Ulaanbaatar
Average household income grows by 6.6 percent
Economy
Ulaanbaatar/MONTSAME/. According to the result of Household
Socio-Economic Survey of the first quarter of 2020, the monthly average
household income was MNT 1.5 million, increased by MNT 248.5 (19.7%) thousand
compared to the same period of the previous year and increased by MNT 133.6
(9.7%) thousand from the previous quarter. The monthly average household
expenditure was MNT 1.6 million, increased by MNT 228.2 (17.1%) thousand
compared to the same period of the previous year, and increased by MNT 120.5
(8.3%) thousand from the previous quarter.
The monthly average household real income (adjusting the
price changes) in the first quarter of 2020 was MNT 1.2 million, increased by
MNT 134.1 (12.6%) thousand compared to the same period of the previous year and
increased by MNT 74.6 (6.6%) thousand from the previous quarter.
Also, the income structure of households with average
monthly household income more than MNT 1.6 million shows that 60.4% is income
from wages and salaries, 9.8% is income from pensions and allowances, 7.6% is
income from household’s agricultural production, 8.9% is income from household’s
non-agricultural production and services, and 13.3% is from other income.
The monthly average household real expenditure (adjusting
the price changes) in the first quarter of 2020 was MNT 1.2 million, increased
by MNT 114.0 (10.1%) thousand compared to the same period of the previous year
and increased by MNT 62.6 (5.3%) thousand from the previous quarter.
Source: National Statistics Office
