Mongolia Country profile

mongolia_country_profile.jpg

April 2018

Mongolia’s economy is on the mend after the sharp slowdown in global commodity prices, close links to a slowing Chinese economy and economic mismanagement weighed heavily on Mongolia’s annual growth rate. Admission to an IMF program, progress on much needed structural reforms and a recovery in global commodity prices all bode well for Mongolia’s outlook. Mongolia lags the region in creditworthiness and per capita income. But business conditions are more favourable relative to the peer average.

Figure
This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars for 2018 as provided by the IMF. Annual GDP growth is for 2018. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.