Current Account in Mongolia

Mongolia Current Account | Economic News & Forecasts

Mongolia - Current Account

Economic growth accelerated in the third quarter in annual terms, propelled by investment related to the colossal Oyu Tolgoi copper mine. Although fixed investment growth slowed, it remained strong nonetheless, and the economy further benefitted from a build-up of inventories, likely related to industrial machinery imports. Overall, the external sector’s performance improved in the quarter as imports slowed while export growth picked up. However, private spending growth slowed to a near standstill. Meanwhile on 21 November, IMF staff declared that Mongolia was on track to meet all of its support program’s year-end targets.

Mongolia - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-35.7  -15.9  -8.0  -5.7  -9.7  

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Mongolia Current Account Chart


Mongolia Current Account
Note: Current account balance as % of GDP.
Source: Bank of Mongolia and FocusEconomics calculations.

Mongolia Facts

ValueChangeDate
Exchange Rate2,657-0.04 %Jan 16

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