Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 43470.41 41210 39363 37599 35916 32770
Currency 2820.00 2830 2844 2859 2873 2902

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 6.30 6.5 5.1 6.5 5.5 7.5
Unemployment Rate (%) 8.40 8.5 8.5 7.5 7.5 7.5
Inflation Rate (%) 8.90 5.9 6.7 4.5 4.5 4.5
Interest Rate (%) 6.00 6 6 6.25 6.5 7
Balance of Trade (USD Million) 249.40 31 35 35 35 35
Current Account (USD Million) -382.15 -150 -200 -200 -200 -200
Current Account to GDP (% of GDP) -12.30 -13 -13 -10 -10 -10
Government Debt to GDP (% of GDP) 66.00 82 82 82 82 82
Government Budget (% of GDP) -11.50 -11 -11 -5 -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 Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) 6.30 6.5 5.1 6.5 5.5 7.5
GDP (USD Billion) 13.14 13.7 13.7 13.7 13.7 14
Gross Fixed Capital Formation (MNT Million) 1402597.70 1944631 1993432 1493767 1479741 1459176
GDP per capita (USD) 4053.63 4777 4777 4777 4777 4970
GDP per capita PPP (USD) 11470.67 12970 12970 12970 11996 12332
Gross National Product (MNT Million) 33912487.90 34866365 28248101 36116800 35777675 38315177
GDP Constant Prices (MNT Million) 3830293.50 5275054 5691113 4079263 4040960 6117946
GDP From Agriculture (MNT Million) 143189.70 825452 566778 152497 151065 609714
GDP From Construction (MNT Million) 44252.30 141504 315486 47129 46686 356495
GDP From Manufacturing (MNT Million) 252631.70 349694 547786 269053 266526 691415
GDP From Mining (MNT Million) 861972.10 1052602 1487973 918000 909381 1468107
GDP From Services (MNT Million) 960722.80 1134724 1046774 1023170 1013563 994495
GDP From Transport (MNT Million) 177991.90 339145 664861 189561 187781 537461
GDP From Utilities (MNT Million) 117810.20 63174 116072 125468 124290 123767

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 8.40 8.5 8.5 7.5 7.5 7.5
Unemployed Persons 101278.00 120000 120000 120000 120000 120000
Labor Force Participation Rate (%) 56.80 62.5 62.5 62.5 62.5 62.5
Population (Million) 3.27 3.42 3.42 3.48 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 (%) 52.10 55.5 55.5 55.5 55.5 55.5
Wages (MNT Thousand/Month) 1314.90 1110 1110 1110 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1302.20 1250 1250 1250 1250 1250

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 8.90 5.9 6.7 4.5 4.5 4.5
Inflation Rate Mom (%) 0.40 0.5 0.5 0.5 0.5 0.5
Producer Prices (points) 164.10 142 185 145 173 172
Producer Prices Change (%) 27.50 9.5 9.5 5.5 5.5 8.5
Consumer Price Index CPI (points) 133.60 132 133 134 140 139
Food Inflation (%) 12.90 5.5 5.5 5.5 5.5 5.5

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 6.00 6 6 6.25 6.5 7
Interbank Rate (%) 6.04 6.04 6.04 6.29 6.54 7.04
Banks Balance Sheet (MNT Million) 39739621.09 39475786 41628653 42689312 42689312 44499143
Deposit Interest Rate (%) 6.70 6.7 6.7 6.95 7.2 7.7
Foreign Exchange Reserves (USD Million) 4576.70 4606 5022 5022 5022 5522
Central Bank Balance Sheet (MNT Million) 15653431.10 7510000 7510000 7510000 7510000 7510000
Money Supply M2 (MNT Million) 26917763.60 22333872 23287448 23287448 23287448 24558882

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 249.40 31 35 35 35 35
Current Account (USD Million) -382.15 -150 -200 -200 -200 -200
Current Account to GDP (% of GDP) -12.30 -13 -13 -10 -10 -10
Imports (USD Million) 635.80 515 522 522 522 522
Exports (USD Million) 885.20 546 557 557 557 557
Foreign Direct Investment (USD Million) 24205.70 25350 29017 29017 29017 29629
Gold Reserves (Tonnes) 13.16 3.3 3.3 3.3 3.3 3.3

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 66.00 82 82 82 82 82
Government Budget (% of GDP) -11.50 -11 -11 -5 -5 -5
Government Spending (MNT Million) 616331.80 711095 768333 656393 650230 1104971
Government Budget Value (MNT Million) -1069473.40 -840000 -840000 -840000 -840000 -840000
Military Expenditure (USD Million) 107.00 90.4 90.4 90.4 90.4 90.4

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

Business Actual Q3 Q4 Q1 Q2 2022
Industrial Production (%) 19.60 4.5 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) 464.50 683 701 701 701 726
Changes In Inventories (MNT Million) 95204.30 335000 355000 355000 355000 355000
Mining Production (%) -7.60 12.4 12.4 12.4 12.4 12.4

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (MNT Million) 2638839.70 3448847 2849115 2810364 2783976 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.