Mongolia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Mongolia expanded 11.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical Office of Mongolia. GDP Annual Growth Rate in Mongolia averaged 6.07 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. 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. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
11.70 11.50 17.50 -9.30 12.66 | 2014/06 1991 - 2013 Percent Quarterly

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Mongolia GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP per capita 1629.60 2012-12-31 1473.60 1629.60 655.07 1878.73 2014-06-30 USD [+]
GDP per capita PPP 4707.70 2012-12-31 4257.05 4707.70 1892.43 5427.40 2014-06-30 USD [+]
GDP 10.27 2012-12-31 8.76 10.27 0.70 13.25 2014-06-30 USD Billion [+]
GDP Growth Rate 11.50 2013-09-30 11.30 17.50 -9.30 12.68 2014-06-30 Percent [+]
GDP Annual Growth Rate 11.70 2013-12-31 11.50 17.50 -9.30 12.66 2014-06-30 Percent [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Mongolia Inflation Rate at 12.40 Percent  
The inflation rate in Mongolia was recorded at 12.40 percent in March of 2014. Inflation Rate in Mongolia is reported by the Mongolbank.
Mongolia Interest Rate at 10.50 Percent  
The benchmark interest rate in Mongolia was last recorded at 10.50 percent. Interest Rate in Mongolia is reported by the Mongolbank.
Mongolia Personal Income Tax Rate at 10.00 percent  
The Personal Income Tax Rate in Mongolia stands at 10 percent. Personal Income Tax Rate in Mongolia is reported by the General Department of National Taxation.
Mongolia Corporate Tax Rate at 25.00 percent  
The Corporate Tax Rate in Mongolia stands at 25 percent. Corporate Tax Rate in Mongolia is reported by the General Department of National Taxation.
Mongolia Sales Tax Rate | VAT at 10.00 Percent  
The Sales Tax Rate in Mongolia stands at 10 percent. Sales Tax Rate in Mongolia is reported by the General Department of National Taxation.
Mongolia GDP Annual Growth Rate at 11.70 Percent  
The Gross Domestic Product (GDP) in Mongolia expanded 11.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical Office of Mongolia.
Mongolia Unemployment Rate at 7.60 Percent  
Unemployment Rate in Mongolia increased to 7.60 percent in the third quarter of 2013 from 7.30 percent in the second quarter of 2013. Unemployment Rate in Mongolia is reported by the National Statistical Office of Mongolia.
Mongolia Balance of Trade at -33.10 USD Million  
Mongolia recorded a trade deficit of 33.10 USD Million in December of 2013. Balance of Trade in Mongolia is reported by the Mongolbank.
Mongolia Current Account at -870.80 USD Million  
Mongolia recorded a Current Account deficit of 870.80 USD Million in the third quarter of 2013. Current Account in Mongolia is reported by the Mongolbank.
Mongolia Imports at 438.80 USD Million  
Imports in Mongolia decreased to 438.80 USD Million in December of 2013 from 448.30 USD Million in November of 2013. Imports in Mongolia is reported by the Mongolbank.
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