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Mongolia

Economic Growth

-4.56
the rate of change of real GDP
Source: IMF

Global Ranking

106
Slovenia-4.23
107
Azerbaijan-4.3
108
Solomon Islands-4.32
109
Slovakia-4.36
110
Bulgaria-4.39
111
Mongolia-4.56
112
Germany-4.57
113
Japan-4.59
114
Hungary-4.68
115
Equatorial Guinea-4.89
116
Bahrain-5.09

Asia Ranking

14
Kazakhstan-2.5
15
Russia-2.95
16
Cambodia-3.15
17
Sri Lanka-3.57
18
Azerbaijan-4.3
19
Mongolia-4.56
20
Japan-4.59
21
Singapore-5.39
22
Malaysia-5.65
23
Hong Kong-6.08
24
Thailand-6.1

Definition of Economic Growth

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

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