GDP in Mongolia
Mongolia - GDPEconomic 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
|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||2,663||-0.04 %||Jun 20|
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