LOCAL ECONOMIC DEVELOPMENT DESK STUDY

increase between 1999 and 2002 but declined more in 2002 than it did in the previous years.
However, it began to increase from 2003 faster. When the general trend of the GDP growth of
Mongolia and the western region is expressed in y = a + bt linear equation (show in blue and green
lines in the picture) it tends to increase for both though gradually from 2007 to 2009. But the
nation’s GDP tends to increase faster than that of the western region as the two lines got closer in
2009 in the picture.
But the standstill and decline of this dynamics between 1999 and 2002 had impact on tis future
trend and held it back leading to the lower level for 2007-2009 than that of 2006. But we can’t
forget that price increase had its impact as the GDP was taken at its current price.
Table-10. Growth trends of the GDP of Mongolia and the western region, dynamics of 1999-
2006, year-wise, million MNT
Western region, billion MNT
300.0
250.0
200.0
150.0
100.0
50.0
0.0
266.2
248.7
231.2
213.7
3474.8
196.2
3218.1
178.7
2961.4
161.2
2704.7
2448.0
126.2
2191.3
108.7
1934.6
91.3
73.7
1421.2 1164.5 907.8
651.1
1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
4000
3500
3000
2500
2000
1500
1000
500
0
Country total, billion MNT
GDP of the western region Western region y=a+bt
Country total GDP Country total y=a+bt
But when the calculations are made for 2002-2006, the growth pace for the past five years has more
emphasis and gives a picture that the GDP will grow speedier for 2007-2009 as shown in Picture-7.
Given the calculations made based on the dynamics of 2002-2006, the GDP of Mongolia and the
western region looks to grow in similar trends.
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