quarterly updates/page/1

Mongolian economic growth has remained resilient in the third quarter, driven by sturdy private consumption, solid FDI inflows and coal exports 

Executive Summary

Mongolia is holding steady with another quarter of powerful growth and a strong future outlook. We watch in anticipation for developments to come.

EXECUTIVE SUMMARY

• Mongolia’s total gross industrial output was up 16% in April 2019 versus the same month of the preceding year

• This tracked output from mining and quarrying which also recorded a 17% growth in the twelve months to April

• Gross Domestic Product (GDP) grew 8.6% in the first quarter of 2019 compared with the preceding year

Key updates

• Strong growth of 6.3% for the first half of 2018

• Joint declaration between the Government of Mongolia and the Millennium Challenge Corporation (MCC) of the US on 350 million USD Second Compact to address Ulaanbaatar’s water supply

• 6.1% growth in Q1 2018, building on 5.1% expansion in full year 2017
  

 

Back from the Brink: Mongolia primed for another year of strong economic growth

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