GDP in Mongolia

Mongolia GDP | Economic News & Forecasts

Mongolia - GDP

The economy grew 4.2% year-on-year in Q1 as the mineral-dependent country benefited from an upswing in coal prices. In fact, upbeat momentum in the external sector has carried over into Q2, with data for April showing exports growth in annual terms at double-digit figures. Meanwhile, a much-needed financing package from the IMF was delayed in late April due to concerns about a hidden clause in the reform legislation that affected foreign exchange and investment. With the contentious provision now removed, the IMF is expected to decide this month on the bailout that would replenish Mongolia’s international reserves, which nosedived during the commodities downturn.

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 Rate2,411-0.23 %May 25

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