Markets Actual Q1 Q2 Q3 Q4 2022
Stock Market (points) 33704.12 33469 32834 32210 31596 30367
Currency 2820.00 2831 2841 2852 2863 2885

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -5.30 7.5 6.5 6.5 5.1 5.1
Unemployment Rate (%) 7.60 10 10 8.5 8.5 7.5
Inflation Rate (%) 2.40 1.5 4 4.5 4 4
Interest Rate (%) 6.00 6 6 6 6 7
Balance of Trade (USD Million) 314.00 35 31 31 350 350
Current Account (USD Million) -27.15 -200 -150 -150 -200 -200
Current Account to GDP (%) -12.30 -13 -13 -13 -13 -10
Government Debt to GDP (%) 55.00 82 82 82 82 82
Government Budget (% of GDP) -11.50 -11 -11 -11 -11 -5
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -5.30 7.5 6.5 6.5 5.1 5.1
GDP (USD Billion) 13.85 13.7 13.7 13.7 13.7 14
Gross Fixed Capital Formation (MNT Million) 1291506.60 1781048 1379193 1528110 1993432 1871881
GDP per capita (USD) 4350.20 4777 4777 4777 4777 4970
GDP per capita PPP (USD) 12309.80 12970 12970 12970 11996 12332
Gross National Product (MNT Million) 32738370.90 31919912 35193749 34866365 28248101 33547827
GDP Constant Prices (MNT Million) 5414950.20 5329672 3564157 4743452 6112420 5601486
GDP From Agriculture (MNT Million) 775072.00 586851 647041 641022 566778 616781
GDP From Construction (MNT Million) 132867.40 328479 362169 358800 315486 345231
GDP From Manufacturing (MNT Million) 328350.80 533913 588673 583197 547786 561143
GDP From Mining (MNT Million) 988358.60 1046738 1154096 1143360 1487973 1100122
GDP From Services (MNT Million) 1065468.10 934291 1030116 1020533 1046774 981940
GDP From Transport (MNT Million) 318445.70 550719 607203 601555 664861 578806
GDP From Utilities (MNT Million) 59317.96 106432 117349 116257 116072 111861

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.60 10 10 8.5 8.5 7.5
Unemployed Persons 92616.00 120000 120000 120000 120000 120000
Labor Force Participation Rate (%) 59.00 62.5 62.5 62.5 62.5 62.5
Population (Million) 3.24 3.42 3.42 3.42 3.42 3.48
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Employment Rate (%) 54.70 55.5 55.5 55.5 55.5 55.5
Wages (MNT Thousand/Month) 1269.10 1110 1110 1110 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1243.00 1250 1250 1250 1250 1250

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 2.40 1.5 4 4.5 4 4
Inflation Rate Mom (%) 1.00 0.5 0.5 0.5 0.5 0.5
Producer Prices (points) 144.60 161 158 124 185 185
Producer Prices Change (%) -2.80 10 9.5 9.5 9.5 8.5
Consumer Price Index CPI (points) 124.75 126 127 130 141 131
Food Inflation (%) 8.50 5.5 5.5 5.5 5.5 5.5

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 6.00 6 6 6 6 7
Interbank Rate (%) 7.17 8.95 8.95 8.95 8.79 8.95
Banks Balance Sheet (MNT Million) 36685492.14 39475786 39475786 39475786 41628653 44499143
Deposit Interest Rate (%) 8.40 10 10 10 10.96 10
Foreign Exchange Reserves (USD Million) 3869.90 4606 4606 4606 5022 5522
Central Bank Balance Sheet (MNT Million) 5516625.10 7510000 7510000 7510000 7510000 7510000
Money Supply M2 (MNT Million) 24220049.10 22333872 22333872 22333872 23287448 24558882

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 314.00 35 31 31 350 350
Current Account (USD Million) -27.15 -200 -150 -150 -200 -200
Current Account to GDP (%) -12.30 -13 -13 -13 -13 -10
Imports (USD Million) 458.80 515 515 515 522 522
Exports (USD Million) 639.90 546 546 546 557 557
Foreign Direct Investment (USD Million) 23802.30 25350 25350 25350 29017 29629
Gold Reserves (Tonnes) 8.16 3.3 3.3 3.3 3.3 3.3

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 55.00 82 82 82 82 82
Government Budget (% of GDP) -11.50 -11 -11 -11 -11 -5
Government Spending (MNT Million) 978001.90 792098 666402 833115 768333 832494
Government Budget Value (MNT Million) -3711095.10 -840000 -840000 -840000 -840000 -840000
Military Expenditure (USD Million) 90.00 90.4 90.4 90.4 90.4 90.4

Taxes Actual Q1 Q2 Q3 Q4 2022
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 23 23
Social Security Rate For Companies (%) 14.50 13 14.5 14.5 13 13
Social Security Rate For Employees (%) 11.50 10 11.5 11.5 10 10

Business Actual Q1 Q2 Q3 Q4 2022
Industrial Production (%) -9.60 11 7.5 4.5 5 5
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) 679.50 683 683 683 701 726
Changes In Inventories (MNT Million) -144379.30 302000 335000 335000 355000 355000
Mining Production (%) -7.60 12.4 12.4 12.4 12.4 12.4

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (MNT Million) 2915970.30 3099890 3154131 3298890 2849115 3257984


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.