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Mongolia's GDP reaches 13.6 trillion tugriks, up 6.4% www.akipress.com
The economy of Mongolia is expected to grow by 5.5% in the second quarter of this year and by 5.4% in the first quarter of 2024, according to a survey conducted by the Bank of Mongolia among external experts.
According to the National Statistical Committee, Mongolia's gross domestic product increased by 6.4% to 13.6 trillion tugriks in 2015 prices as of the first half of the year. The mining sector accounted for 3.9% of the total growth, the service sector for 3.5%, and the agricultural sector for 1.7%.
The agricultural sector, which saw growth in 2022, contracted by 9.9% in the first half of 2023 due to drought. However, the value added of the industry and the construction sector, which had been declining steadily in previous years, reached 1.4 trillion tugriks, up 2.4% year-over-year, according to the National Statistical Committee.
Published Date:2023-08-21
