Current Account to GDP in Mongolia increased to -12.30 percent in 2020 from -15.60 percent in 2019. source: Mongolbank

Current Account to GDP in Mongolia averaged -6.99 percent from 1991 until 2020, 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 March of 2021.

Current Account to GDP in Mongolia is expected to reach -13.00 percent by the end of 2021, 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 -10.00 percent in 2022 and -5.50 percent in 2023, according to our econometric models.

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Mongolia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-12.30 -15.60 5.43 -27.40 1991 - 2020 percent Yearly

Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 314.00 181.00 478.60 -369.80 USD Million [+]
Current Account -27.15 240.34 316.77 -627.90 USD Million [+]
Current Account to GDP -12.30 -15.60 5.43 -27.40 percent [+]
Imports 458.80 407.30 748.75 14.66 USD Million [+]
Exports 639.90 721.20 960.50 15.44 USD Million [+]
Foreign Direct Investment 23802.30 23468.70 23802.30 8444.70 USD Million [+]
Capital Flows -817.59 57.57 339.98 -1701.46 USD Million [+]
Gold Reserves 8.16 15.37 23.40 0.00 Tonnes [+]
Remittances 9.80 12.70 18.61 -9.01 USD Million [+]
External Debt 31192538.23 30814013.50 31192538.23 2110586.64 USD Thousand [+]
Crude Oil Production 17.00 17.00 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.