The Mongolian economy expanded 8.6 percent year-on-year in the first quarter of 2019, well above 6.2 percent a year earlier. It was the strongest expansion since the third quarter of 2014 when it jumped 9.1 percent. The services sector was the main driver of growth (6.5 percent vs 5.3 percent a year earlier), followed by wholesale & retail trade (13.9 percent vs 7.3 percent) and mining & quarrying (14.4 percent vs 3.0 percent) while transport & storage rebounded (3.2 percent vs -0.1 percent). Meanwhile, output slowed for manufacturing (2.6 percent vs 8.9 percent) and construction (6.4 percent vs 19.1 percent). On a seasonally adjusted basis, the economy grew 0.1 percent over the previous quarter. GDP Annual Growth Rate in Mongolia averaged 5.59 percent from 1991 until 2019, reaching an all time high of 17.50 percent in the fourth quarter of 2011 and a record low of -9.30 percent in the fourth quarter of 1992.

GDP Annual Growth Rate in Mongolia is expected to be 5.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Mongolia to stand at 5.80 in 12 months time. In the long-term, the Mongolia GDP Annual Growth Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Mongolia GDP Annual Growth Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 08:15 AM GDP Growth Rate YTD Q2 6.3% 6.1% 5.9%
2018-11-15 11:00 AM GDP Growth Rate YTD Q3 6.4% 6.3% 5.6%
2019-02-15 10:30 AM GDP Growth Rate YTD Q4 6.9% 6.4% 6.2%
2019-05-15 08:00 AM GDP Growth Rate YTD Q1 8.6% 6.9% 5.4%
2019-08-15 08:15 AM GDP Growth Rate YTD Q2 8.6% 5.7%
2019-11-15 11:00 AM GDP Growth Rate YTD Q3 6%


Mongolia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 6.10 5.10 17.50 -9.30 percent [+]
GDP Annual Growth Rate 8.60 6.90 17.50 -9.30 percent [+]
GDP 13.01 11.43 13.01 0.77 USD Billion [+]
Gross Fixed Capital Formation 1328669.50 1700942.30 2053778.90 328910.20 MNT Million [+]
GDP per capita 4197.80 3996.10 4197.80 1363.70 USD [+]
GDP per capita PPP 12209.20 11622.90 12209.20 3966.20 USD [+]
Gross National Product 24103349.30 22316313.00 24103349.30 12585.90 MNT Million [+]
GDP Constant Prices 3527558.70 5215564.60 5215564.60 1674571.54 MNT Million [+]
GDP From Agriculture 134404.00 483616.20 1031119.70 45958.52 MNT Million [+]
GDP From Construction 1242977.60 269196.10 1242977.60 5816.01 MNT Million [+]
GDP From Manufacturing 193901.22 467411.10 467411.10 120048.10 MNT Million [+]
GDP From Mining 907175.16 1269647.60 1294584.90 395477.20 MNT Million [+]
GDP From Services 942127.17 893184.10 1020182.70 503792.82 MNT Million [+]
GDP From Transport 241278.77 567307.80 567307.80 122199.13 MNT Million [+]
GDP From Utilities 103853.03 99041.50 103853.03 39620.78 MNT Million [+]


Mongolia GDP Annual Growth Rate

Mongolia's services sector is the biggest and accounts for 43 percent of GDP. Industry has been expanding heavily in the past few years, contributing the most to economic growth and accounting for 34 percent of total output. Finally, agriculture makes up for 13 percent of total GDP. This page provides - Mongolia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8.60 6.90 17.50 -9.30 1991 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Saudi Arabia 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
Singapore 0.10 Jun/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


Related

Latest