GDP in Mongolia

Mongolia GDP | Economic News & Forecasts

Mongolia - GDP

The country’s most divisive presidential election ever saw opposition member and resource nationalist Battulga Khaltmaa become the new president. Although the run-up to the election lacked any substantive policy discussion, Khaltmaa campaigned on increasing state control in the key mining sector and reducing the country’s reliance on trade with neighboring China. His victory represents a setback to the ruling People’s Party and the government’s attempt at restarting the economy, although reforms linked to the USD 5.5 billion IMF-backed finance package are unlikely to be unwound. Meanwhile, a recent recovery in coal prices bodes well for the external sector, which has seen exports increasing at double-digit for half a year on soaring coal shipments overseas.

Mongolia - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)17.5  12.5  11.6  8.1  2.5  

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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 Rate2,4070.21 %Jul 18

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