Mongolia Current Account to GDP

Mongolia recorded a Current Account deficit of 27.89 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Mongolia averaged -6.46 Percent from 1991 until 2013, reaching an all time high of 6.48 Percent in 2006 and a record low of -32.57 Percent in 2012. Current Account to GDP in Mongolia is reported by the Mongolbank.

   
 
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Mongolia Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
-27.89 -32.57 6.48 -32.57 1991 - 2013 Percent Yearly
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.

Trade Last Previous Highest Lowest Unit
Balance of Trade -49.80 -30.50 62.10 -310.20 USD Million [+]
Exports 495.50 445.50 649.50 62.00 USD Million [+]
Imports 545.30 476.00 663.30 77.80 USD Million [+]
Current Account -146.20 -113.70 132.80 -486.90 USD Million [+]
Current Account to GDP -27.89 -32.57 6.48 -32.57 Percent [+]
Foreign Direct Investment 15470.50 15384.40 15470.50 4949.50 USD Million [+]
Gold Reserves 2.48 3.93 9.93 0.00 Tonnes [+]





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