GDP in Mongolia

Mongolia GDP | Economic News & Forecasts

Mongolia - GDP

Economic momentum revved up in the first quarter of 2019, following an already-strong performance last year. This came primarily on the back of skyrocketing investment, largely due to the Oyu Tolgoi mine project, and an accompanying surge in both exports and imports. Domestic demand also strengthened as government spending rebounded while private consumption gained steam. Moreover, merchandise trade and industrial production data up to May shows this robust momentum has carried over into Q2. In other news, the head of Parliament recently announced that the USD 3 billion IPO of the state-owned company Erdenes—which controls the Tavan Tolgoi coal mine—planned for this year could be postponed, due to upcoming elections this year and next.

Mongolia - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)11.6  8.1  2.5  1.4  5.1  

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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

Exchange Rate2,663-0.04 %Jun 20

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