Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 33627.97 33080 32453 31836 31229 30015
Currency 2825.00 2836 2846 2857 2868 2890

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 15.70 6.5 6.5 5.1 6.5 7.5
Unemployment Rate (%) 7.60 10 8.5 8.5 7.5 7.5
Inflation Rate (%) 5.60 3.8 5.9 6.7 4.5 4.5
Interest Rate (%) 6.00 6 6 6 6.25 7
Balance of Trade (USD Million) 535.50 35 31 350 350 350
Current Account (USD Million) -82.21 -150 -150 -200 -200 -200
Current Account to GDP (% of GDP) -12.30 -13 -13 -13 -10 -10
Government Debt to GDP (% of GDP) 55.00 82 82 82 82 82
Government Budget (% of GDP) -11.50 -11 -11 -11 -5 -5
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) 15.70 6.5 6.5 5.1 6.5 7.5
GDP (USD Billion) 13.85 13.7 13.7 13.7 13.7 14
Gross Fixed Capital Formation (MNT Million) 1402597.70 1528110 1944631 1357373 1375455 1459176
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 34866365 34866365 34408028 34866365 36988630
GDP Constant Prices (MNT Million) 3830293.50 4743452 5275054 5691113 5766922 6117946
GDP From Agriculture (MNT Million) 143189.70 1306253 825452 814601 825452 875696
GDP From Construction (MNT Million) 44252.30 165723 141504 139644 141504 150117
GDP From Manufacturing (MNT Million) 252631.70 288873 349694 345097 349694 370979
GDP From Mining (MNT Million) 861972.10 696844 1052602 1038765 1052602 1116672
GDP From Services (MNT Million) 960722.80 996186 1134724 1119807 1134724 1203792
GDP From Transport (MNT Million) 177991.90 166891 339145 334686 339145 359788
GDP From Utilities (MNT Million) 117810.20 73282 63174 62343 63174 67019

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 7.60 10 8.5 8.5 7.5 7.5
Unemployed Persons 101161.00 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 3.48 3.48
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Employment Rate (%) 50.10 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 Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 5.60 3.8 5.9 6.7 4.5 4.5
Inflation Rate Mom (%) 2.40 0.5 0.5 0.5 0.5 0.5
Producer Prices (points) 137.50 124 140 185 158 172
Producer Prices Change (%) 9.00 9.5 9.5 9.5 5.5 8.5
Consumer Price Index CPI (points) 128.60 130 132 133 134 139
Food Inflation (%) 8.10 5.5 5.5 5.5 5.5 5.5

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 6.00 6 6 6 6.25 7
Interbank Rate (%) 6.06 6.06 6.06 6.06 6.31 6.81
Banks Balance Sheet (MNT Million) 38734218.08 39475786 39475786 41628653 42689312 44499143
Deposit Interest Rate (%) 6.90 6.9 6.9 6.9 7.15 7.65
Foreign Exchange Reserves (USD Million) 4534.20 4606 4606 5022 5022 5522
Central Bank Balance Sheet (MNT Million) 5516625.10 7510000 7510000 7510000 7510000 7510000
Money Supply M2 (MNT Million) 24220049.10 22333872 22333872 23287448 23287448 24558882

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 535.50 35 31 350 350 350
Current Account (USD Million) -82.21 -150 -150 -200 -200 -200
Current Account to GDP (% of GDP) -12.30 -13 -13 -13 -10 -10
Imports (USD Million) 1961.20 515 515 522 522 522
Exports (USD Million) 2496.70 546 546 557 557 557
Foreign Direct Investment (USD Million) 242057.00 25350 25350 29017 29017 29629
Gold Reserves (Tonnes) 10.62 3.3 3.3 3.3 3.3 3.3

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (% of GDP) 55.00 82 82 82 82 82
Government Budget (% of GDP) -11.50 -11 -11 -11 -5 -5
Government Spending (MNT Million) 616331.80 833115 711095 1027880 1041572 1104971
Government Budget Value (MNT Million) -490483.90 -840000 -840000 -840000 -840000 -840000
Military Expenditure (USD Million) 107.00 90.4 90.4 90.4 90.4 90.4

Taxes Actual Q2 Q3 Q4 Q1 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 (%) 28.00 23 26 23 23 23
Social Security Rate For Companies (%) 15.50 13 14.5 13 13 13
Social Security Rate For Employees (%) 12.50 10 11.5 10 10 10

Business Actual Q2 Q3 Q4 Q1 2022
Industrial Production (%) -9.60 7.5 4.5 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) 679.50 683 683 701 701 726
Changes In Inventories (MNT Million) 95204.30 335000 335000 355000 355000 355000
Mining Production (%) -7.60 12.4 12.4 12.4 12.4 12.4

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (MNT Million) 2638839.70 3298890 3448847 3064685 3105508 3294536


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.