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    Uzbekistan Economics

    Uzbekistan reports 3.8% decline in small businesses, totaling 401,300 as of April

    Uzbekistan reports 3.8% decline in small businesses, totaling 401,300 as of April

    The number of small businesses operating in Uzbekistan stood at 401,300 as of the beginning of April. This figure represents a decrease of 3.8% compared to the same period in 2023, the State Statistics Agency reports.

    Photo: Small business
    Source: Peak Business Valuation
    A notable concentration of small businesses is observed in Tashkent with 87,600 enterprises, followed by the capital region with 37,100, and Samarkand with 36,300. In contrast, the lowest numbers are recorded in Navoi with 18,700, Jizzakh with 15,800, and Syrdarya with 10,500.

    The distribution of small enterprises by sector shows a prevalence in the trade sector with 155,300 businesses, followed by the industrial sector with 61,900, and agriculture, forestry, and fisheries with 35,500.

    The total volume of services provided by small businesses amounted to UZS 61.2 trillion ($4.8 bn), reflecting an annual increase of 22.1%. The retail trade sector generated UZS 60.4 trillion ($4.7 bn), up by 17.9%, and investment enterprises reported revenues of UZS 58.3 trillion ($4.6 bn), with a rise of 82%.

    It is estimated that micro, small, and medium enterprises faced a total loss of funds nearing $6 bn.

     

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    27.04.2024, 10:30   Comments (0)   2703
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