GDP in Mongolia
Mongolia - GDPThe country was hit by political instability in early September after the parliament ousted the prime minister and his cabinet. Most members of the ruling Mongolian People’s Party (MPP) voted for their removal following corruption allegations and the party’s defeat in June’s presidential elections. As a result, the IMF has delayed disbursing funds as part of a USD 5.5 billion bailout package, which had been agreed on in May to help the debt-ridden country fortify its financial sector and stabilize the fiscal situation. If prolonged, the uncertainty generated could dent investor sentiment in an economy which has gained traction this year on the back of a surge in coal exports, with particularly buoyant demand from neighboring China.
Mongolia - GDP Data
|Economic Growth (GDP, annual variation in %)||12.5||11.6||8.1||2.5||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia GDP Chart
Source: National Statistical Office of Mongolia.
|Exchange Rate||2,463||-0.22 %||Sep 21|
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