Friday, October 9, 2009

Uzbekistan, Economy (contd-2)

Increased in production of cotton has helpe to rank Uzbekistan as the second largest world exporter of cotton in My 1997/98, with projected exports of 4.9 million bales, a 7.1 percent increase over the 1996/97 level.Uzbekistan has a historically been the leading FSU cotton exporter and supplier, accounting for 61 %of FSU cotton exports in MY 87/88 and climbing to a projected 72 % in MY 97/98.

But Uzbekistan has a low GNI per capita (US $ 610) in current dollrs in 2006, giving a PPP equivalent (of US $ 2,250).

Agriculture employs 28 % of uzbekistan's labour forces and contributes about 24 % of GDP in 2006.