Mongolia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Mongolia expanded 7.30 percent in the second quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia averaged 5.63 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 6.10 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 5.50 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.

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Calendar	GMT		Actual	Previous	TEForecast
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%
2019-08-16	08:15 AM	GDP Growth Rate YTD Q2	7.3%	8.6%	5.7%
2019-11-15	11:00 AM	GDP Growth Rate YTD Q3		7.3%	6%

Mongolia GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	6.10	5.10	17.50	-9.30	percent	[+]
GDP Annual Growth Rate	7.30	8.60	17.50	-9.30	percent	[+]
GDP	13.01	11.43	13.01	0.77	USD Billion	[+]
Gross Fixed Capital Formation	1689312.10	1328669.50	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	28564174.70	23951371.70	28564174.70	12585.90	MNT Million	[+]
GDP Constant Prices	5123997.30	3525186.40	5257013.20	1674571.54	MNT Million	[+]
GDP From Agriculture	1083025.10	134404.00	1083025.10	45958.52	MNT Million	[+]
GDP From Construction	168876.20	41057.80	310573.50	5816.01	MNT Million	[+]
GDP From Manufacturing	288823.50	193386.90	467411.10	120048.10	MNT Million	[+]
GDP From Mining	922760.90	909774.10	1294584.90	395477.20	MNT Million	[+]
GDP From Services	950824.90	934984.20	1020182.70	503792.82	MNT Million	[+]
GDP From Transport	239299.00	242324.40	567307.80	122199.13	MNT Million	[+]
GDP From Utilities	71444.00	103881.00	103881.00	39620.78	MNT Million	[+]

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 October of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	7.30	8.60	17.50	-9.30	1991 - 2019	percent	Quarterly

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Country	Last		Previous	Range
China	6.00	Sep/19	6.2	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Spain	2.00	Jun/19	2.2	5.4 : -4.3	%
Netherlands	1.80	Jun/19	1.7	6.1 : -4.6	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
United Kingdom	1.30	Jun/19	2.1	9.8 : -5.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Argentina	0.60	Jun/19	-5.8	16.2 : -16.3	%
Saudi Arabia	0.50	Jun/19	1.7	24.2 : -20.7	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Sep/19	0.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%