Economic Archives - Page 10 of 94 - News.MN

Mongolia’s GPD rose by 7.9 percent in the first quarter

Mongolia’s gross domestic product (GDP) expanded by 7.9 percent year-on-year in the first quarter of this year, the country’s National Statistics Office (NSO) reported.

The increase was mainly thanks to a significant growth of the mining exports.

Mongolia’s economy grew 4.8 percent

Fitch Affirms Mongolia at ‘B’; Outlook Stable

Mongolia’s ratings are underpinned by favourable medium-term growth prospects and high per capita income relative to ‘B’ rated peers. The ratings are constrained by the country’s high reliance on external funding and commodity exports to China amid high external debt

Mongolia exports about 1,000 gers per year

Mongolia exports about 1,000 gers (yurts) per year to China, Russia, Australia, Belgium, Canada, Germany, Spain, France, England, the Netherlands, South Korea, the USA, Hungary and other countries.

Most of the yurts are exported through intermediaries, which are often foreign citizens

Inflation in Mongolia soared 11.3 percent in April

Inflation in Mongolia, measured by the consumer price index, rose 11.3 percent year-on-year in April, data from the country’s National Bureau of Statistics showed. The increase was mainly due to higher prices for imported goods, especially food.

More than half of

Mongolian Gers are being Exported to the USA and Australia

Mongolian ger, or yurt as it is known worldwide, is attracting many people as eco-friendly, affordable home for off-grid living, glamping and a variety of other purposes such as yoga studio.

Mongolia exports around 1000 yurts a year to China, Russia,

New IMF Resident Representative arrives Mongolia

On 8 May, Finance Minister B.Javkhlan met with newly appointed International Monetary Fund (IMF) Resident Representative in Mongolia Tigran Poghosyan, who is in Mongolia on a two-week study visit.

The sides exchanged views on the current economic situation in Mongolia the intensification