Markets Actual Q3 Q4 Q1 Q2 2021
Stock Market (points) 16497.72 16149 15843 15542 15246 14653
Currency 2791.00 2801 2811 2822 2833 2854

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -10.70 3.5 5.4 5.1 6.5 5.1
Unemployment Rate (%) 8.10 9 9.3 10 10.2 10.5
Inflation Rate (%) 3.30 6 7.5 3.5 4 7
Interest Rate (%) 9.00 6.5 6.5 6.5 7 7.5
Balance of Trade (USD Million) 226.60 124 31 31 31 35
Current Account (USD Million) -205.02 -350 -350 -200 -150 -200
Current Account to GDP (%) -12.40 -12.5 -12.5 -10.5 -10.5 -10.5
Government Debt to GDP (%) 55.00 80 80 82 82 82
Government Budget (% of GDP) 1.30 -5.5 -5.5 -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 Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -10.70 3.5 5.4 5.1 6.5 5.1
GDP (USD Billion) 13.85 13.2 13.2 13.7 13.7 13.7
Gross Fixed Capital Formation (MNT Million) 1826715.70 1856065 1925358 1919878 1945452 2023552
GDP per capita (USD) 4197.80 4584 4584 4777 4777 4777
GDP per capita PPP (USD) 12209.20 12970 12970 12970 11996 12332
Gross National Product (MNT Million) 32738370.90 29598322 34506243 34408028 34866365 36266061
GDP Constant Prices (MNT Million) 5383314.90 5097802 5674014 5657864 5733230 5963389
GDP From Agriculture (MNT Million) 601898.60 728988 634401 632595 641022 666756
GDP From Construction (MNT Million) 336901.50 139958 355094 354083 358800 373204
GDP From Manufacturing (MNT Million) 547603.20 340130 577174 575531 583197 606610
GDP From Mining (MNT Million) 1073577.50 1061783 1131551 1128330 1143360 1189260
GDP From Services (MNT Million) 958247.20 1042060 1009993 1007118 1020533 1061502
GDP From Transport (MNT Million) 564840.20 377130 595342 593647 601555 625704
GDP From Utilities (MNT Million) 109161.50 62874 115056 114729 116257 120924

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 8.10 9 9.3 10 10.2 10.5
Unemployed Persons 105139.00 119000 120000 120000 120000 120000
Labor Force Participation Rate (%) 60.70 62.1 62.5 62.5 62.5 62.5
Population (Million) 3.24 3.36 3.36 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 56.1 55.5 55.5 55.5 55.5
Wages (MNT Thousand/Month) 1166.40 1080 1110 1110 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1195.70 1190 1250 1250 1250 1250

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 3.30 6 7.5 3.5 4 7
Inflation Rate Mom (%) 0.10 0.7 0.5 0.5 0.5 0.5
Producer Prices (points) 117.90 151 158 124 129 174
Producer Prices Change (%) -9.20 5.5 6.5 10 9.5 9.5
Consumer Price Index Cpi (points) 124.80 130 131 130 130 140
Food Inflation (%) 4.70 7.3 5.5 5.5 5.5 5.5

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 9.00 6.5 6.5 6.5 7 7.5
Interbank Rate (%) 10.84 8.34 8.34 8.34 8.84 8.84
Banks Balance Sheet (MNT Million) 34689860.97 38040541 38758163 39475786 39475786 41628653
Deposit Interest Rate (%) 10.50 8 8 8 8.5 8.5
Foreign Exchange Reserves (USD Million) 3844.20 4357 4482 4606 4606 5022
Central Bank Balance Sheet (MNT Million) 3525393.47 7440000 7510000 7510000 7510000 7510000
Money Supply M2 (MNT Million) 20231822.80 21698154 22016013 22333872 22333872 23287448

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 226.60 124 31 31 31 35
Current Account (USD Million) -205.02 -350 -350 -200 -150 -200
Current Account to GDP (%) -12.40 -12.5 -12.5 -10.5 -10.5 -10.5
Imports (USD Million) 406.10 591 515 515 515 522
Exports (USD Million) 632.70 715 546 546 546 557
Foreign Direct Investment (USD Million) 22311.90 24128 24739 25350 25350 29017
Gold Reserves (Tonnes) 23.40 3.3 3.3 3.3 3.3 3.3

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 55.00 80 80 82 82 82
Government Budget (% of GDP) 1.30 -5.5 -5.5 -3.5 -3.5 -3.5
Government Spending (MNT Million) 812407.70 538382 856278 853840 865214 899948
Government Budget Value (MNT Million) -643487.50 -900000 -840000 -840000 -840000 -840000
Military Expenditure (USD Million) 90.00 90.4 90.4 90.4 90.4 90.4

Taxes Actual Q3 Q4 Q1 Q2 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 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 Q3 Q4 Q1 Q2 2021
Industrial Production (%) -25.30 4.1 4.1 4.1 4.1 4.1
Manufacturing Production (%) -15.90 2.8 3.7 3.7 3.7 3.7
Industrial Production Mom (%) 2.60 2.2 1.1 1.1 1.1 1.1
Electricity Production (Gigawatt-hour) 483.90 600 676 683 683 701
Changes In Inventories (MNT Million) 66252.90 22300 33700 302000 335000 355000
Mining Production (%) -29.80 10.9 12.4 12.4 12.4 12.4

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (MNT Million) 3179374.20 3134300 3351060 3341522 3386034 3521964

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