Mongolia GDP Annual Growth Rate  1991-2016 | Data | Chart | Calendar

The Mongolian economy shrank 1.6 percent year-on-year in January-September of 2016, compared to 2.2 percent growth a year ago. It was the first contraction since 2009, as output fell for industry (-7 percent compared to +3 percent a year ago); construction (-20.3 percent compared to -12.7 percent); and holesales and retail trade (-8 percent from -9 percent). Also, services sector growth stalled (+11.8 percent a year ago) and advanced at a slower pace for mining and quarrying (+0.1 percent from +13.2 percent) and agriculture (+2.8 percent from +10.3 percent). GDP Annual Growth Rate in Mongolia averaged 5.57 percent from 1991 until 2016, 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.

Mongolia GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-15 03:00 PM YTD 1.4% 3.1% 2.2%
2016-11-14 09:20 AM YTD -1.6% 1.4% 1.0%
2017-08-15 03:00 PM YTD
2017-11-14 09:20 AM YTD




Mongolia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.40 3.10 17.50 -9.30 percent [+]
GDP Annual Growth Rate -1.60 1.40 17.50 -9.30 percent [+]
GDP 11.76 12.22 12.58 0.77 USD Billion [+]
Gross Fixed Capital Formation 817473.50 816894.60 2053778.90 328910.20 MNT Million [+]
GDP per capita 3943.90 3920.67 3943.90 1363.65 USD [+]
GDP per capita PPP 11470.90 11403.35 11470.90 3966.20 USD [+]
Gross National Product 21048453.80 20420074.30 21048453.80 12585.90 MNT Million [+]
Gdp Constant Prices 4342597.00 4011106.40 4633323.70 1711157.40 MNT Million [+]
Gdp From Agriculture 632662.30 972596.80 972596.80 45958.52 MNT Million [+]
Gdp From Construction 113784.90 152392.30 310564.10 5816.01 MNT Million [+]
Gdp From Manufacturing 251743.90 200592.60 278325.20 120048.10 MNT Million [+]
Gdp From Mining 1000646.90 867905.60 1275817.40 395477.20 MNT Million [+]
Gdp From Services 907694.00 803131.80 916270.00 503792.82 MNT Million [+]
Gdp From Transport 246648.90 200349.60 370054.80 122199.13 MNT Million [+]
Gdp From Utilities 49962.50 58629.20 90668.40 39620.78 MNT Million [+]



Mongolia GDP Annual Growth Rate Notes

Mongolia's services sector is the largest relative to GDP, accounting for 48 percent. However, industry has been expanding heavily in the past years, contributing the most to economic growth and accounting for 37 percent of total output. Finally, agriculture makes up for 15 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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
-1.60 1.40 17.50 -9.30 1991 - 2016 percent Quarterly



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