This page has economic forecasts for Mongolia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Mongolia economy.


Overview Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.50 8.4 8.5 8.2 8.6 8.3 percent
Inflation Rate 5.70 8 8.2 7.9 7.5 6 percent
Interest Rate 10.00 10 10 10 10 8 percent
Balance of Trade 62.48 85 95 105 135 220 USD Million
Government Debt to GDP 79.40 88 83 83 83 80 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Stock Market 20500.49
points
19988 19596 19211 18836 17402
Currency 2536.00
2512 2517 2522 2527 2547
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.30
percent
6.2 5.4 5.7 6.1 5
GDP 11.49
USD Billion
12.1 12.8 12.8 12.8 11.8
Gross Fixed Capital Formation 1384939.20
MNT Million
1755285 986163 1463881 1469420 1959161
GDP per capita 4071.09
USD
4208 4312 4312 4312 4459
GDP per capita PPP 11840.80
USD
12051 12340 12340 12340 12970
Gross National Product 24103349.30
MNT Million
25597757 25404930 25477240 25573654 28570936
GDP Constant Prices 4793827.90
MNT Million
5122480 3418650 5067076 5086251 5717456
GDP From Agriculture 1024271.20
MNT Million
448014 134336 1082655 1086752 500051
GDP From Construction 146926.00
MNT Million
296839 37704 155301 155888 331317
GDP From Manufacturing 292467.10
MNT Million
391664 199167 309138 310308 437155
GDP From Mining 822298.40
MNT Million
1162384 835497 869169 872459 1297395
GDP From Services 889765.10
MNT Million
903821 932678 940482 944041 1008800
GDP From Transport 241046.50
MNT Million
583893 246505 254786 255750 651712
GDP From Utilities 68226.80
MNT Million
99365 106089 72116 72389 110906
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.50
percent
8.4 8.5 8.2 8.6 8.3
Unemployed Persons 104100.00
118000 120900 121200 119900 120000
Labor Force Participation Rate 61.00
percent
61.7 62.1 62.3 62.5 62.5
Population 3.18
Million
3.23 3.25 3.25 3.25 3.28
Wages 1025.60
MNT Thousand/Month
1015 1040 1055 1063 1110
Wages In Manufacturing 1163.60
MNT Thousand/Month
1150 1084 1099 1083 1250
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 55.00
55 55 55 55 55
Employed Persons 1274700.00
1220000 1234000 1247000 1254000 1300000
Employment Rate 56.40
percent
56.3 55.4 55.3 55.7 55.5
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 5.70
percent
8 8.2 7.9 7.5 6
Inflation Rate Mom -0.10
percent
0.6 0.7 0.8 0.9 0.5
Producer Prices 135.60
Index Points
275 289 166 158 368
Producer Prices Change 2.50
percent
17.1 16.9 16.8 16.4 15
Consumer Price Index Cpi 176.80
Index Points
183 189 192 190 209
Food Inflation 5.60
percent
6.4 8.4 10.2 8.6 5.5
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 10.00
percent
10 10 10 10 8
Banks Balance Sheet 30258805.30
MNT Million
29500000 29700000 29900000 30600000 32000000
Deposit Interest Rate 12.96
percent
12.96 12.96 12.96 12.96 10.96
Money Supply M1 3423121.50
MNT Million
3650000 3700000 3730000 3820000 3900000
Money Supply M2 17920219.40
MNT Million
17800000 18100000 18250000 18300000 19400000
Interbank Rate 10.03
percent
10.03 10.03 10.03 10.03 8.03
Foreign Exchange Reserves 2854.10
USD Million
3300 3350 3390 3420 3600
Central Bank Balance Sheet 8368976.10
MNT Million
7390000 7400000 7405000 7420000 7510000
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade 62.48
USD Million
85 95 105 135 220
Exports 554.58
USD Million
650 605 580 565 730
Imports 536.35
USD Million
565 510 475 430 510
Current Account -132.30
USD Million
-88 -50 -80.9 -103 -95
Current Account to GDP -10.40
percent
-8.3 -10.8 -10.8 -10.8 -5.2
Foreign Direct Investment 18968.70
USD Million
19000 19300 19650 19900 20100
Capital Flows -34.10
USD Million
72 -19 37 59 91
Gold Reserves 6.70
Tonnes
3.6 3.3 3.4 3.2 3.3
Terrorism Index 0.00
0 0 0 0 0
Remittances 10.41
USD Million
16.1 16.3 15.7 16.2 17
External Debt 27745305.69
USD Thousand
28509062 28900811 29200022 29488523 31618699
Crude Oil Production 20.00
BBL/D/1K
19.99 19.99 19.99 19.99 19.99
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 79.40
percent
88 83 83 83 80
Government Budget -17.00
percent of GDP
-5.3 -4.2 -4.2 -4.2 -2.1
Government Revenues 5619842.70
MNT Million
8000000 2000000 3700000 5700000 8500000
Military Expenditure 90.20
USD Million
89.8 89.5 89.5 89.5 90.4
Government Spending 623568.90
MNT Million
649264 562858 659112 661607 724676
Government Budget Value 291318.20
MNT Million
-1000000 -100000 -450000 -300000 -840000
Fiscal Expenditure 4760811.10
MNT Million
9000000 2100000 4150000 6000000 9340000
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Industrial Production 0.70
percent
2.3 2.5 -0.79 2.9 4.1
Manufacturing Production -1.40
percent
2.5 12.2 11.6 17.4 3.7
Internet Speed 6625.86
KBps
5156 5359 5060 5265 4932
IP Addresses 31363.00
IP
35478 35724 35984 36188 36904
Mining Production 0.00
percent
6.7 -0.8 -1.9 3.4 12.4
Industrial Production Mom 13.70
percent
1.8 1.5 1.7 1.9 1.1
Ease of Doing Business 74.00
63 65 65 65 68
Electricity Production 403.40
Gigawatt-hour
560 507 366 397 583
Changes In Inventories 711101.10
MNT Million
454000 542000 510000 424000 400200
Competitiveness Index 52.74
Points
53.24 53.24 53.24 53.24 55.74
Competitiveness Rank 99.00
99 99 99 99 99
Corruption Index 36.00
Points
36 36 36 36 36
Corruption Rank 103.00
103 103 103 103 103
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Spending 2385244.50
MNT Million
2586370 2320519 2521203 2530744 2886777
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Housing Index 1.03
Index Points
1.04 1.04 1.04 1.05 1.05
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Personal Income Tax Rate 10.00
percent
10 10 10 10 10
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 23.00
percent
23 23 23 23 23
Social Security Rate For Companies 13.00
percent
13 13 13 13 13
Social Security Rate For Employees 10.00
percent
10 10 10 10 10
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 3.43
mm
5.27 2.75 18.73 18.73 19.42
Temperature -15.90
celsius
-10.2 -16.38 13.56 4.83 -0.82



Mongolia - Economic Forecasts - 2018-2020 Outlook