Mongolia recorded a Current Account deficit of 4.90 percent of the country's Gross Domestic Product in 2017. Current Account to GDP in Mongolia averaged -5.61 percent from 1991 until 2017, reaching an all time high of 5.43 percent in 2006 and a record low of -27.40 percent in 2012.

Current Account to GDP in Mongolia is expected to be -8.30 percent by the end of this quarter, 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 -5.20 percent in 2020, according to our econometric models.

Mongolia Current Account to GDP
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Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 40.00 137.50 361.60 -369.80 USD Million [+]
Current Account -180.30 -132.30 132.80 -627.90 USD Million [+]
Current Account to GDP -10.40 -6.30 5.43 -27.40 percent [+]
Exports 536.00 662.00 759.80 15.44 USD Million [+]
Imports 496.00 524.50 748.75 14.66 USD Million [+]
Foreign Direct Investment 19379.30 18968.70 20903.50 8444.70 USD Million [+]
Capital Flows -482.90 -34.10 280.00 -931.10 USD Million [+]
Gold Reserves 6.70 3.60 9.92 0.00 Tonnes [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]
Remittances 11.60 10.44 18.61 -9.01 USD Million [+]
External Debt 27911253.68 27745305.69 27912617.96 2110586.64 USD Thousand [+]
Crude Oil Production 20.00 20.00 27.85 0.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Mongolia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-10.40 -6.30 5.43 -27.40 1991 - 2017 percent Yearly




Country Last Previous
Singapore 19.50 Dec/17
Netherlands 10.20 Dec/17
Switzerland 9.80 Dec/17
Germany 8.00 Dec/17
South Korea 5.60 Dec/17
Japan 4.02 Dec/17
Euro Area 3.50 Dec/17
Italy 2.80 Dec/17
Russia 2.20 Dec/17
Saudi Arabia 2.20 Dec/17
Spain 1.90 Dec/17
China 1.30 Dec/17
Brazil -0.48 Dec/17
France -0.80 Dec/17
Mexico -1.60 Dec/17
Indonesia -1.70 Dec/17
India -1.90 Dec/17
United States -2.40 Dec/17
South Africa -2.50 Dec/17
Canada -3.00 Dec/17
Australia -3.10 Dec/17
United Kingdom -4.10 Dec/17
Argentina -4.80 Dec/17
Turkey -5.50 Dec/17


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