The country's GDP amounted to 46.5 trillion Mongolian tugriks (13.5 billion U.S. dollars), the National Statistics Office said.
According to the agency, the increase was primarily driven by a significant growth in mining exports.
Mongolia is rich in natural resources, and the mining sector has been a main driver of economic growth for years.
The landlocked country's economy grew 4.8 percent in 2022 and 1.4 percent in 2021.
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