GDP in Mongolia
Mongolia - GDPMongolia 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
|Economic Growth (GDP, annual variation in %)||17.5||12.5||11.6||8.1||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia GDP Chart
Source: National Statistical Office of Mongolia.
|Exchange Rate||2,457||0.04 %||Mar 23|
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