GDP in Mongolia

Mongolia GDP | Economic News & Forecasts

Mongolia - GDP

After GDP declined in annual terms in Q2, economic conditions seemingly remained subdued in Q3. Activity was likely dented by an increase in new daily Covid-19 cases, which peaked in the period, with associated deaths also on the rise. However, restrictions remained relatively loose, which should have supported momentum somewhat. Meanwhile, available data on industrial production points to a cumulative slowdown in the quarter. Notably, the vital mining subsector lost significant steam: Chinese customs data shows weaker exports in July–August, likely due to waning demand from the Asian giant amid border closures and its latest crackdown on emissions. In other news, Mongolia has been suffering from a fuel supply shortage from late September, which has likely disrupted activity somewhat heading into Q4.

Mongolia - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)2.5  1.4  5.4  7.0  4.9  

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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

Value Change Date
Exchange Rate2,735-0.04 %Jan 01

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