Mongolia's GDP up by 6.3 pct in first 3Qs
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E-mail Xinhua, November 15, 2019
ULAN BATOR, Nov.15 (Xinhua) -- Mongolia's gross domestic product (GDP) grew by 6.3 percent in the first nine months of this year, official data showed on Friday.
According to the National Statistics Office of Mongolia (NSO), the country's GDP reached 13.7 trillion Mongolian tugriks (5.07 billion U.S. dollars) in the first three quarters of 2019.
The growth was mainly attributed to good performance in the industry and construction sector and service sector, which increased 6 percent and 6.9 percent respectively, said the NSO.
The Asian country's GDP expanded 7.3 percent year-on-year in the first half of 2019.
The country's growth prospects continue to be positive going into 2019 and 2020, according to international banks and financial organizations.
According to the latest Asian Development Outlook 2019, flagship economic publication of the Asian Development Bank, economic growth in Mongolia will be at 6.7 percent in 2019 and 6.1 percent in 2020. Enditem
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