Mongolia|economy|May 16, 2019 / 02:10 PM
Growth in Mongolia in 3 months was 8.6%

AKIPRESS.COM - Mongolia’s economy grew 8.6% in the first quarter of this year, accelerating from 6.2% growth in the same quarter in 2018 as coal exports and household spending surged, the National Statistics Office data showed on Wednesday.

Mongolia's exports showed an 18.2% increase in the first four months of 2019 over the same period of the previous year.

The rise was driven by exports of coal - the country’s top export - which surged by 21% to reach $963.5 million. Coal exports generate about 35% of Mongolia’s total export revenues.

Wholesale and retail trade grew 13.9% in the first quarter.

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