trade statistics provide information on the trade of goods - by product and by country. This information is collected respectively through the INTRASTAT declaration and on the basis of customs documents.

You can see the statistics on the website of the Statec.

Contact point in Uzbekistan

Economic and Commercial Attaché (AWEX): 

Mrs. Dominique TOURNEUR

1, Turab Tula Street
100066 Tashkent
Tel: +245 72 45/998 71 239 48 09
Fax: +998 71 140 37 73
E-mail: tachkent(at)awex-wallonia.com 

Source: www.mae.lu
Source: www.awex.com 

Country risk as defined by Office du Ducroire for Uzbekistan

Ducroire is the only credit insurer covering open account deals in over 200 countries. A rating on a scale from 1 to 7 shows the intensity of the political risk. Category 1 comprises countries with the lowest political risk and category 7 countries with the highest. Macroeconomics experts also assess the repayment climate for all buyers in a country.

Link: Ducroire Office - Country Risk for Uzbekistan

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