Mongolia GDP growth reaches 6.3 percent www.news.mn
The growth of Mongolia’s gross domestic product (GDP) reached 6.3 percent in the first half of 2018, according to preliminary data released by the National Statistics Office on Thursday.
The GDP totaled MNT eight trillion (USD 3.2 billion) in the January-June period of 2018, an increase of over MNT 475.2 billion (USD 193 million) compared to the same period last year.
The data indicated, that the growth is a result of the MNT 192.1 billion tax revenue growth and the favorable performance of the service sector,.
The impressive statistics contrast with those of the World Bank which predicted Mongolia’s economy growth would be 3.1 percent in 2018.