Mongolia recorded a Current Account deficit of 12.40 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Mongolia averaged -6.62 percent from 1991 until 2019, reaching an all time high of 5.43 percent in 2006 and a record low of -27.40 percent in 2012. This page provides - Mongolia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Current Account to GDP - values, historical data and charts - was last updated on July of 2020.

Current Account to GDP in Mongolia is expected to reach -12.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Current Account to GDP is projected to trend around -10.50 percent in 2021 and -9.50 percent in 2022, according to our econometric models.

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Mongolia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-12.40 -14.60 5.43 -27.40 1991 - 2019 percent Yearly

Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 226.60 -87.00 361.60 -369.80 USD Million [+]
Current Account -205.02 -303.69 132.80 -627.90 USD Million [+]
Current Account to GDP -12.40 -14.60 5.43 -27.40 percent [+]
Imports 406.10 424.80 748.75 14.66 USD Million [+]
Exports 632.70 337.80 815.60 15.44 USD Million [+]
Foreign Direct Investment 22311.90 21568.00 22311.90 8444.70 USD Million [+]
Capital Flows 4.44 -35.16 300.27 -1701.46 USD Million [+]
Gold Reserves 23.40 17.92 23.40 0.00 Tonnes [+]
Remittances 11.50 6.30 18.61 -9.01 USD Million [+]
External Debt 30461129.85 30677879.54 30677879.54 2110586.64 USD Thousand [+]
Crude Oil Production 18.00 18.00 27.85 0.00 BBL/D/1K [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]


Mongolia Current Account to GDP
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.