Mongolia GDP Growth Rate
The Gross Domestic Product (GDP) in Mongolia expanded 11.70 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Mongolia averaged 5.80 Percent from 1991 until 2013, 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 Growth Rate in Mongolia is reported by the National Statistical Office of Mongolia.
||1991 - 2013
Mongolia is a transition economy in Central Asia. Despite economic reforms and strong GDP growth in the last few years, 30% of the population still lives below the poverty line. Mongolia's economy is centered on mining and livestock agriculture. The nation is rich in mineral resources with copper, coal, molybdenum, tin, tungsten, and gold being the most important. Mongolia is the world's biggest producer of cashmere. This page provides - Mongolia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.