Mongolia's gross domestic product rose by 6.4 percent in the first nine months of the year, compared with an upwardly revised 6.0 percent increase in the same period of 2017. It was the strongest expansion since the last quarter of 2014 when it jumped 7.9 percent. Services output was the main driver of growth (7.0 percent), followed by industry & construction (2.3 percent) and agriculture (1.7 percent). GDP Annual Growth Rate in Mongolia averaged 5.50 percent from 1991 until 2018, 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 6.20 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 6.10 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
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-15 08:00 AM GDP Growth Rate YTD 6.1% 5.1% 5%
2018-08-15 08:15 AM GDP Growth Rate YTD 6.3% 6.1% 5.9%
2018-11-15 11:00 AM GDP Growth Rate YTD 6.4% 6.3% 5.6%


Mongolia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 6.10 5.10 17.50 -9.30 percent [+]
GDP Annual Growth Rate 6.40 6.30 17.50 -9.30 percent [+]
GDP 11.49 11.18 12.58 0.77 USD Billion [+]
Gross Fixed Capital Formation 1389912.70 1384939.20 2053778.90 328910.20 MNT Million [+]
GDP per capita 4071.09 3906.10 4071.09 1363.70 USD [+]
GDP per capita PPP 11840.80 11361.00 11840.80 3966.20 USD [+]
Gross National Product 24103349.30 22316313.00 24103349.30 12585.90 MNT Million [+]
GDP Constant Prices 4801719.00 4791554.60 4823427.80 1674571.54 MNT Million [+]
GDP From Agriculture 698142.10 1024271.20 1024271.20 45958.52 MNT Million [+]
GDP From Construction 116966.70 146926.00 310573.50 5816.01 MNT Million [+]
GDP From Manufacturing 318222.70 292467.10 368798.10 120048.10 MNT Million [+]
GDP From Mining 1052038.40 822298.40 1294584.90 395477.20 MNT Million [+]
GDP From Services 1020182.70 889765.10 1020182.70 503792.82 MNT Million [+]
GDP From Transport 319189.70 241046.50 549805.00 122199.13 MNT Million [+]
GDP From Utilities 57692.60 65953.60 100654.10 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.40 6.30 17.50 -9.30 1991 - 2018 percent Quarterly




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India 8.20 Jun/18
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Japan 0.30 Sep/18
Argentina -4.20 Jun/18


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