Money in Mongolia
Mongolia - MoneyThe 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 - Money Data
|Money (annual variation in %)||12.5||-5.5||21.0||30.5||22.8|
5 years of economic forecasts for more than 30 economic indicators.
Mongolia Money Chart
|Exchange Rate||2,735||-0.04 %||Jan 01|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.