Markets Actual Q3 Q4 Q1 Q2 2020
Stock Market (points) 18987.51 19275 19074 18876 18679 18292
Currency 2654.00 2669 2679 2688 2698 2716
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 7.30 6.1 6.6 5.8 5.5 6.3
Unemployment Rate (%) 10.10 9.1 9 8.5 8.1 8.1
Inflation Rate (%) 8.90 8.1 8.4 8 7.6 7.4
Interest Rate (%) 11.00 11 11 11 9.5 9.5
Balance of Trade (USD Million) 231.60 63 205 205 205 220
Current Account (USD Million) -93.88 -103 -120 -120 -120 -95
Current Account to GDP (%) -14.60 -9.8 -9.8 -12.9 -12.9 -12.9
Government Debt to GDP (%) 66.00 83 83 80 80 80
Government Budget (% of GDP) -3.40 -5.4 -5.4 -4 -4 -4
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Corporate Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 7.30 6.1 6.6 5.8 5.5 6.3
GDP (USD Billion) 13.01 13.5 13.5 15 15 15
Gross Fixed Capital Formation (MNT Million) 1689312.10 1474002 1813204 1405732 1782224 1927436
GDP per capita (USD) 4197.80 4312 4312 4459 4459 4459
GDP per capita PPP (USD) 12209.20 12340 12340 12970 12970 12970
Gross National Product (MNT Million) 28564174.70 25400430 30449410 30220897 30135204 32367723
GDP Constant Prices (MNT Million) 5123997.30 5088109 5603976 3729647 5405817 5957027
GDP From Agriculture (MNT Million) 1083025.10 736265 515535 142199 1142591 548014
GDP From Construction (MNT Million) 168876.20 124043 286963 43439 178164 305042
GDP From Manufacturing (MNT Million) 288823.50 337475 498260 204603 304709 529651
GDP From Mining (MNT Million) 922760.90 1115687 1353444 962541 973513 1438711
GDP From Services (MNT Million) 950824.90 1081904 952134 989213 1003120 1012119
GDP From Transport (MNT Million) 239299.00 338501 604750 256379 252460 642849
GDP From Utilities (MNT Million) 71444.00 61183 105578 109906 75373 112230
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 10.10 9.1 9 8.5 8.1 8.1
Unemployed Persons 131100.00 119900 119000 119000 119000 120000
Labor Force Participation Rate (%) 60.80 62.5 62.1 62.1 62.1 62.5
Population (Million) 3.24 3.25 3.24 3.3 3.3 3.3
Wages (MNT Thousand/Month) 1157.90 1063 1080 1080 1080 1110
Wages In Manufacturing (MNT Thousand/Month) 1196.80 1083 1190 1190 1190 1250
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Employment Rate (%) 54.60 55.7 56.1 56.1 56.1 55.5
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 8.90 8.1 8.4 8 7.6 7.4
Inflation Rate Mom (%) 0.30 0.9 0.7 0.7 0.7 0.5
Producer Prices (Index Points) 133.90 158 140 158 154 161
Producer Prices Change (%) -0.80 6.5 9 12.5 12.5 15
Consumer Price Index Cpi (Index Points) 121.50 121 126 127 131 135
Food Inflation (%) 13.30 8.6 7.3 7.3 7.3 5.5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 11.00 11 11 11 9.5 9.5
Interbank Rate (%) 11.05 10.97 10.97 10.97 9.47 9.47
Banks Balance Sheet (MNT Million) 34254187.25 30600000 30880000 30880000 30880000 32000000
Deposit Interest Rate (%) 11.10 11.1 11.1 11.1 9.6 9.6
Money Supply M2 (MNT Million) 20229409.50 18300000 18500000 18500000 18500000 19400000
Foreign Exchange Reserves (USD Million) 4101.40 3420 3490 3490 3490 3600
Central Bank Balance Sheet (MNT Million) 8765448.00 7420000 7440000 7440000 7440000 7510000
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 231.60 63 205 205 205 220
Current Account (USD Million) -93.88 -103 -120 -120 -120 -95
Current Account to GDP (%) -14.60 -9.8 -9.8 -12.9 -12.9 -12.9
Exports (USD Million) 815.60 619 538 685 715 546
Imports (USD Million) 584.02 556 509 455 591 515
Foreign Direct Investment (USD Million) 21183.60 19900 20000 20000 20000 20100
Gold Reserves (Tonnes) 20.08 3.2 3.3 3.3 3.3 3.3
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 66.00 83 83 80 80 80
Government Budget (% of GDP) -3.40 -5.4 -5.4 -4 -4 -4
Government Spending (MNT Million) 739948.60 530337 698867 578935 780646 742896
Taxes Actual Q3 Q4 Q1 Q2 2020
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 23 23 23 23 23
Social Security Rate For Companies (%) 14.50 13 13 13 13 13
Social Security Rate For Employees (%) 11.50 10 10 10 10 10
Business Actual Q3 Q4 Q1 Q2 2020
Industrial Production (%) 11.50 6.3 3.5 3.5 3.5 4.1
Manufacturing Production (%) -5.70 17.4 2.8 2.8 2.8 3.7
Mining Production (%) 17.40 3.4 10.9 10.9 10.9 12.4
Industrial Production Mom (%) -0.50 1.9 2.2 2.2 2.2 1.1
Electricity Production (Gigawatt-hour) 402.70 397 575 575 575 583
Changes In Inventories (MNT Million) 573326.60 424000 405000 405000 405000 400200
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (MNT Million) 2715087.30 2569367 2591524 2643294 2864417 2754790
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 1.05 1.04 1.06 1.06 1.06 1.06


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.