1 NEW U.S. GOVERNMENT PROJECT TO STRENGTHEN WOMEN AND YOUTH ENGAGEMENT IN MONGOLIA WWW.MN.USEMBASSY.GOV PUBLISHED:2020/06/04      2 IMF EXECUTIVE BOARD APPROVES US$99 MILLION DISBURSEMENT UNDER THE RAPID FINANCING INSTRUMENT TO MONGOLIA TO ADDRESS THE COVID-19 PANDEMIC WWW.IMF.ORG PUBLISHED:2020/06/04      3 BOM PURCHASES 1.7 TONS OF PRECIOUS METAL IN MAY WWW.MONTSAME.MN PUBLISHED:2020/06/04      4 ADB OPENS MONGOLIAN TOGROG-LINKED BOND MARKET WWW.ADB.ORG PUBLISHED:2020/06/04      5 COAL EXPORT FALLS BY 2.4 TIMES WWW.MONTSAME.MN PUBLISHED:2020/06/04      6 CASHMERE AND COVID: MONGOLIAN SALES FALL BY 70 PERCENT WWW.NEWS.MN PUBLISHED:2020/06/04      7 BLASTS AT ANCIENT ABORIGINAL SITE EXPOSE WIDENING ESG FRONTLINE WWW.MINING.COM PUBLISHED:2020/06/04      8 BOP DEFICIT REACHES USD 665.4 MILLION WWW.ZGM.MN PUBLISHED:2020/06/04      9 15,000 PEOPLE TESTED FOR COVID-19 NATIONWIDE WWW.MONTSAME.MN PUBLISHED:2020/06/03      10 MANDAKH UNIVERSITY STEPS UP ONLINE LEARNING IN MONGOLIA WWW.EBRD.COM PUBLISHED:2020/06/03      МОНГОЛ УЛС I-V САРД 17.5 САЯ ШИРХЭГ АМНЫ ХААЛТ ИМПОРТОЛЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/06/03     I-V САРД НЕФТИЙН САЛБАР 248 САЯ АМ.ДОЛЛАРЫН АЛДАГДАЛТАЙ ХУДАЛДАА ХИЙГЭЭД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/06/03     $-ЫН ХАНШИЙН ӨСӨЛТ БИЗНЕСҮҮДИЙГ ХАМГИЙН ИХ ЗОВООЖ БАЙНА WWW.ZGM.MN НИЙТЭЛСЭН:2020/06/03     ПЕТРОВИС ГРУПП КОМПАНИЙН НИК, ПЕТРОСТАР КОМПАНИУД ТОП 100 ААН-Д ДАХИН ШАЛГАРЛАА WWW.EAGLE.MN НИЙТЭЛСЭН:2020/06/03     ГАРЫН САВАНГИЙН ИМПОРТ ӨМНӨХ ОНЫХООС 7 ДАХИН ӨСЖЭЭ WWW.IKON.MN НИЙТЭЛСЭН:2020/06/03     2020 ОНЫ ЭХНИЙ УЛИРАЛД ЗЭЭЛИЙН ДАНСНЫ ТОО 5.3 ХУВИАР БУУРЧЭЭ WWW.IKON.MN  НИЙТЭЛСЭН:2020/06/03     МОНГОЛБАНК 1.7 ТН ҮНЭТ МЕТАЛЛ ХУДАЛДАН АВЧЭЭ WWW.EAGLE.MN НИЙТЭЛСЭН:2020/06/03     87.5 МЯНГАН ШИРХЭГ КОРОНАВИРУСИЙН ОНОШЛУУР ИМПОРТОЛЖЭЭ WWW.EAGLE.MN  НИЙТЭЛСЭН:2020/06/03     МОНГОЛ УЛСАД “COVID-19”-ИЙН БАТЛАГДСАН НИЙТ ТОХИОЛДОЛ САР ХҮРЭХГҮЙ ХУГАЦААНД 4 ДАХИН НЭМЭГДЭЭД БАЙНА WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/06/02     ТӨЛБӨРИЙН ТЭНЦЛИЙН АЛДАГДАЛ ОГЦОМ ӨСЖЭЭ WWW.BLOOMBERGTV.MN НИЙТЭЛСЭН:2020/06/02    

Mongolia’s GDP rises 8.6 percent in Q1 www.zgm.mn

In the first quarter of 2019, GDP of Mongolia at 2010 constant price reached MNT 3.5 trillion by preliminary estimation of production approach, increased by MNT 279.9 billion or 8.6 percent compared to the same period of the previous year. This increase was mainly driven by the 8 percent increase in the service sector, which is worth MNT 127.7 billion (wholesale and retail trade sector by MNT 52.2 billion or 13.9 percent) and industry, construction sector by MNT 124.9 billion or 11.2 percent.

In addition, the inflation measured by the consumer price index (CPI) at the national level increased by 1 percent from the previous month, by 2.8 percent from the end of the previous year and by 7 percent yoy.

7 percent increase of CPI was mainly contributed by increases in prices of food and non-alcoholic beverages group by 8.3 percent (meat and meat products by 20.4 percent, non-alcoholic beverages by 6.6 percent and milk, dairy products and eggs by 1.5 percent), alcoholic beverages and tobacco group by 3.6 percent, transport by 5.5 percent, housing, water, electricity and fuels group by 8.9 percent (electricity, gas and other fuels by 9.6 percent), and health by 9.5 percent.

The money supply (broad money or M2) reached MNT 19.9 trillion at the end of April 2019, showing an increase of MNT 188.7 billion from the previous month and by MNT 3.6 trillion from the same period of the previous year.

The national currency in circulation reached MNT 933 billion, increased by MNT 35.2 billion or 3.9 percent from the previous month. But the number is MNT 4.6 billion lower than the previous year.

In the first four months of 2019, the total equilibrated revenue and grants of the General Government Budget amounted to MNT 3.1 trillion and total expenditure and net lending amounted to MNT 2.8 trillion, resulting in a surplus of MNT 286.5 billion in the equilibrated balance.

In April, the equilibrated revenue and grants of the General Government Budget reached MNT 968.6 billion, an increase of MNT 259.5 billion or 36.6 percent, whereas total expenditure and net lending reached MNT 876.4 billion, and by MNT 59.6 billion or 7.3 percent from the previous month. In the first quarter of 2019, current and capital account balance deficit by preliminary result reached USD 277.4 million, which is USD 70.8 million lower compared to the same period of last year. The current account deficit reached USD 297.6 million, which was mainly due to USD 553.2 million deficit in services account and USD 196.2 million deficit in the primary account.



Published Date:2019-05-16