GDP in Mongolia
Mongolia - GDPThe economy appears to have posted a strong performance in 2018, according to preliminary annual data. Most notably, the government balanced its annual budget after logging considerable deficits in recent years, thanks to a nearly 30% jump in revenue amid strong commodity exports. Nevertheless, softening export momentum and consistently strong import growth may have caused the economy to decelerate in Q4, while likely also contributing to a worsening of the country’s current account balance. On the political front, parliamentary speaker Enkhbold Miyegombo and other members of parliament are currently embroiled in a corruption scandal and facing calls to resign, which could increase political instability.
Mongolia - GDP Data
|Economic Growth (GDP, annual variation in %)||11.6||8.1||2.5||1.4||5.1|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia GDP Chart
Source: National Statistical Office of Mongolia.
|Exchange Rate||2,633||-0.04 %||Feb 14|
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