GDP in Mongolia

Mongolia GDP | Economic News & Forecasts

Mongolia - GDP

Mongolia avoided default in early March by successfully refinancing a large part of a USD 580 million bond, due on 21 March, with new sovereign seven-year notes. The government’s decision to tap the international markets was well received by investors, whose concerns were assuaged after a USD 5.5 billion bailout to the cash-strapped country was announced in February under IMF supervision. Although this could prove to be the first sign of a turnaround in Mongolia’s economy, several fronts remain open. The country’s banking system is still exposed to a weak operating environment and a multitude of vulnerable borrowers, while the economy remains heavily reliant on commodity prices.

Mongolia - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)-1.3  6.5  17.5  12.5  11.6  

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Mongolia GDP Chart


Mongolia GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: National Statistical Office of Mongolia.

Mongolia Facts

ValueChangeDate
Exchange Rate2,435-0.08 %Apr 06

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