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Mongolia|economy|November 18, 2020 / 04:01 PM
Mongolia's GDP decreased by 7.3% in 9 months

AKIPRESS.COM - Mongolia's GDP amounted to MNT 26.4 trillion in the first 9 months decreasing by MNT 953.5 billion or 3.5% year on year.

GDP at 2010 constant prices was MNT 12.7 trillion, which is decreased by MNT 1.0 trillion (7.3%) compared to the first 9 months of 2019.

The 7.3% decrease in GDP at 2010 constant prices from the first 9 months of 2019 was mainly due to MNT 595.5 billion or 20.7% decrease in value added of the mining and quarrying sector and MNT 401.4 billion or 7.0% decrease in value added of the service sector, Montsame reports. 

In the third quarter of 2020, seasonally adjusted GDP (at 2010 constant prices) increased by 4.4% compared to the previous quarter.

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