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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Mongolia's economy grows 7.3 pc in 2019: PM

| Updated: January 02, 2020 12:43:21


File photo (Collected) File photo (Collected)

The prime minister of Mongolia Ukhnaa Khurelsukh said the country’s economy grew around 7.3 per cent year on year in 2019, compared to 1.2 per cent in 2016.

The Prime Minister revealed the information in a New Year's message published on Tuesday.

He extended New Year greetings and good wishes to his people in a video clip published on the government's website.

In his speech, Khurelsukh reviewed the progress in the country in 2019, reports Xinhua.

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

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

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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