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1.3oeconomic Indicators for Mongolia, Kazakhstan, Micr 17 yrgyz Republic, and Lao People’s Democratic Republic, 2018K 1.4 Balance of Payments, 1995, 2010, and 2017 29 1.5 Social and Economic Indicators Mongolia, Kazakhstan, 31 yrgyz Republic, and Lao People’s Democratic Republic, 1990K
The economic outlook remains strong, though uncertain. Real GDP is projected to grow by 4.5 percent in 2021, after contracting by 4.6 percent in 2020. In 2022-23, Mongolia remains poised for an export-led boom, with growth expected to accelerate to 6½–7 percent if export portals fully reopen and the Oyu Tolgoi copper mine is completed on ...
Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Mongolia economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Mongolia best banks and safest banks are also available.
This paper will give an overview of the key challenges and prospects that Mongolia faces in 2023. It aims to cover recent events in the country’s economic, political, and geopolitical spheres, thereby introducing Mongolia to a wider audience interested in learning more about the country and its place in regional and international affairs.
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Mongolia’s recovery is expected to continue with the economy set to grow by 5.4 per cent in 2023 and more than 6 per cent in 2024 (ADB, 2023; World Bank 2023). Its growing role in regional supply chains in the mineral, energy, and food sectors will also underpin its crucial cross-border trading partnerships.
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