The Gross Domestic Product (GDP) in Mongolia contracted 9.70 percent in the second quarter of 2020 over the same quarter of the previous year.
GDP Annual Growth Rate in Mongolia averaged 5.05 percent from 1991 until 2020, reaching an all time high of 17.50 percent in the fourth quarter of 2011 and a record low of -10.70 percent in the first quarter of 2020. This page provides - Mongolia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
GDP Annual Growth Rate in Mongolia is expected to be 3.50 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 6.50 in 12 months time. In the long-term, the Mongolia GDP Annual Growth Rate is projected to trend around 5.10 percent in 2021 and 5.00 percent in 2022, according to our econometric models.