GDP in Mongolia
Mongolia - GDPAfter 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
|Economic Growth (GDP, annual variation in %)||2.5||1.4||5.4||7.0||4.9|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia GDP Chart
Source: National Statistical Office of Mongolia.
|Exchange Rate||2,735||-0.04 %||Jan 01|
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