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NSO releases its January socio-economic report www.gogo.mn
Individuals earning 500,000 to 700,000 MNT a month made up 19.9 percent of the population in 2017, falling to 17 percent in January 2018. The economy saw 5.1 percent growth in 2017.
The nation's gross domestic product (GDP) reached 16.9 trillion MNT based on 2017's preliminary data, an increase of 5.1 percent over 2016.
As of January 2018, the state budget’s balanced income was 530.4 billion MNT, expenditure for debt repayment was 416.2 billion MNT, giving the balance an 114.2 billion MNT surplus.
Tax income increased by 29.8 percent compared to 2016, reaching 468.6 billion MNT.
Income tax increased by 44 billion MNT,
Social insurance income by 24.5 billion MNT,
Excise tax income by 24.1 billion MNT,
Foreign activity income rose by 10.6 billion MNT over January 2017.
Foreign trade volume reached 785 million MNT, with export totaling 423.8 million USD and import 361.1 million USD.
The consumer price index increased by 1.4 percent over December 2017, and by 6.9 percent compared to January 2017. Retail sector sales reached 15.6 trillion MNT in 2017, which increased by 18.4 percent over 2016.
Published Date:2018-02-19
