Mongolia: Economy

Growth will accelerate this year on large mining investments, then moderate in 2018 as coal production reaches full capacity. Inflation will rise in both years, and the current account will remain in deficit on the surge of imports for mining works. Cooperation with the international community is key to addressing financing gaps and preserving economic and social stability. Strengthening the management of natural resources revenue remains a major challenge. Read more from Asian Development Outlook 2017


Economic forecasts for East Asian countries

Country 2017f 2018f
China, People's Republic of 6.7 6.4
Hong Kong, China 2.0 2.1
Korea, Republic of 2.7 2.7
Mongolia 2.5 2.0
Taipei,China 2.0 2.2
Average 6.0 5.7
Country 2017f 2018f
China, People's Republic of 2.0 2.6
Hong Kong, China 2.0 2.1
Korea, Republic of 1.8 1.8
Mongolia 3.5 3.9
Taipei,China 1.1 1.2
Average 1.9 2.4
Country 2017f 2018f
China, People's Republic of 1.8 1.7
Hong Kong, China 3.1 3.1
Korea, Republic of 5.8 5.3
Mongolia –2.1 –6.3
Taipei,China 6.8 6.5
Average 2.5 2.3

f = forecast number.

Source: Asian Development Outlook 2017