BAKU, Azerbaijan, Jan. 22
By Klavdiya Romakayeva - Trend:
Despite a significant reduction in the volume of market services provided in the transport sector of Uzbekistan, their share in the total volume of services remains dominant, amounting to 24.6 percent, Trend reports referring to the State Statistics Committee of Uzbekistan.
According to the Committee, the volume of market services provided in Uzbekistan in J 2020 reached 219 trillion soums ($20.9 billion), and the nominal volume increased by 25 trillion soums ($2.4 billion) increasing by 2.3 percent compared to 2019.
Official statistics recorded high growth in financial services (25.6 percent), communication and information services (15.3 percent), as well as in education services (7.4 percent) and trade (1.7 percent).
For all other types of activity in this economic sector, there is a decrease in rates, compared to the same period in 2019.
Accommodation and food services (-13.5 percent), healthcare services (-10.1), real estate services (-8.9), transport services (-8.4 percent) services in the architecture field (-6.3) came out with a minus mark in relation to the previous year.
Committee reports that the largest share in the structure of provided market services by type of economic activity in 2020 fell on trade services, amounting to 25.8 percent.
Also, the share of financial services in 2020 in the total volume accounted for 20.9 percent. State Statistics Committee noted that the volume of financial services is taken into account by the volume of interest income received from financial intermediation (in the amount of payment for them), as well as in the form of payment for the services of a financial institution to provide a loan or keep a deposit.
It was noted that the share of Tashkent in the total volume of market services in 2020 was the most significant - 36.3 percent (34 percent in 2019).
In addition, the volume of market services provided per capita for the reported period reached 6.4 million soums ($609), increasing by 0.4 percent. This indicator among the regions ranges from 30.3 million soums ($2,887) in Tashkent to 2.98 million ($284) soums in the Surkhandarya region.
Committee’s report also said that the development of the service sector in Uzbekistan depends on the increasing paying capabilities and preferences of the population, as well as the development of small businesses that can meet consumer demand, especially for modern types of services using ICT.
Also, the volume of production of services, on the one hand, is influenced by such factors as income and preferences of households, tariffs for services, on the other, investment, tax, monetary and scientific and technical policies, as well as the development of small businesses based on new technologies.
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