GDP in Mongolia
Mongolia - GDPThe 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
|Economic Growth (GDP, annual variation in %)||17.5||12.5||11.6||8.1||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia GDP Chart
Source: National Statistical Office of Mongolia.
|Exchange Rate||2,411||-0.23 %||May 25|
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