MIL-OSI Russia: Mongolia’s GDP grew by 2.4 percent in Q1 2025

Translation. Region: Russian Federal

Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

Source: People’s Republic of China – State Council News

ULAN BATOR, May 17 (Xinhua) — Mongolia’s GDP grew 2.4 percent in the first quarter of 2025 compared to the same period last year, the country’s National Statistical Committee said Saturday.

This figure was directly influenced by the increase in added value in the agricultural and service sectors, the official statement said.

According to the latest forecast of the Asian Development Bank (ADB), Mongolia’s economy will grow by 6.6 percent in 2025. ADB experts note that economic growth will be ensured by increasing mineral production, in particular by increasing the production of copper concentrate at the Oyu Tolgoi deposit.

According to the National Statistics Committee, Mongolia’s GDP grew by 4.9 percent in 2024. –0–

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