Data show economy is improving

The National Statistics Office has released figures for key indices in several social and economic sectors.

The national consumer price index rose 1.5 percent over the previous month, 10.3 percent over the end of 2009, and 11.1 percent over November last year.

Of the 1,192,700 people aged 15 and above and fit for work, 53.4 percent are men. Of the total, 103,100 were unemployed, of whom 59,500 were male. The percentage of unemployment was 8.6 nationwide, a fall of 1.9 percent, and 10.5 percent in Ulaanbaatar, 3.1 percent less than in 2009. The number of registered job hunters at the end of November was 2.2 percent more than in 2009.

The General Government Budget showed a surplus of MNT 71.0 billion at the end of November. The current account surplus stood at MNT 669.0 billion. Tax revenue was MNT 916.7 billion or 65.3 per cent more than in 2009. Receipts from the windfall profit tax rose MNT 221.5 billion or 250 percent, from corporate income tax MNT155.6 billion or 84.9 percent, from value added tax MNT209.8 billion or 72.8 percent, and from excise tax MNT97.9 billion or 67.5 percent.

Industrial output rose 12.0 percent in the first 11 months of 2010.

The total turnover of trade with 130 countries in the first 11 months of 2010 reached USD 5,421.8 million, a rise of 51.0 percent. Exports accounted for USD 2,550.6 million of this, showing an increase of 52.0 percent, while imports amounted to USD 2,871.1 million, rising 50.2 percent. External trade balance deficit stood at USD 320.5 million, rising 37.1 percent.

Average monthly household income in the third quarter of 2010 was MNT425,200, 24.2 percent more than in the same period of 2009. Average expenses were MNT465,400, a rise of 23.2 percent.

Altogether 90.7 percent of the total construction and installation work in the first 11 months of 2010, valued at MNT 207.1 billion, were executed by domestic entities.

The number of railway passengers in the first 11 months of 2010 rose 13.0 percent and the volume of freight by 19.0 percent. The revenue from railway transport increased by 36.5 percent. The number of air passengers grew by 27.1 percent, and the volume of freight by 21.6 percent. Revenue from air transport increased by 13.6 percent.

Altogether 556,800 people were registered in social insurance, of whom 342,700 or 61.6 per cent were from Government establishments, and the rest from the private sector. The total amount of pensions paid in the first 11 months of 2010 was MNT322.9 billion, of which retirement pensions accounted for 73.6 per cent, pensions for the disabled 12.6 percent, breadwinner loss pension 7.1 per cent, and military pension 6.7 percent.

In these 11 months, social welfare pensions and benefits were paid to 55,700 people, 1,200 or 2.2 percent more than in the same period of 2009. The total amount paid was up by MNT1.9 billion or 8.3 per cent. Altogether MNT228.6 billion was distributed to 2.6 million people from the Human Development Fund on the first 11 months of 2010.

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