GDP INCREASES BY SEVEN PERCENT

Ulaanbaatar /MONTSAME/ The Gross Domestic Product of Mongolia amounted to MNT 11,093.5 billion by the first nine months of 2014 in an assumption of comparable prices from 2010, showing an increase of seven percent against the same period of 2013. The National Statistics Office reports further, that this increase reflected positive changes of 15.4- percent in agricultural sector, of 15.3-percent in the industrial and construction sectors, and consists of rise in mining and expiring sectors (5%), agricultural industries (1.8%), and in other service industries (0.2%). As for the mining sector, the exploitation of copper concentrate increased 38 percent, of gold by 10.9 percent, and of but of iron ore concentrate doubled. In terms of annual prices, the GDP totaled 16,517.3 billion Togrog in the nine months of 2014, showing a 18.8-percent increase against the same period of 2013.