Markets Actual Q4 Q1 Q2 Q3 2021
Stock Market (points) 17585.31 17251 16924 16602 16285 15652
Currency 2805.00 2811 2821 2832 2843 2865

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -7.30 5.5 7.5 6.5 6.5 5.1
Unemployment Rate (%) 8.10 9.3 10 10.2 10.2 10.5
Inflation Rate (%) 2.40 2.5 1.5 4 4.5 4
Interest Rate (%) 6.00 7.5 7 7 7 7
Balance of Trade (USD Million) 193.00 35 31 31 31 220
Current Account (USD Million) 19.06 -350 -200 -150 -150 -200
Current Account to GDP (%) -12.40 -12.5 -10.5 -10.5 -10.5 -10.5
Government Debt to GDP (%) 55.00 80 82 82 82 82
Government Budget (% of GDP) 1.30 -5.5 -3.5 -3.5 -3.5 -3.5
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -7.30 5.5 7.5 6.5 6.5 5.1
GDP (USD Billion) 13.85 13.2 13.7 13.7 13.7 13.7
Gross Fixed Capital Formation (MNT Million) 1825944.80 1927185 1379193 1528110 1944631 2025472
GDP per capita (USD) 4350.20 4584 4777 4777 4777 4777
GDP per capita PPP (USD) 12309.80 12970 12970 12970 11996 12332
Gross National Product (MNT Million) 32738370.90 34538981 35193749 34866365 34866365 36300469
GDP Constant Prices (MNT Million) 4953102.50 5766979 3564157 4743452 5275054 6061095
GDP From Agriculture (MNT Million) 601898.60 635003 647041 641022 641022 667388
GDP From Construction (MNT Million) 336901.50 355431 362169 358800 358800 373558
GDP From Manufacturing (MNT Million) 547603.20 577721 588673 583197 583197 607185
GDP From Mining (MNT Million) 1073577.50 1132624 1154096 1143360 1143360 1190388
GDP From Services (MNT Million) 958247.20 1010951 1030116 1020533 1020533 1062509
GDP From Transport (MNT Million) 564840.20 595906 607203 601555 601555 626298
GDP From Utilities (MNT Million) 109161.50 115165 117349 116257 116257 121039

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 8.10 9.3 10 10.2 10.2 10.5
Unemployed Persons 105139.00 120000 120000 120000 120000 120000
Labor Force Participation Rate (%) 59.80 62.5 62.5 62.5 62.5 62.5
Population (Million) 3.24 3.36 3.42 3.42 3.42 3.42
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Employment Rate (%) 55.70 55.5 55.5 55.5 55.5 55.5
Wages (MNT Thousand/Month) 1166.40 1110 1110 1110 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1195.70 1250 1250 1250 1250 1250

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 2.40 2.5 1.5 4 4.5 4
Inflation Rate Mom (%) 0.40 0.5 0.5 0.5 0.5 0.5
Producer Prices (points) 130.00 161 158 124 129 185
Producer Prices Change (%) -9.00 6.5 10 9.5 9.5 9.5
Consumer Price Index CPI (points) 124.30 125 127 130 130 130
Food Inflation (%) 2.40 5.5 5.5 5.5 5.5 5.5

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 6.00 7.5 7 7 7 7
Interbank Rate (%) 8.95 10.79 9.34 8.84 8.84 8.79
Banks Balance Sheet (MNT Million) 34689860.97 38758163 39475786 39475786 39475786 41628653
Deposit Interest Rate (%) 10.00 12.96 9 8.5 8.5 10.96
Foreign Exchange Reserves (USD Million) 3652.00 4482 4606 4606 4606 5022
Central Bank Balance Sheet (MNT Million) 3525393.47 7510000 7510000 7510000 7510000 7510000
Money Supply M2 (MNT Million) 20231822.80 22016013 22333872 22333872 22333872 23287448

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 193.00 35 31 31 31 220
Current Account (USD Million) 19.06 -350 -200 -150 -150 -200
Current Account to GDP (%) -12.40 -12.5 -10.5 -10.5 -10.5 -10.5
Imports (USD Million) 474.90 515 515 515 515 522
Exports (USD Million) 668.20 546 546 546 546 557
Foreign Direct Investment (USD Million) 22311.90 24739 25350 25350 25350 29017
Gold Reserves (Tonnes) 17.70 3.3 3.3 3.3 3.3 3.3

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 55.00 80 82 82 82 82
Government Budget (% of GDP) 1.30 -5.5 -3.5 -3.5 -3.5 -3.5
Government Spending (MNT Million) 667695.10 857090 666402 833115 711095 900802
Government Budget Value (MNT Million) -643487.50 -840000 -840000 -840000 -840000 -840000
Military Expenditure (USD Million) 90.00 90.4 90.4 90.4 90.4 90.4

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 26.00 23 26 26 26 23
Social Security Rate For Companies (%) 14.50 13 14.5 14.5 14.5 13
Social Security Rate For Employees (%) 11.50 10 11.5 11.5 11.5 10

Business Actual Q4 Q1 Q2 Q3 2021
Industrial Production (%) -9.60 4.1 4.1 4.1 4.1 4.1
Manufacturing Production (%) 0.60 3.7 3.7 3.7 3.7 3.7
Industrial Production Mom (%) 9.10 1.1 1.1 1.1 1.1 1.1
Electricity Production (Gigawatt-hour) 483.90 676 683 683 683 701
Changes In Inventories (MNT Million) -778502.50 33700 302000 335000 335000 355000
Mining Production (%) -7.60 12.4 12.4 12.4 12.4 12.4

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (MNT Million) 3238353.90 3354240 3154131 3298890 3448847 3525306

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 1.09 1.11 1.12 1.12 1.12 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.