Markets Actual Q1 Q2 Q3 Q4 2021
Stock Market (points) 19163.12 18648 18469 18292 18115 17761
Currency 2715.00 2717 2727 2737 2747 2768

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 5.10 5 5.1 5.5 5.4 5.1
Unemployment Rate (%) 8.10 8.5 8.1 8.1 8.1 7.3
Inflation Rate (%) 5.60 5.1 5 6 7.5 7
Interest Rate (%) 11.00 11 11 11 11 10
Balance of Trade (USD Million) -14.30 205 124 124 35 220
Current Account (USD Million) -319.48 -120 -120 -120 -95 -95
Current Account to GDP (%) -14.60 -12.5 -12.5 -12.5 -12.5 -11.1
Government Debt to GDP (%) 66.00 80 80 80 80 78
Government Budget (% of GDP) -3.40 -1 -1 -1 -1 -2.4
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Corporate Tax Rate (%) 25.00 25 25 25 25 25

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Annual Growth Rate (%) 5.10 5 5.1 5.5 5.4 5.1
GDP (USD Billion) 13.01 14.6 14.6 14.6 14.6 15.3
Gross Fixed Capital Formation (MNT Million) 1826715.70 1361886 1732390 1874306 1925358 2023552
GDP per capita (USD) 4197.80 4584 4584 4584 4584 4777
GDP per capita PPP (USD) 12209.20 12970 12970 12970 12970 12970
Gross National Product (MNT Million) 28564174.70 29278279 29292561 29349690 30106640 31642079
GDP Constant Prices (MNT Million) 5383314.90 3613316 5254659 5147903 5674014 5963389
GDP From Agriculture (MNT Million) 601898.60 137764 1110642 736153 634401 666756
GDP From Construction (MNT Million) 336901.50 42084 173183 141333 355094 373204
GDP From Manufacturing (MNT Million) 547603.20 198222 296188 343473 577174 606610
GDP From Mining (MNT Million) 1073577.50 932518 946291 1072218 1131551 1189260
GDP From Services (MNT Million) 958247.20 958359 975071 1052302 1009993 1061502
GDP From Transport (MNT Million) 564840.20 248383 245401 380837 595342 625704
GDP From Utilities (MNT Million) 109161.50 106478 73266 63492 115056 120924

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 8.10 8.5 8.1 8.1 8.1 7.3
Unemployed Persons 105139.00 119000 119000 119000 120000 120000
Labor Force Participation Rate (%) 60.70 62.1 62.1 62.1 62.5 62.5
Population (Million) 3.24 3.36 3.36 3.36 3.36 3.42
Wages (MNT Thousand/Month) 1161.20 1080 1080 1080 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1187.40 1190 1190 1190 1250 1250
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Employment Rate (%) 54.20 56.1 56.1 56.1 55.5 55.5

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 5.60 5.1 5 6 7.5 7
Inflation Rate Mom (%) 0.90 0.7 0.7 0.7 0.5 0.5
Producer Prices (points) 148.80 147 151 155 158 173
Producer Prices Change (%) 23.90 7.3 11.8 8.1 6.4 9.5
Consumer Price Index Cpi (points) 123.10 124 128 130 131 140
Food Inflation (%) 7.80 7.3 7.3 7.3 5.5 5.5

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 11.00 11 11 11 11 10
Interbank Rate (%) 11.11 11.11 11.11 11.11 11.11 11.11
Banks Balance Sheet (MNT Million) 35859341.42 36605296 37322918 38040541 38758163 41628653
Deposit Interest Rate (%) 10.50 10.5 10.5 10.5 10.5 10.5
Money Supply M2 (MNT Million) 20833777.90 21062437 21380296 21698154 22016013 23287448
Foreign Exchange Reserves (USD Million) 4015.50 4108 4232 4357 4482 5022
Central Bank Balance Sheet (MNT Million) 3525393.47 7440000 7440000 7440000 7510000 7510000

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -14.30 205 124 124 35 220
Current Account (USD Million) -319.48 -120 -120 -120 -95 -95
Current Account to GDP (%) -14.60 -12.5 -12.5 -12.5 -12.5 -11.1
Exports (USD Million) 459.00 685 715 715 546 557
Imports (USD Million) 473.30 455 591 591 515 522
Foreign Direct Investment (USD Million) 21183.60 20000 20000 20000 20100 20100
Gold Reserves (Tonnes) 17.92 3.3 3.3 3.3 3.3 3.3

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 66.00 80 80 80 80 78
Government Budget (% of GDP) -3.40 -1 -1 -1 -1 -2.4
Military Expenditure (USD Million) 90.00 90.4 90.4 90.4 90.4 90.4
Government Spending (MNT Million) 812407.70 560878 758817 543673 856278 899948
Government Budget Value (MNT Million) 627770.70 -900000 -900000 -900000 -840000 -840000

Taxes Actual Q1 Q2 Q3 Q4 2021
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 26.00 26 26 26 26 26
Social Security Rate For Companies (%) 14.50 14.5 14.5 14.5 14.5 14.5
Social Security Rate For Employees (%) 11.50 11.5 11.5 11.5 11.5 11.5

Business Actual Q1 Q2 Q3 Q4 2021
Industrial Production (%) -17.50 -5 3.5 4.1 4.1 4.1
Manufacturing Production (%) 0.30 2.8 2.8 2.8 3.7 3.7
Mining Production (%) -29.30 10.9 10.9 10.9 12.4 12.4
Industrial Production Mom (%) -15.10 2.2 2.2 2.2 1.1 1.1
Electricity Production (Gigawatt-hour) 651.40 658 600 600 676 701
Changes In Inventories (MNT Million) 411317.10 405000 405000 405000 400200 400200

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Spending (MNT Million) 3179374.20 2560847 2784322 3165103 3351060 3521964

Housing Actual Q1 Q2 Q3 Q4 2021
Housing Index (points) 1.09 1.09 1.1 1.11 1.11 1.14


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.