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World … World Bank national accounts data, and OECD National Accounts data files. 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. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. The current account deficit will narrow in 2019 to 9.6% of gross domestic product (GDP) from 14.6% of GDP in 2018, as exports grow, in particular on anticipated large increases in gold shipments, and as car imports slow. The Gross Domestic Product (GDP) in Mongolia was worth 13.85 billion US dollars in 2019, according to official data from the World Bank. GDP in Mongolia averaged 4.68 USD Billion from 1981 until 2019, reaching an all time high of 13.85 USD Billion in 2019 and a record low of 0.77 USD Billion in 1993. Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. Label. Mongolia's GDP growth is expected at -1.9% in 2020 and 4.7% in 2021 – Source: ADOS 2020 (June 2020) Mongolia's inflation rates forecasted at 6.4% in 2020 and 8.2% in 2021 – Source: ADOS 2020 (June 2020) Mongolia gdp … Mongolia is a transition economy in Central Asia. Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless.The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity.The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. GDP growth (annual %) - Mongolia. Mongolia gdp growth rate for 2019 was 5.10%, a 2.15% decline from 2018.

It is estimated that the application of the latest standard would add US$824 billion.Most American countries use a national income accounting standard that fails to record the informal economy. The nation is rich in mineral resources with copper, coal, molybdenum, tin, tungsten, and gold being the most important. December 10, 2019. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Mongolia GDP (Gross Domestic Product) was INT$34.22billion for 2019 in PPP terms. Mongolia's economy is centered on mining and livestock agriculture. Despite economic reforms and strong GDP growth in the last few years, 30% of the population still lives below the poverty line. Without prompt policy action, the national and regional costs will continue to grow, weighing on both economic growth … Greening Growth in Mongolia. Also Show. {"2005":1285323.21, "2006":1395298.67, "2007":1538289.02, "2008":1675202.27, "2009":1653950.57, "2010":1759227.36, "2011":2062903.93, "2012":2317053.69, "2013":2586967.28, "2014":2790949.65, "2015":2857374.25, "2016":2890748.38, "2017":3044015.86, "2018":3255544.52, "2019":3421544.74}[{"1970":3.20, "1971":3.35, "1972":3.47, "1973":3.78, "1974":3.94, "1975":4.20, "1976":4.36, "1977":4.70, "1978":5.05, "1979":5.27, "1980":5.61, "1981":6.08, "1982":6.58, "1983":6.96, "1984":7.38, "1985":7.79, "1986":8.53, "1987":8.83, "1988":9.28, "1989":9.67, "1990":9.43, "1991":8.56, "1992":7.74, "1993":7.51, "1994":7.68, "1995":8.17, "1996":8.36, "1997":8.69, "1998":9.00, "1999":9.29, "2000":9.39, "2001":9.67, "2002":10.12, "2003":10.83, "2004":11.98, "2005":12.85, "2006":13.95, "2007":15.38, "2008":16.75, "2009":16.54, "2010":17.59, "2011":20.63, "2012":23.17, "2013":25.87, "2014":27.91, "2015":28.57, "2016":28.91, "2017":30.44, "2018":32.56, "2019":34.22}]{"1971":4.7, "1972":3.6, "1973":8.9, "1974":4.2, "1975":6.5, "1976":3.9, "1977":7.8, "1978":7.5, "1979":4.3, "1980":6.4, "1981":8.4, "1982":8.3, "1983":5.8, "1984":5.9, "1985":5.7, "1986":9.4, "1987":3.5, "1988":5.1, "1989":4.2, "1990":-2.5, "1991":-9.2, "1992":-9.5, "1993":-3.0, "1994":2.3, "1995":6.3, "1996":2.4, "1997":4.0, "1998":3.5, "1999":3.2, "2000":1.1, "2001":3.0, "2002":4.7, "2003":7.0, "2004":10.6, "2005":7.3, "2006":8.6, "2007":10.2, "2008":8.9, "2009":-1.3, "2010":6.4, "2011":17.3, "2012":12.3, "2013":11.6, "2014":7.9, "2015":2.4, "2016":1.2, "2017":5.3, "2018":6.9, "2019":5.1}

GDP Growth Rate in Mongolia averaged 5.45 percent from 1991 until 2018, 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.

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