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• iso 4217: MNT
• Mongolia (Asia)

Mongolia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Mongolia expanded 7.20 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical office of Mongolia. Historically, from 1991 until 2013, Mongolia GDP Annual Growth Rate averaged 4.95 Percent reaching an all time high of 17.50 Percent in December of 2011 and a record low of -9.30 Percent in December of 1992. Mongolia's services sector is the largest relative to GDP, accounting for 48 percent. However, industry has been expanding heavily in the past years, contributing the most to economic growth and accounting for 37 percent of total output. Finally, agriculture makes up for 15 percent of total GDP. This page includes a chart with historical data for Mongolia GDP Annual Growth Rate.

source: National Statistical office of Mongolia

Mongolia Industrial Production

Industrial Production in Mongolia increased 7.20 percent in 2012 over the previous year. Industrial Production in Mongolia is reported by the National Statistical office of Mongolia. Historically, from 1982 until 2012, Mongolia Industrial Production averaged 3.47 Percent reaching an all time high of 15.30 Percent in December of 2005 and a record low of -27.71 Percent in December of 1990. . This page includes a chart with historical data for Mongolia Industrial Production.

source: National Statistical office of Mongolia

Mongolia Government Debt To GDP

Mongolia recorded a Government Debt to GDP of 51.70 percent of the country's Gross Domestic Product in 2011. Government Debt To GDP in Mongolia is reported by the the World Bank. Historically, from 1992 until 2011, Mongolia Government Debt To GDP averaged 61.26 Percent reaching an all time high of 105.50 Percent in December of 2003 and a record low of 24.50 Percent in December of 1992. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Mongolia Government Debt To GDP.

source: the World Bank

Mongolia Government Budget

Mongolia recorded a Government Budget deficit equal to 8.40 percent of the country's Gross Domestic Product in 2012. Government Budget in Mongolia is reported by the Mongolbank. Historically, from 1990 until 2012, Mongolia Government Budget averaged -4.44 Percent of GDP reaching an all time high of 3.10 Percent of GDP in December of 2006 and a record low of -14.30 Percent of GDP in December of 1998. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Mongolia Government Budget.

source: Mongolbank

Mongolia GDP Growth Rate

The Gross Domestic Product (GDP) in Mongolia expanded 7.20 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical office of Mongolia. Historically, from 1991 until 2013, Mongolia GDP Growth Rate averaged 5.32 Percent reaching an all time high of 16.50 Percent in March of 2012 and a record low of -9.30 Percent in December of 1992. Mongolia is a transition economy in Central Asia. Despite economic reforms and strong GDP growth in the last few years, 30% of the population still lives below the poverty line. Mongolia's economy is centered on mining and livestock agriculture. The nation is rich in mineral resources with copper, coal, molybdenum, tin, tungsten, and gold being the most important. Mongolia is the world's biggest producer of cashmere. This page includes a chart with historical data for Mongolia GDP Growth Rate.

source: National Statistical office of Mongolia

Mongolia Balance of Trade

Mongolia recorded a trade deficit of 44.26 USD Million in March of 2013. Balance of Trade in Mongolia is reported by the Bank of Mongolia. Historically, from 1997 until 2013, Mongolia Balance of Trade averaged -50.19 USD Million reaching an all time high of 62.10 USD Million in December of 2006 and a record low of -310.20 USD Million in July of 2012. Mongolia exports mineral products (copper, coal, molybdenum, tin, tungsten, and gold), natural or cultured stones, jewelry, cashmere, animal origin products, hides and skins. Mongolia's main exports partner is China (89% of total exports). Others include: Canada and Russia. Mongolia imports mainly mineral products, machinery, equipment, electric appliances, recorders,TV sets & spare parts, vehicles, food products and base metals. Mongolia's main import partners are Russia (22% of total) and China (26%). Others include Japan, USA and Germany. This page includes a chart with historical data for Mongolia Balance of Trade.

source: Bank of Mongolia

Mongolia Exports

Exports in Mongolia increased to 288.66 USD Million in March of 2013 from 209.73 USD Million in February of 2013. Exports in Mongolia is reported by the Bank of Mongolia. Historically, from 1997 until 2013, Mongolia Exports averaged 242.97 USD Million reaching an all time high of 649.50 USD Million in December of 2007 and a record low of 62 USD Million in February of 2009. Mongolia exports mineral products (copper, coal, molybdenum, tin, tungsten, and gold), natural or cultured stones, jewelry, textiles, animal origin products, hides and skins. Mongolia's main exports partner is China (89% of total exports). Others include: Canada and Russia. This page includes a chart with historical data for Mongolia Exports.

source: Bank of Mongolia

Mongolia Imports

Imports in Mongolia increased to 332.92 USD Million in March of 2013 from 268.19 USD Million in February of 2013. Imports in Mongolia is reported by the Bank of Mongolia. Historically, from 1997 until 2013, Mongolia Imports averaged 293.18 USD Million reaching an all time high of 663.30 USD Million in August of 2011 and a record low of 77.80 USD Million in March of 1997. Mongolia imports mainly mineral products, machinery, equipment, electric appliances, recorders,TV sets & spare parts, vehicles, food products and base metals. Mongolia's main import partners are Russia (22% of total) and China (26%). Others include Japan, USA and Germany. This page includes a chart with historical data for Mongolia Imports.

source: Bank of Mongolia

Mongolia Inflation Rate

The inflation rate in Mongolia was recorded at 10.40 percent in April of 2013. Inflation Rate in Mongolia is reported by the Mongolbank. Historically, from 2007 until 2013, Mongolia Inflation Rate averaged 12.75 Percent reaching an all time high of 31.90 Percent in July of 2008 and a record low of -1.90 Percent in September of 2009. In Mongolia, the inflation rate measures a broad rise or fall in prices that consumers pay for a standard basket of goods. This page includes a chart with historical data for Mongolia Inflation Rate.

source: Mongolbank

Mongolia Current Account

Mongolia recorded a Current Account deficit of 609.70 USD Million in the first quarter of 2013. Current Account in Mongolia is reported by the Bank of Mongolia. Historically, from 1997 until 2013, Mongolia Current Account averaged -124.35 USD Million reaching an all time high of 132.80 USD Million in September of 2006 and a record low of -1173.20 USD Million in September of 2012. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Mongolia Current Account.

source: Bank of Mongolia

Mongolia Interest Rate

The benchmark interest rate in Mongolia was last recorded at 11.50 percent. Interest Rate in Mongolia is reported by the Mongolbank. Historically, from 2007 until 2013, Mongolia Interest Rate averaged 11.75 Percent reaching an all time high of 14 Percent in April of 2008 and a record low of 6.40 Percent in July of 2007. In Mongolia, interest rates decisions are taken by the Bank of Mongolia (Mongolbank). The official interest rate is the Policy Rate. This page includes a chart with historical data for Mongolia Interest Rate.

source: Mongolbank

Mongolia Current Account to GDP

Mongolia recorded a Current Account deficit of 31.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Mongolia is reported by the Mongolbank. Historically, from 1991 until 2012, Mongolia Current Account to GDP averaged -5.68 Percent reaching an all time high of 6.50 Percent in December of 2006 and a record low of -31.70 Percent in December of 2011. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Mongolia Current Account to GDP.

source: Mongolbank

Mongolia Unemployment Rate

Unemployment Rate in Mongolia remained unchanged at 3.60 percent in 2011 from 3.60 percent in 2010. Unemployment Rate in Mongolia is reported by the National Statistical Office of Mongolia. Historically, from 1990 until 2011, Mongolia Unemployment Rate averaged 5.0 Percent reaching an all time high of 9.0 Percent in December of 1994 and a record low of 2.8 Percent in December of 2007. In Mongolia, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Mongolia Unemployment Rate.

source: National Statistical Office of Mongolia

Mongolia | Credit Rating

Standard & Poor's credit rating for Mongolia stands at BB-. Moody's rating for Mongolia sovereign debt is B1. Fitch's credit rating for Mongolia is B+. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Mongolia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Mongolia as reported by major credit rating agencies.

source:

Mongolia Population

The total population in Mongolia was last recorded at 2.8 million people in 2011 from 1.0 million in 1960, changing 192 percent during the last 50 years. Population in Mongolia is reported by the the World Bank. Historically, from 1960 until 2011, Mongolia Population averaged 1.9 Million reaching an all time high of 2.8 Million in December of 2011 and a record low of 1.0 Million in December of 1960. The population of Mongolia represents 0.04 percent of the world´s total population which arguably means that one person in every 2491 people on the planet is a resident of Mongolia. This page includes a chart with historical data for Mongolia Population.

source: the World Bank

Mongolia GDP

The Gross Domestic Product (GDP) in Mongolia was worth 8.56 billion US dollars in 2011. The GDP value of Mongolia represents 0.01 percent of the world economy. GDP in Mongolia is reported by the the World Bank. Historically, from 1981 until 2011, Mongolia GDP averaged 2.5 USD Billion reaching an all time high of 8.6 USD Billion in December of 2011 and a record low of 0.7 USD Billion in December of 1993. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page includes a chart with historical data for Mongolia GDP.

source: the World Bank

Mongolia GDP per capita

The Gross Domestic Product per capita in Mongolia was last recorded at 892.08 US dollars in 2011. The GDP per Capita in Mongolia is equivalent to 7 percent of the world's average. GDP per capita in Mongolia is reported by the World Bank. Historically, from 1981 until 2011, Mongolia GDP per capita averaged 525.9 USD reaching an all time high of 892.1 USD in December of 2011 and a record low of 387.7 USD in December of 1993. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Mongolia GDP per capita.

source: World Bank

datas from tradingeconomics.com

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