AVERAGE HOUSEHOLD INCOME GROWS BY 6.6 PERCENT

According to the result of Household Socio-Economic Survey of the first quarter of 2020, the monthly average household income was MNT 1.5 million, increased by MNT 248.5 (19.7%) thousand compared to the same period of the previous year and increased by MNT 133.6 (9.7%) thousand from the previous quarter. The monthly average household expenditure was MNT 1.6 million, increased by MNT 228.2 (17.1%) thousand compared to the same period of the previous year, and increased by MNT 120.5 (8.3%) thousand from the previous quarter.

 

The monthly average household real income (adjusting the price changes) in the first quarter of 2020 was MNT 1.2 million, increased by MNT 134.1 (12.6%) thousand compared to the same period of the previous year and increased by MNT 74.6 (6.6%) thousand from the previous quarter.

 

Also, the income structure of households with average monthly household income more than MNT 1.6 million shows that 60.4% is income from wages and salaries, 9.8% is income from pensions and allowances, 7.6% is income from household’s agricultural production, 8.9% is income from household’s non-agricultural production and services, and 13.3% is from other income.

 

The monthly average household real expenditure (adjusting the price changes) in the first quarter of 2020 was MNT 1.2 million, increased by MNT 114.0 (10.1%) thousand compared to the same period of the previous year and increased by MNT 62.6 (5.3%) thousand from the previous quarter.

 

 

 

Source: https://montsame.mn/en/read/226133