Confidus Solutions logotype

Confidus Solutions

Finance of Uzbekistan

The minimum monthly wage in Uzbekistan is 35 USD. Uzbekistan has a government debt of 8.8% of the country's Gross Domestic Product (GDP), as assessed in 2012. With regard to consumer prices, the inflation rate in Uzbekistan is 10.1%. The currency of Uzbekistan is Uzbekistani so'm. The plural form of the word Uzbekistani so'm is soms. The symbol used for this currency is som, and it is abbreviated as UZS. The Uzbekistani so'm is divided into tiyin; there are 100 in one so'm. Each year, consumers spend around $17,718 million. The ratio of consumer spending to GDP in Uzbekistan is 0.03%, and the ratio of consumer spending to the world consumer market is 5.11%. The corporate tax in Uzbekistan is set at 8%. Personal income tax ranges from 7.5% to 22%, depending on your specific situation and income level. VAT in Uzbekistan is 20%. In 2013, Uzbekistan received 255.2 million USD in foreign aid.In 2014, the foreign aid amounted to 203.1 USD.

Gross Domestic Product

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Uzbekistan is $172,298 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Uzbekistan was last recorded at $5,323,591. PPP in Uzbekistan is considered to be very good when compared to other countries. Very good PPP indicates that citizens in this country find it easy to purchase local goods. Local goods can include food, shleter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with very good PPP are safe locations for investments. The total Gross Domestic Product (GDP) in Uzbekistan is 57,210 billion. Based on this statistic, Uzbekistan is considered to have a medium economy. Countries with medium economies support an average number of industries and opportunities for investment. It should not be too difficult to find worthwhile investment opportunities in medium economies. The Gross Domestic Product (GDP) per capita in Uzbekistan was last recorded at $1,767,650. The average citizen in Uzbekistan has very high wealth. Countries with very high wealth per capita have an extended life expectancy and very high standard of living. Highly skilled workers can be found in many industries, and labor is very expensive in these countries. Countries with very high wealth offer opportunities for safe investments, as they are often supported by a diverse and thriving financial sector. GDP Annual Growth Rate in Uzbekistan averaged 7% in 2014. According to this percentage, Uzbekistan is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well.