Data show economy is improving - News.MN

Data show economy is improving

Old News! Published on: 2010.12.23

Data show economy is improving

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Г. Нэргүй
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The National Statistics Office has released
figures for key indices in several social and economic sectors.


The national consumer
price index rose 1.5 percent over the previous month, 10.3 percent over the end
of 2009, and 11.1 percent over November last year.

Of the 1,192,700 people aged 15 and above
and fit for work, 53.4 percent are men. Of the total, 103,100 were unemployed,
of whom 59,500 were male. The percentage of unemployment was 8.6 nationwide, a
fall of 1.9 percent, and 10.5 percent in Ulaanbaatar, 3.1 percent less than in
2009. The number of registered job hunters at the end of November was 2.2
percent more than in 2009.        

The General Government Budget showed a
surplus of MNT 71.0 billion at the end of November. The current account surplus
stood at MNT 669.0 billion. Tax revenue was MNT 916.7 billion or 65.3 per cent
more than in 2009. Receipts from the windfall profit tax rose MNT 221.5 billion
or 250 percent, from corporate income tax MNT155.6 billion or 84.9 percent,
from value added tax MNT209.8 billion or 72.8 percent, and from excise tax
MNT97.9 billion or 67.5 percent.           

Industrial output rose 12.0 percent in the first 11 months of 2010.

The total turnover of trade with 130
countries in the first 11 months of 2010 reached USD 5,421.8 million, a rise of
51.0 percent. Exports accounted for USD 2,550.6 million of this, showing an
increase of 52.0 percent, while imports amounted to USD 2,871.1 million, rising
50.2 percent. External trade balance deficit stood at USD 320.5 million, rising
37.1 percent.

Average monthly household income in the
third quarter of 2010 was MNT425,200, 24.2 percent more than in the same period
of 2009. Average expenses were MNT465,400, a rise of 23.2 percent.

Altogether  90.7 percent of the
total construction and installation work in the first 11 months of 2010, valued
at MNT 207.1 billion, were executed by domestic entities.

The number of railway passengers in the
first 11 months of 2010 rose 13.0 percent and the volume of freight by 19.0
percent. The revenue from railway transport increased by 36.5 percent. The
number of air passengers grew by 27.1 percent, and the volume of freight
by  21.6 percent. Revenue from air
transport increased by 13.6 percent.

Altogether 556,800 people were registered
in social insurance, of whom 342,700 or 61.6 per cent were from Government
establishments, and the rest from the private sector.  The total amount of pensions paid in the
first 11 months of 2010 was MNT322.9 billion, of which retirement pensions
accounted for 73.6 per cent, pensions for the disabled 12.6 percent,
breadwinner loss pension 7.1 per cent, and military pension 6.7 percent.

In these 11 months, social welfare pensions
and benefits were paid to 55,700 people, 1,200 or 2.2 percent more than in the
same period of 2009. The total amount paid was up by MNT1.9 billion or 8.3 per
cent. Altogether MNT228.6 billion was distributed to 2.6 million people from
the Human Development Fund on the first 11 months of 2010
.

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