On the supply side, industry, supported by recovery in mining and expansion in manufacturing, lifted GDP growth by 2.1 percentage points, and services added another 3.7 percentage points. Search and explore the world’s largest statistical database to find data. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. Knoema is the most comprehensive source of global decision-making data in the world. Sources: World Bankwww.1212.mnHuman Development Report 2018; 2019. Leverage our AI Workflow Tools and online data environment to manipulate, visualize, present, and export data. Mongolia GDP (Gross Domestic Product) was INT$34.22billion for 2019 in PPP terms. In order to preserve the region's ecological system, we have carried out a number of decisive and controlled projects. Annual percentage growth rate of GDP at market prices based on constant local currency. License: CC BY-4.0 Line Bar Map. Though Mongolia real GDP growth fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 5.1 % in 2019. GDP Growth Rate in Mongolia is expected to be 6.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. It is calculated without making deductions for depreciation of fabricated assets or for … Greening Growth in Mongolia. The region is now more globally connected and has become a logistics hub for exports to Europe. GDP From Manufacturing in Mongolia averaged 236863.49 MNT Million from 2010 until 2019, reaching an all time high of 547603.20 MNT Million in the fourth quarter of 2019 and a record low of 120048.10 MNT Million in the first quarter of 2010. Investment remained the main source of growth, contributing 12.6 percentage points to the country’s GDP. Mining investment will continue but a slowdown in the growth of mining investment, however, is expected to temper 2019 gross domestic product (GDP) growth. In order to preserve the region's ecological system, we have carried out a number of decisive and controlled projects. Mongolia's GDP expected to contract by 2.6% in 2020 and grow by 5.1% in 2021 – ADO 2020 Update Mongolia's inflation rates forecasted at 5.6% in 2020 and 8.2% in 2021 – ADO 2020 Update GDP growth ", Li Jiheng, the secretary of the Inner Mongolia Autonomous Regional Committee of the CPC said, "Green growth is at the heart of development. Looking forward, we estimate GDP Annual Growth Rate in Mongolia to stand at 6.50 in 12 months time. 6 ADB Avenue, Mandaluyong City 1550, Metro Manila, Philippines. We have established multidisciplinary and multilevel exchange cooperation mechanisms with Russia and Mongolia, and we have made joint efforts in building infrastructure interconnection, economic and trade cooperation, and humanities exchanges.
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