Diplomatic representation in US: chief of mission: Ambassador Fatikh TESHABAYEV chancery: (temporary) Suites 619 and 623, 1511 K Street NW, Washington, DC 20005 telephone: [1] (202) 638-4266, 4267 FAX: [1] (202) 638-4268 consulate(s) general: New York
US diplomatic representation: chief of mission: Ambassador Henry L. CLARKE embassy: 82 Chilanzarskaya, Tashkent mailing address: use embassy street address telephone: [7] (3712) 77-14-07, 77-10-81 FAX: [7] (3712) 77-69-53
Flag: three equal horizontal bands of blue (top), white, and green separated by red fimbriations with a crescent moon and 12 stars in the upper hoist-side quadrant
@Uzbekistan:Economy
Overview: Uzbekistan is a dry, landlocked country of which 10% consists of intensely cultivated, irrigated river valleys. It is one of the poorest states of the former USSR with 60% of its population living in overpopulated rural communities. Nevertheless, Uzbekistan is the world's third largest cotton exporter, a major producer of gold and natural gas, and a regionally significant producer of chemicals and machinery. Since independence, the government has sought to prop up the Soviet-style command economy with subsidies and tight controls on prices and production. Such policies have buffered the economy from the sharp declines in output and high inflation experienced by many other former Soviet republics. They had become increasingly unsustainable, however, as inflation moves along at 14% per month and as Russia has forced the Uzbek government to introduce its own currency. Faced with mounting economic problems, the government has begun to move on a reform agenda and cooperate with international financial institutions, announced an acceleration of privatization, and stepped up efforts to attract foreign investors. Nevertheless, the regime is likely to find it difficult to sustain its drive for economic reform.
National product: GDP - purchasing power parity - $54.5 billion (1994 estimate as extrapolated from World Bank estimate for 1992)
National product real growth rate: -4% (1994 est.)
National product per capita: $2,400 (1994 est.)
Inflation rate (consumer prices): 14% per month (1994 est.)
Unemployment rate: 0.3% includes only officially registered unemployed; large numbers of underemployed workers (December 1994)