Mongolia - Economic Ranking

Mongolia - Economic Ranking

mongolia - National Statistics

Markets	Last	Previous	Average	Trend	Unit	Reference	Frequency
Currency	1437.50	1437.50	1253.74			Jun/2013	Monthly
GDP	Last	Previous	Average	Trend	Unit	Reference	Frequency
GDP per capita	892.08	772.93	525.87		USD	Dec/2011	Yearly
GDP per capita PPP	4763.99	4017.98	2151.75		USD	Dec/2011	Yearly
GDP	8.56	6.08	2.52		USD Billion	Dec/2011	Yearly
GDP Growth Rate	7.20	5.60	5.32		Percent	Mar/2013	Quarterly
GDP Annual Growth Rate	7.20	5.60	4.95		Percent	Mar/2013	Quarterly
Labour	Last	Previous	Average	Trend	Unit	Reference	Frequency
Population	2.80	2.70	1.88		Million	Dec/2011	Yearly
Unemployment Rate	3.60	3.30	4.94		Percent	Dec/2011	Yearly
Prices	Last	Previous	Average	Trend	Unit	Reference	Frequency
Inflation Rate	9.70	10.40	12.71		Percent	May/2013	Monthly
Money	Last	Previous	Average	Trend	Unit	Reference	Frequency
Interest Rate	11.50	11.50	11.75		Percent	May/2013	Monthly
Trade	Last	Previous	Average	Trend	Unit	Reference	Frequency
Current Account to GDP	-31.30	-31.70	-5.68		Percent	Dec/2012	Yearly
Balance of Trade	-63.49	-44.26	-50.31		USD Million	Apr/2013	Monthly
Current Account	-609.70	-631.30	-124.35		USD Million	Mar/2013	Quarterly
Exports	391.30	288.66	244.34		USD Million	Apr/2013	Monthly
Imports	454.79	332.92	294.67		USD Million	Apr/2013	Monthly
Government	Last	Previous	Average	Trend	Unit	Reference	Frequency
Government Debt To GDP	51.70	45.30	61.26		Percent	Dec/2011	Yearly
Government Budget	-8.40	-4.80	-4.44		Percent of GDP	Dec/2012	Yearly
Credit Rating	36.25
Business	Last	Previous	Average	Trend	Unit	Reference	Frequency
Industrial Production	7.20	9.70	3.47		Percent	Dec/2012	Yearly

P.C. mongolia - National Statistics

RELATED NEWS   2013
Mongolia Inflation Rate at 9.70 Percent
Mongolia Balance of Trade at -63.49 USD Million
Mongolia Exports at 391.30 USD Million
Mongolia Imports at 454.79 USD Million
Mongolia Interest Rate at 11.50 Percent
Mongolia GDP Annual Growth Rate at 7.20 Percent
Mongolia Industrial Production at 7.20 Percent
Mongolia Government Debt To GDP at 51.70 Percent
Mongolia Government Budget at -8.40 Percent of GDP
Mongolia GDP Growth Rate at 7.20 Percent
Mongolia Current Account at -609.70 USD Million
Mongolia Current Account to GDP at -31.30 Percent
Mongolia Unemployment Rate at 3.60 Percent
Mongolia | Credit Rating at 36.25
Mongolia Population at 2.80 Million
Mongolia GDP at 8.56 USD Billion
Mongolia GDP per capita at 892.08 USD
Mongolia GDP per capita PPP at 4763.99 USD

Mongolia | Economic Forecasts | 2013-2015 Outlook

This is includes economic forecasts for Mongolia.

Markets		ACTUAL		FORECAST	2013	2014	2015
Currency	06/20/2013	1437.50	06/30/2013	1434.40	1437.13	1445.05	1446.51
GDP		ACTUAL		FORECAST	2013	2014	2015
GDP per capita	12/31/2011	892.08	12/31/2012	901.97	987.86	994.24	996.12
GDP per capita PPP	12/31/2011	4763.99	12/31/2012	4826.72	5597.82	5719.79	5776.21
GDP	12/31/2011	8.56	12/31/2012	8.74	9.95	10.65	11.33
GDP Growth Rate	03/31/2013	7.20	06/30/2013	10.91	14.70	10.75	12.26
GDP Annual Growth Rate	03/31/2013	7.20	06/30/2013	10.91	14.70	10.75	12.26
Labour		ACTUAL		FORECAST	2013	2014	2015
Population	12/31/2011	2.80	12/31/2012	2.81	2.88	2.88	2.88
Unemployment Rate	12/31/2011	3.60	12/31/2012	3.61	3.38	3.36	3.34
Prices		ACTUAL		FORECAST	2013	2014	2015
Inflation Rate	05/31/2013	9.70	12/31/2013	12.32	12.32	13.69	12.77
Money		ACTUAL		FORECAST	2013	2014	2015
Interest Rate	05/31/2013	11.50	12/31/2013	10.00	10.00	12.50	12.25
Trade		ACTUAL		FORECAST	2013	2014	2015
Current Account to GDP	12/31/2012	-31.30	12/31/2013	-31.52	-31.52	-32.67	-33.00
Balance of Trade	04/30/2013	-63.49	12/31/2013	-96.63	-96.63	-99.22	-96.58
Current Account	03/31/2013	-609.70	06/30/2013	-685.87	-561.90	-577.79	-605.04
Exports	04/30/2013	391.30	12/31/2013	284.18	284.18	265.68	263.12
Imports	04/30/2013	454.79	12/31/2013	366.95	366.95	346.69	337.42
Government		ACTUAL		FORECAST	2013	2014	2015
Government Debt To GDP	12/31/2011	51.70	12/31/2012	52.14	56.83	56.85	56.85
Government Budget	12/31/2012	-8.40	12/31/2013	-8.67	-8.67	-8.24	-8.13
Credit Rating		36.25
Business		ACTUAL		FORECAST	2013	2014	2015
Industrial Production	12/31/2012	7.20	12/31/2013	7.07	7.07	6.06	6.06

Mongolia GDP per capita

The Gross Domestic Product per capita in Mongolia was last recorded at 892.08 US dollars in 2011. The GDP per Capita in Mongolia is equivalent to 7 percent of the world's average. GDP per capita in Mongolia is reported by the World Bank. Historically, from 1981 until 2011, Mongolia GDP per capita averaged 525.9 USD reaching an all time high of 892.1 USD in December of 2011 and a record low of 387.7 USD in December of 1993. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Mongolia GDP per capita.

 

Mongolia GDP per capita PPP

The Gross Domestic Product per capita in Mongolia was last recorded at 4763.99 US dollars in 2011, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Mongolia, when adjusted by Purchasing Power Parity is equivalent to 22 percent of the world's average. GDP per capita PPP in Mongolia is reported by the World Bank. Historically, from 1981 until 2011, Mongolia GDP per capita PPP averaged 2151.8 USD reaching an all time high of 4764.0 USD in December of 2011 and a record low of 1041.9 USD in December of 1981. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Mongolia GDP per capita PPP.

 

 

Mongolia GDP

The Gross Domestic Product (GDP) in Mongolia was worth 8.56 billion US dollars in 2011. The GDP value of Mongolia represents 0.01 percent of the world economy. GDP in Mongolia is reported by the the World Bank. Historically, from 1981 until 2011, Mongolia GDP averaged 2.5 USD Billion reaching an all time high of 8.6 USD Billion in December of 2011 and a record low of 0.7 USD Billion in December of 1993. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page includes a chart with historical data for Mongolia GDP.

 

 

Mongolia GDP Growth Rate

The Gross Domestic Product (GDP) in Mongolia expanded 7.20 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical office of Mongolia. Historically, from 1991 until 2013, Mongolia GDP Growth Rate averaged 5.32 Percent reaching an all time high of 16.50 Percent in March of 2012 and a record low of -9.30 Percent in December of 1992. Mongolia is a transition economy in Central Asia. Despite economic reforms and strong GDP growth in the last few years, 30% of the population still lives below the poverty line. Mongolia's economy is centered on mining and livestock agriculture. The nation is rich in mineral resources with copper, coal, molybdenum, tin, tungsten, and gold being the most important. Mongolia is the world's biggest producer of cashmere. This page includes a chart with historical data for Mongolia GDP Growth Rate.

 

 

Mongolia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Mongolia expanded 7.20 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical office of Mongolia. Historically, from 1991 until 2013, Mongolia GDP Annual Growth Rate averaged 4.95 Percent reaching an all time high of 17.50 Percent in December of 2011 and a record low of -9.30 Percent in December of 1992. Mongolia's services sector is the largest relative to GDP, accounting for 48 percent. However, industry has been expanding heavily in the past years, contributing the most to economic growth and accounting for 37 percent of total output. Finally, agriculture makes up for 15 percent of total GDP. This page includes a chart with historical data for Mongolia GDP Annual Growth Rate.

 

 

Mongolia Interest Rate

The benchmark interest rate in Mongolia was last recorded at 11.50 percent. Interest Rate in Mongolia is reported by the Mongolbank. Historically, from 2007 until 2013, Mongolia Interest Rate averaged 11.75 Percent reaching an all time high of 14 Percent in April of 2009 and a record low of 6.40 Percent in July of 2007. In Mongolia, interest rates decisions are taken by the Bank of Mongolia (Mongolbank). The official interest rate is the Policy Rate. This page includes a chart with historical data for Mongolia Interest Rate.

 

 

Mongolia Current Account to GDP

Mongolia recorded a Current Account deficit of 31.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Mongolia is reported by the Mongolbank. Historically, from 1991 until 2012, Mongolia Current Account to GDP averaged -5.68 Percent reaching an all time high of 6.50 Percent in December of 2006 and a record low of -31.70 Percent in December of 2011. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Mongolia Current Account to GDP.

 

 

Mongolia Government Debt To GDP

Mongolia recorded a Government Debt to GDP of 51.70 percent of the country's Gross Domestic Product in 2011. Government Debt To GDP in Mongolia is reported by the the World Bank. Historically, from 1992 until 2011, Mongolia Government Debt To GDP averaged 61.26 Percent reaching an all time high of 105.50 Percent in December of 2003 and a record low of 24.50 Percent in December of 1992. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Mongolia Government Debt To GDP.

 

 

Mongolia Government Budget

Mongolia recorded a Government Budget deficit equal to 8.40 percent of the country's Gross Domestic Product in 2012. Government Budget in Mongolia is reported by the Mongolbank. Historically, from 1990 until 2012, Mongolia Government Budget averaged -4.44 Percent of GDP reaching an all time high of 3.10 Percent of GDP in December of 2006 and a record low of -14.30 Percent of GDP in December of 1998. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Mongolia Government Budget.

 

 

Mongolia | Credit Rating

Standard & Poor's credit rating for Mongolia stands at BB-. Moody's rating for Mongolia sovereign debt is B1. Fitch's credit rating for Mongolia is B+. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Mongolia thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Mongolia as reported by major credit rating agencies.

 

 

Country	S&P Rating	S&P Outlook	Moody's rating	Moody's outlook	Fitch Rating	Fitch Outlook	TE Rating	TE Outlook
ALBANIA	B1	STABLE	B1	STABLE			35.00	STABLE
ANDORRA	A-	NEGATIVE					70.00	NEGATIVE
ANGOLA	BB-	STABLE	Ba3	POSITIVE	BB-	POSITIVE	40.00	STABLE
ARGENTINA	B-	NEGATIVE	Caa1	STABLE	CC		25.00	NEGATIVE
ARMENIA			Ba2	NEGATIVE	BB-	STABLE	42.50
ARUBA	A-	NEGATIVE			BBB	STABLE	65.00	NEGATIVE
AUSTRALIA	AAA	STABLE	Aaa	STABLE	AAA	STABLE	96.54	STABLE
AUSTRIA	AA+	NEGATIVE	Aaa	NEGATIVE	AAA	STABLE	96.89	NEGATIVE
AZERBAIJAN	BBB-	STABLE	Baa3	STABLE	BBB-	STABLE	55.00	STABLE
BAHAMAS	BBB	NEGATIVE	Baa1	NEGATIVE			62.50	NEGATIVE
BAHRAIN	BBB	NEGATIVE	Baa1	NEGATIVE	BBB	STABLE	61.25	NEGATIVE
BANGLADESH	BB-	STABLE	Ba3	STABLE			40.00	STABLE
BARBADOS	BB+	STABLE	Baa3	NEGATIVE			52.50	STABLE
BELARUS	B-	Positive	B3	NEGATIVE			25.00	STABLE
BELGIUM	AA	NEGATIVE	Aa3	NEGATIVE	AA	STABLE	86.55	NEGATIVE
BELIZE	SD		Ca	NEGATIVE			5.00
BENIN	B	NEGATIVE					30.00	NEGATIVE
BERMUDA	AA-	STABLE	Aa2	STABLE	AA	STABLE	88.75	STABLE
BHUTAN	BB-	STABLE	Ba3	STABLE	BB-	STABLE	40.00	STABLE
BOLIVIA	BB-	STABLE	Ba3	STABLE	BB-	STABLE	40.00	STABLE
BOSNIA AND HERZEGOVINA	B	STABLE	B3	STABLE			27.50	STABLE
BOTSWANA	A-	STABLE	A2	STABLE			72.50	STABLE
BRAZIL	BBB	NEGATIVE	Baa2	POSITIVE	BBB	STABLE	50.73	STABLE
BULGARIA	BBB	STABLE	Baa2	STABLE	BBB-	STABLE	54.24	STABLE
BURKINA FASO	B	STABLE					30.00	STABLE
CAMBODIA	B	STABLE	B2	STABLE			30.00	STABLE
CAMEROON	B	STABLE			B	STABLE	30.00	STABLE
CANADA	AAA	STABLE	Aaa	STABLE	AAA	STABLE	98.06	STABLE
CAPE VERDE	B+	STABLE			B+	STABLE	35.00	STABLE
CAYMAN ISLANDS			Aa3	STABLE			85.00
CHILE	AA-	Positive	Aa3	STABLE	A+	STABLE	76.83	STABLE
CHINA	AA-	STABLE	Aa3	POSITIVE	A+	STABLE	78.82	STABLE
COLOMBIA	BBB	Stable	Baa3	STABLE	BBB-	STABLE	49.65	POSITIVE
COSTA RICA	BB	STABLE	Baa3	STABLE	BB+	STABLE	50.00	STABLE
CROATIA	BB+	STABLE	Baa3	NEGATIVE	BBB-	NEGATIVE	48.85	STABLE
CUBA			Caa1	STABLE			20.00
CYPRUS	CCC	Stable	B3	RUR-	BB-	NEGATIVE	31.25	NEGATIVE
CZECH REPUBLIC	AA-	STABLE	A1	STABLE	A+	STABLE	79.28	STABLE
DENMARK	AAA	STABLE	Aaa	STABLE	AAA	STABLE	98.38	STABLE
DOMINICAN REPUBLIC	B+	STABLE	B1	STABLE	B	STABLE	32.50	STABLE
ECUADOR	B	STABLE	Caa1	STABLE	B-	POSITIVE	25.00	STABLE
EGYPT	CCC+	STABLE	Caa1	STABLE	B	Negative	31.25	NEGATIVE
EL SALVADOR	BB-	NEGATIVE	Ba3	STABLE	BB	NEGATIVE	42.50	NEGATIVE
ESTONIA	AA-	STABLE	A1	STABLE	A+	STABLE	81.25	STABLE
FIJI	B	STABLE	B1				32.50	STABLE
FINLAND	AAA	NEGATIVE	Aaa	STABLE	AAA	STABLE	98.25	NEGATIVE
FRANCE	AA+	NEGATIVE	Aa1	NEGATIVE	AAA	NEGATIVE	95.36	NEGATIVE
GABON	BB-	NEGATIVE			BB-	STABLE	40.00	NEGATIVE
GEORGIA	BB-	STABLE	Ba3	STABLE	BB-	STABLE	40.00	STABLE
GERMANY	AAA	STABLE	Aaa	NEGATIVE	AAA	STABLE	98.47	STABLE
GHANA	B	STABLE	B1	STABLE	B+	NEGATIVE	32.50	STABLE
GREECE	B-	STABLE	C	-	CCC		5.75	STABLE
GRENADA	CCC+	NEGATIVE					20.00	NEGATIVE
GUATEMALA	BB	STABLE	Ba1	STABLE	BB+	STABLE	48.75	STABLE
HONDURAS	B+	STABLE	B2	STABLE			32.50	STABLE
HONG KONG	AAA	STABLE	Aa1	POSITIVE	AA+	STABLE	95.39	STABLE
HUNGARY	BB	STABLE	Ba1	NEGATIVE	BB+	STABLE	42.58	STABLE
ICELAND	BBB-	STABLE	Baa3	NEGATIVE	BBB-	STABLE	48.48	STABLE
INDIA	BBB-	NEGATIVE	Baa3	STABLE	BBB-	STABLE	47.12	NEGATIVE
INDONESIA	BB+	STABLE	Baa3	STABLE	BBB-	STABLE	48.51	POSITIVE
IRELAND	BBB+	Stable	Ba1	NEGATIVE	BBB+	STABLE	56.86	NEGATIVE
ISLE OF MAN	AA+	STABLE	Aaa	STABLE			97.50	STABLE
ISRAEL	A+	STABLE	A1	STABLE	A	STABLE	73.47	STABLE
ITALY	BBB+	NEGATIVE	Baa2	NEGATIVE	BBB+	Negative	62.09	NEGATIVE
JAMAICA	CCC+	Negative	B3	STABLE	B-	STABLE	25.00	NEGATIVE
JAPAN	AA-	NEGATIVE	Aa3	STABLE	A+	NEGATIVE	81.68	NEGATIVE
JORDAN	BB	NEGATIVE	Ba2	NEGATIVE			45.00	NEGATIVE
KAZAKHSTAN	BBB+	STABLE	Baa2	STABLE	BBB+	STABLE	63.75	STABLE
KENYA	B+	STABLE	B1	STABLE	B+	STABLE	21.50	STABLE
KUWAIT	AA	STABLE	Aa2	STABLE	AA	STABLE	90.00	STABLE
LATVIA	BBB	POSITIVE	Baa2	Positive	BBB	POSITIVE	55.41	POSITIVE
LEBANON	B	NEGATIVE	B1	STABLE	B	STABLE	31.25	NEGATIVE
LIECHTENSTEIN	AAA	STABLE					100.00	STABLE
LITHUANIA	BBB	STABLE	Baa1	STABLE	BBB+	Positive	57.10	STABLE
LUXEMBOURG	AAA	NEGATIVE	Aaa	NEGATIVE	AAA	STABLE	100.00	NEGATIVE
MACAO			Aa3	STABLE	AA-	STABLE	85.00
MACEDONIA	BB	STABLE			BB+	STABLE	47.50	STABLE
MALAYSIA	A-	STABLE	A3	STABLE	A-	STABLE	66.50	STABLE
MALTA	BBB+	STABLE	A3	NEGATIVE	A+	STABLE	73.75	STABLE
MAURITIUS			Baa1	STABLE			65.00
MEXICO	BBB	STABLE	Baa1	STABLE	BBB+	STABLE	55.85	STABLE
MOLDOVA			B3	STABLE			25.00
MONGOLIA	BB-	STABLE	B1	STABLE	B+	STABLE	36.25	STABLE
MONTENEGRO	BB-	STABLE	Ba3	STABLE			40.00	STABLE
MOROCCO	BBB-	NEGATIVE	Ba1	STABLE	BBB-	STABLE	53.75	NEGATIVE
MOZAMBIQUE	B+	STABLE			B	POSITIVE	32.50	STABLE
NAMIBIA			Baa3	STABLE			55.00
NETHERLANDS	AAA	NEGATIVE	Aaa	NEGATIVE	AAA	STABLE	98.27	NEGATIVE
NEW ZEALAND	AA	STABLE	Aaa	STABLE	AA	STABLE	88.98	STABLE
NICARAGUA			B3	STABLE			25.00
NIGERIA	BB-	STABLE	Ba3	STABLE	BB-	STABLE	28.64	STABLE
NORTH KOREA	A+	STABLE	Aa3	STABLE			82.50	STABLE
NORWAY	AAA	STABLE	Aaa	STABLE	AAA	STABLE	97.77	STABLE
OMAN	A	STABLE	A1	STABLE			77.50	STABLE
PAKISTAN	B-	STABLE	Caa1	NEGATIVE			10.84	STABLE
PALAU	A-	STABLE	A2	STABLE			72.50	STABLE
PANAMA	BBB	STABLE	Baa2	STABLE	BBB	STABLE	60.00	STABLE
PAPUA NEW GUINEA	B+	STABLE	B1	STABLE			35.00	STABLE
PARAGUAY	BB-	STABLE	B1	STABLE			37.50	STABLE
PERU	BBB	POSITIVE	Baa2	POSITIVE	BBB	STABLE	53.24	POSITIVE
PHILIPPINES	BBB-	STABLE	Ba1	STABLE	BBB-	STABLE	45.63	POSITIVE
POLAND	A-	STABLE	A2	STABLE	A-	Stable	67.41	STABLE
PORTUGAL	BB	STABLE	Ba3	NEGATIVE	BB+	NEGATIVE	39.89	NEGATIVE
QATAR	AA	STABLE	Aa2	STABLE			87.36	STABLE
ROMANIA	BB+	STABLE	Baa3	NEGATIVE	BBB-	STABLE	47.35	STABLE
RUSSIA	BBB	STABLE	Baa1	STABLE	BBB	STABLE	54.81	STABLE
RWANDA	B	STABLE			B	STABLE	30.00	STABLE
SAUDI ARABIA	AA-	STABLE	Aa3	STABLE	AA-	STABLE	85.00	STABLE
SENEGAL	B+	NEGATIVE	B1	STABLE			35.00	NEGATIVE
SERBIA	BB-	NEGATIVE			BB-	NEGATIVE	40.00	NEGATIVE
SINGAPORE	AAA	STABLE	Aaa	STABLE	AAA	STABLE	98.60	STABLE
SLOVAKIA	A	STABLE	A2	NEGATIVE	A+	STABLE	73.19	STABLE
SLOVENIA	A	NEGATIVE	Ba1	Negative	BBB+	NEGATIVE	63.95	NEGATIVE
SOUTH AFRICA	BBB	NEGATIVE	Baa1	NEGATIVE	BBB	Stable	57.44	NEGATIVE
SOUTH KOREA	A+	STABLE	Aa3	STABLE	AA-	STABLE	80.74	STABLE
SPAIN	BBB-	NEGATIVE	Baa3	NEGATIVE	BBB	NEGATIVE	52.55	NEGATIVE
SRI LANKA	B+	STABLE	B1	POSITIVE	BB-	STABLE	37.50	STABLE
ST VINCENT AND THE GRENADINES			B2	STABLE			30.00
SURINAME	BB-	STABLE	Ba3	POSITIVE	BB-	STABLE	40.00	STABLE
SWEDEN	AAA	STABLE	Aaa	STABLE	AAA	STABLE	98.21	STABLE
SWITZERLAND	AAA	STABLE	Aaa	STABLE	AAA	STABLE	99.46	STABLE
SYRIA	AA-	STABLE	Aa3	STABLE			85.00	STABLE
TAIWAN	AA-	STABLE	Aa3	STABLE	A+	STABLE	81.32	STABLE
THAILAND	BBB+	STABLE	Baa1	STABLE	BBB+	Stable	58.82	STABLE
TONGA	A	STABLE	Baa1	STABLE			70.00	STABLE
TRINIDAD AND TOBAGO	A	STABLE	Baa1	STABLE			70.00	STABLE
TUNISIA	BB-	Negative	Baa3	NEGATIVE	BB+	NEGATIVE	50.00	STABLE
TURKEY	BB+	STABLE	Ba1	POSITIVE	BBB-	STABLE	44.58	STABLE
UGANDA	B+	NEGATIVE			B	STABLE	32.50	NEGATIVE
UKRAINE	B	NEGATIVE	B3	NEGATIVE	B	STABLE	28.75	NEGATIVE
UNITED ARAB EMIRATES			Aaa	STABLE	AA	STABLE	95.00
UNITED KINGDOM	AAA	NEGATIVE	AA1	STABLE	AA+	STABLE	97.96	NEGATIVE
UNITED STATES	AA+	STABLE	Aaa	NEGATIVE	AAA	NEGATIVE	96.89	NEGATIVE
URUGUAY	BBB-	STABLE	Baa3	POSITIVE	BB+	POSITIVE	52.50	STABLE
VANUATU	B+	STABLE	B2	STABLE			32.50	STABLE
VENEZUELA	B	STABLE	B2	STABLE	B+	NEGATIVE	23.70	STABLE
VIETNAM	BB-	STABLE	B2	STABLE	B+	STABLE	25.23	STABLE
ZAMBIA	B+	STABLE	B1	STABLE	B+	NEGATIVE	35.00	STABLE
ZIMBABWE	B+	STABLE	B1	STABLE			35.00	STABLE

TE*	S&P	Moody's	Fitch
100	AAA	Aaa	AAA	Prime
95	AA+	Aa1	AA+	High grade		The TE credit rating is driven by a model created at Trading Economics. We take into account the average grade given by credit rating agencies plus multiple economic indicators, exchange rates, government bond yields, stock indexes, commodity prices and very little discretion. Unlike the ratings provided by the major credit agencies, our index is numerical because we believe it is easier to understand and visualize on historical data charts and more insightful when comparing multiple countries. Our ratings are also more quantitative and more independent because they are less likely to be manipulated by a single credit rating agency. Please note this is still a beta model with lots of work in progress.
90	AA	Aa2	AA
85	AA-	Aa3	AA-
80	A+	A1	A+	Upper medium grade
75	A	A2	A
70	A-	A3	A-
65	BBB+	Baa1	BBB+	Lower medium grade
60	BBB	Baa2	BBB
55	BBB-	Baa3	BBB-
50	BB+	Ba1	BB+	Non-investment grade speculative
45	BB	Ba2	BB
40	BB-	Ba3	BB-
35	B+	B1	B+	Highly speculative
30	B	B2	B
25	B-	B3	B-
20	CCC+	Caa1	CCC	Substantial risks
15	CCC	Caa2		Extremely speculative
10	CCC-	Caa3		In default with little prospect for recovery
	CC	Ca
5	C	C
0	D	/	DDD	In default
		/	DD
			D