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Mongolia's GDP grows by 6.9% in third quarter of 2023 www.akipress.com
Mongolia's GDP grew by 6.9% in the third quarter of 2023 compared to last year, the country's National Statistical Office reported.
The increase in GDP was facilitated by the growth of value added in the services sector and the post-Covid recovery of the transport sector.
Experts from international banking and financial organizations expect that the Mongolian economy will continue to grow in near future. Mongolia's economy will grow 5.7% in 2023 and 5.9% in 2024, according to a September forecast by the Asian Development Bank (ADB).
The country's GDP grew by 4.8% in 2022, according to Mongolia's National Statistical Office.
Published Date:2023-11-20
