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Mongolia's economy grows 7.3 percent in 2019

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Christian Fernsby ▼ | December 31, 2019
The Mongolian economy grew around 7.3 percent year on year in 2019, compared to 1.2 percent in 2016, said Prime Minister Ukhnaa Khurelsukh in a New Year's message.
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Economy in Mongolia   Mongolian coal mine
In his speech, Khurelsukh reviewed the progress in the country in 2019.

Topics: Mongolia economy

"2019 is a great year for Mongolia as it has achieved progress in many sectors. Particularly, the gross domestic product grew around 7.3 percent year on year in 2019, compared to 1.2 percent in 2016," said Khurelsukh.

"In addition, the number of livestock animals in the country exceeded 70 million in 2019 for the first time in history," he said.

Also, the country harvested plenty of wheat and potatoes that can fully secure its domestic demand, said the prime minister.

The Mongolian government, he noted, will do its utmost to promote the country's socio-economic development and improve the livelihood of its people.


 

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