GDP in Mongolia

Mongolia GDP | Economic News & Forecasts

Mongolia - GDP

The 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

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)12.5  11.6  8.1  2.5  1.1  

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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 Rate2,463-0.22 %Sep 21

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