Mongolia's GDP grows 6.3 pct in H1

ULAN BATOR, Aug. 16 (Xinhua) -- Mongolia's gross domestic product (GDP) expanded 6.3 percent year on year in the first half of 2018, according to the preliminary data released by the country's National Statistics Office on Thursday.

The GDP totaled eight trillion Mongolian tugriks (around 3.2 billion U.S. dollars) in the January-June period of 2018, an increase of over 475 billion Mongolian tugriks (193 million U.S. dollars) compared to the same period last year.

The country's robust growth is underpinned by tax revenue growth and the favorable performance in the service sector, the data showed.