Current Account in Mongolia

Mongolia Current Account | Economic News & Forecasts

Mongolia - Current Account

The economy ended 2018 on a strong note, as growth gained steam in Q4 thanks to a pick-up in private consumption coupled with stellar growth in the external sector due to the Oyu Tolgoi mine. This notably enabled the government to balance its budget for the first time since 2010. Meanwhile, on the political front, the recent crisis stemming from a corruption scandal involving members of parliament and the government appears to have eased somewhat. The scandal had triggered large-scale protests as well as legislative gridlock for nearly a month and a half; and, on 29 January, a majority of parliamentarians voted to oust then-speaker Miyegombyn Enkhbold. Nevertheless, instability will likely linger due to the highly divided political landscape.

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 Rate2,634-0.04 %Mar 11

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