Uzbekistan has the fourth largest gold deposits in the world. The country mines 80 tons of gold annually, seventh in the world. Uzbekistan's copper deposits rank tenth in the world and its uranium deposits twelfth. The country's uranium production ranks seventh globally. The Uzbek national gas company, Uzbekneftgas, ranks 11th in the world in natural gas production with an annual output of 60 to 70 billion cubic meters. The country has significant untapped reserves of oil and gas: there are 194 deposits of hydrocarbons in Uzbekistan, including 98 condensate and natural gas deposits and 96 gas condensate deposits.
The largest corporations involved in Uzbekistan's energy sector are the China National Petroleum Corporation (CNPC), Petronas, the Korea National Oil Corporation, Gazprom, Lukoil, and Uzbekneftgas.
Along with many Commonwealth of Independent States or CIS economies, Uzbekistan's economy declined during the first years of transition and then recovered after 1995, as the cumulative effect of policy reforms began to be felt. It has shown robust growth, rising by 4% per year between 1998 and 2003 and accelerating thereafter to 7%–8% per year. According to IMF estimates, the GDP in 2008 will be almost double its value in 1995 (in constant prices). Since 2003 annual inflation rates averaged less than 10%.
Uzbekistan has a very low GNI per capita (US$610 in current dollars in 2006, giving a PPP equivalent of US$2,250). By GNI per capita in PPP equivalents Uzbekistan ranks 169 among 209 countries; among the 12 CIS countries, only Kyrgyzstan and Tajikistan had lower GNI per capita in 2006. Economic production is concentrated in commodities. In 2011, Uzbekistan was the world's seventh-largest producer and fifth-largest exporter of cotton as well as the seventh largest world producer of gold. It is also a regionally significant producer of natural gas, coal, copper, oil, silver and uranium.
Agriculture employs 28% of Uzbekistan's labour
