Since acquiring its independence in 1991, Uzbekistan has experienced significant economic growth. Average annual GDP growth was 8.5% between 2006 and 2010. High positive growth was also maintained during the global economic crisis because of the low level of international integration of the financial sector. Uzbekistan has also recently changed status, from “low” to “lower-middle” income country, attaining a GNI per capita of US$1,280 in 2010. Yet the country only has a “medium” Human Development Index (HDI) with a value of 0.641 and is ranked 115th of 187 countries, which stems from several development challenges.
KEY TRADE ISSUES
The government priorities, defined in the National Welfare Improvement Strategy 2008-2010 (with monitoring perspectives to 2015), are to:
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