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Uzbekistan Agriculture: Reforms pave way for rapid growth
Important sector. Agriculture accounts for 19% of GDP and 27% of the workforce in Uzbekistan. The sector has been growing at some 6-7% (official figures) per year for the past decade or so.
Large market, strategic position. Uzbekistan has a population of 30 million, the largest in the region, and, as it moves out of isolation, may develop aspirations to become a regional leader in Central Asia.
Russian Agriculture Growth: Can Russia feed the world?
The Russian agricultural sector is growing quickly helped by protection from imports and significant investment. It is likely to continue to grow as infrastructure bottlenecks are addressed. This offers significant opportunities for investors as this is one of the few natural resource sectors where foreign investment is encouraged. The government is keen to encourage both exports and processing domestically.
Russia Agriculture Report
The world’s biggest country. Russia has one of the globe’s largest areas of arable land (120 mln hectares/296 mln acres). Agriculture accounts for 4% of GDP (vs. 1.3% in the US and 10% in China). Per capita consumer spending. Food and non-alcoholic drinks constitute a sizeable 31% of total per capita consumer expenditure, almost three times higher than in the EU or among OECD countries. Agriculture is one of the few growth sectors. We forecast Russia-s economy to decline by 3.5% YoY in 2015. However, the agricultural sector is on track for 2-3% growth, largely driven by a weak ruble and the food import ban imposed by the government in August 2014.