Seasonally adjusted GDP increases by 0.8 percent from previous quarter

Economy
e.altanzul@montsame.gov.mn
2018-11-15 17:27:46

Ulaanbaatar /MONTSAME/ In the first 9 months of 2018, by preliminary estimation of production approach, GDP of Mongolia at 2010 constant price reached MNT 12.8 trillion, increased by MNT 0.8 trillion (6.4 percent) compared to same period of previous year, according to the report of the National Statics Office, 

 

This increase was mainly due to increases in service sector by MNT 349.2 billion or 7.0 percent (wholesale and retail trade sector by MNT 88.5 billion or 6.5 percent) and net taxes on products by MNT 305.5 billion or 22.9 percent.

 

By preliminary estimation of production approach, GDP at current price reached to MNT 23.5 trillion, increased by MNT 3.1 trillion (15.1 percent) compared to same period of the previous year.

 

In the third quarter of 2018, seasonally adjusted GDP at 2010 constant prices increased by 0.8 percent compared with the previous quarter. By preliminary estimation of expenditure approach, in the first 9 months of 2018, GDP at current price by reached to MNT 22.9 trillion, increased by MNT 2.9 trillion (14.7 percent) compared to same period of previous year. By preliminary estimation of expenditure approach, GDP at 2010 constant price reached to MNT 12.7 trillion, increased by MNT 0.8 trillion (6.3 percent) compared to same period of previous year.

 

This increase was mainly due to increases of MNT 1.4 trillion (35.7 percent) in gross capital formation and MNT 1.2 trillion (12.7 percent) in export of goods and services.

Source: National Statistics Office