Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 18952.24 19328 19147 18967 18788 18436
Currency 2722.00 2705 2714 2724 2734 2754
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.30 5.8 5.5 5.9 6.3 6.3
Unemployment Rate (%) 9.90 8.5 8.1 8.1 8.1 7.3
Inflation Rate (%) 5.20 4 5 6 7.5 7
Interest Rate (%) 11.00 11 11 11 11 10
Balance of Trade (USD Million) 20.50 205 124 124 35 220
Current Account (USD Million) -214.81 -120 -120 -120 -95 -95
Current Account to GDP (%) -14.60 -12.5 -12.5 -12.5 -12.5 -11.1
Government Debt to GDP (%) 66.00 80 80 80 80 78
Government Budget (% of GDP) -3.40 -1 -1 -1 -1 -2.4
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Corporate Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 6.30 5.8 5.5 5.9 6.3 6.3
GDP (USD Billion) 13.01 14.6 14.6 14.6 14.6 15.3
Gross Fixed Capital Formation (MNT Million) 1689312.10 1367201 1735768 1739147 1795739 1908870
GDP per capita (USD) 4197.80 4584 4584 4584 4584 4777
GDP per capita PPP (USD) 12209.20 12970 12970 12970 12970 12970
Gross National Product (MNT Million) 28564174.70 29392536 29349690 29406818 30363718 32276632
GDP Constant Prices (MNT Million) 5123997.30 3627417 5264907 5275155 5446809 5789958
GDP From Agriculture (MNT Million) 1083025.10 138302 1112808 1114974 1151256 1223785
GDP From Construction (MNT Million) 168876.20 42248 173520 173858 179515 190825
GDP From Manufacturing (MNT Million) 288823.50 198995 296766 297344 307019 326362
GDP From Mining (MNT Million) 922760.90 936158 948137 949982 980895 1042691
GDP From Services (MNT Million) 950824.90 962099 976973 978874 1010727 1074403
GDP From Transport (MNT Million) 239299.00 249352 245880 246358 254375 270400
GDP From Utilities (MNT Million) 71444.00 106894 73409 73552 75945 80730
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 9.90 8.5 8.1 8.1 8.1 7.3
Unemployed Persons 126582.00 119000 119000 119000 120000 120000
Labor Force Participation Rate (%) 60.10 62.1 62.1 62.1 62.5 62.5
Population (Million) 3.24 3.36 3.36 3.36 3.36 3.42
Wages (MNT Thousand/Month) 1161.20 1080 1080 1080 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1187.40 1190 1190 1190 1250 1250
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Employment Rate (%) 54.20 56.1 56.1 56.1 55.5 55.5
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 5.20 4 5 6 7.5 7
Inflation Rate Mom (%) 0.60 0.7 0.7 0.7 0.5 0.5
Producer Prices (points) 136.10 154 152 161 157 180
Producer Prices Change (%) -2.50 12.5 12.5 12.5 15 15
Consumer Price Index Cpi (points) 122.00 123 128 130 131 140
Food Inflation (%) 8.30 7.3 7.3 7.3 5.5 5.5
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 11.00 11 11 11 11 10
Interbank Rate (%) 11.11 11.11 11.11 11.11 11.11 11.11
Banks Balance Sheet (MNT Million) 34953489.28 30880000 30880000 30880000 32000000 32000000
Deposit Interest Rate (%) 11.10 11.1 11.1 11.1 11.1 11.1
Money Supply M2 (MNT Million) 20432872.80 18500000 18500000 18500000 19400000 19400000
Foreign Exchange Reserves (USD Million) 3985.60 3490 3490 3490 3600 3600
Central Bank Balance Sheet (MNT Million) 8765448.00 7440000 7440000 7440000 7510000 7510000
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (USD Million) 20.50 205 124 124 35 220
Current Account (USD Million) -214.81 -120 -120 -120 -95 -95
Current Account to GDP (%) -14.60 -12.5 -12.5 -12.5 -12.5 -11.1
Exports (USD Million) 564.20 685 715 715 546 557
Imports (USD Million) 543.60 455 591 591 515 522
Foreign Direct Investment (USD Million) 21183.60 20000 20000 20000 20100 20100
Gold Reserves (Tonnes) 17.92 3.3 3.3 3.3 3.3 3.3
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 66.00 80 80 80 80 78
Government Budget (% of GDP) -3.40 -1 -1 -1 -1 -2.4
Military Expenditure (USD Million) 90.00 90.4 90.4 90.4 90.4 90.4
Government Spending (MNT Million) 739948.60 563067 760297 761777 786565 836119
Government Budget Value (MNT Million) 484636.40 -900000 -900000 -900000 -840000 -840000
Taxes Actual Q1 Q2 Q3 Q4 2020
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Corporate Tax Rate (%) 25.00 25 25 25 25 25
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 Q1 Q2 Q3 Q4 2020
Industrial Production (%) -21.10 -5 3.5 4.1 4.1 4.1
Manufacturing Production (%) 0.30 2.8 2.8 2.8 3.7 3.7
Mining Production (%) -29.30 10.9 10.9 10.9 12.4 12.4
Industrial Production Mom (%) -15.10 2.2 2.2 2.2 1.1 1.1
Electricity Production (Gigawatt-hour) 464.90 575 575 575 583 583
Changes In Inventories (MNT Million) 573326.60 405000 405000 405000 400200 400200
Consumer Actual Q1 Q2 Q3 Q4 2020
Consumer Spending (MNT Million) 2715087.30 2570841 2789752 2795182 2886138 3067964
Housing Actual Q1 Q2 Q3 Q4 2020
Housing Index (points) 1.04 1.06 1.06 1.06 1.06 1.06


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.