GDP in Mongolia

Mongolia GDP | Economic News & Forecasts

Mongolia - GDP

The economy appears to have lost further steam in the fourth quarter, after growth slowed to an over two-year low in the third quarter (Q3: +4.2% year-on-year). A slowing external sector likely dragged on overall activity given that exports fell in Q4 in year-on-year terms on lower coal and copper deliveries. Moreover, industrial production contracted in Q4, with mining activities markedly declining in December. On a more positive note, fixed investment and private spending levels were resilient, highlighting a healthy domestic economy, even though net domestic credit contracted for the fifth month running in December. In other news, the government recently announced its intention to repay roughly USD 280 million of debt held by elderly citizens. The move could widen the fiscal deficit this year and was criticized by the IMF.

Mongolia - GDP Data

2014   2015   2016   2017   2018  
Economic Growth (GDP, annual variation in %)8.1  2.5  1.4  5.4  6.5  

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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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