Markets Actual Q2 Q3 Q4 Q1 2020
Stock Market (points) 19988.97 20020 19795 19574 19354 18922
Currency 2646.00 2654 2663 2671 2680 2697
Overview Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 8.60 5.7 6.1 6.6 5.8 6.3
Unemployment Rate (%) 11.80 8.2 8.6 8.8 8.8 8.3
Inflation Rate (%) 7.90 7.9 8.1 8.4 8 7.4
Interest Rate (%) 11.00 11 11 11 11 9.5
Balance of Trade (USD Million) 202.60 120 63 205 205 220
Current Account (USD Million) -4.10 -80.9 -103 -120 -120 -95
Current Account to GDP (%) -14.60 -9.8 -9.8 -9.8 -12.9 -12.9
Government Debt to GDP (%) 66.00 83 83 83 80 80
Government Budget (% of GDP) -3.40 -5.4 -5.4 -5.4 -4 -4
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Corporate Tax Rate (%) 25.00 25 25 25 25 25
GDP Actual Q2 Q3 Q4 Q1 2020
GDP Annual Growth Rate (%) 8.60 5.7 6.1 6.6 5.8 6.3
GDP (USD Billion) 11.49 12.8 12.8 12.8 12.8 12.8
Gross Fixed Capital Formation (MNT Million) 1328669.50 1424410 1432305 1813204 1799597 1927436
GDP per capita (USD) 4071.09 4312 4312 4312 4459 4459
GDP per capita PPP (USD) 11840.80 12340 12340 12340 12970 12970
Gross National Product (MNT Million) 24103349.30 24790295 24838501 25694170 25501344 27312903
GDP Constant Prices (MNT Million) 3527558.70 4935158 4944174 5559792 5518067 5910059
GDP From Agriculture (MNT Million) 134404.00 1060507 715438 515535 511666 548014
GDP From Construction (MNT Million) 1242977.60 151113 120534 286963 284809 305042
GDP From Manufacturing (MNT Million) 193901.22 300802 327928 498260 494521 529651
GDP From Mining (MNT Million) 907175.16 845734 1084126 1353444 1343287 1438711
GDP From Services (MNT Million) 942127.17 915123 1051298 952134 944989 1012119
GDP From Transport (MNT Million) 241278.77 247916 328925 604750 600212 642849
GDP From Utilities (MNT Million) 103853.03 67833 59452 105578 104786 112230
Labour Actual Q2 Q3 Q4 Q1 2020
Unemployment Rate (%) 11.80 8.2 8.6 8.8 8.8 8.3
Unemployed Persons 153592.00 121200 119900 119000 119000 120000
Labor Force Participation Rate (%) 60.70 62.3 62.5 62.1 62.1 62.5
Population (Million) 3.24 3.25 3.25 3.24 3.3 3.3
Wages (MNT Thousand/Month) 1120.30 1055 1063 1080 1080 1110
Wages In Manufacturing (MNT Thousand/Month) 1183.80 1099 1083 1190 1190 1250
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Employment Rate (%) 53.50 55.3 55.7 56.1 56.1 55.5
Prices Actual Q2 Q3 Q4 Q1 2020
Inflation Rate (%) 7.90 7.9 8.1 8.4 8 7.4
Inflation Rate Mom (%) 1.40 0.8 0.9 0.7 0.7 0.5
Producer Prices (Index Points) 143.80 166 158 140 158 161
Producer Prices Change (%) 13.10 16.8 16.4 16.3 16.3 15
Consumer Price Index Cpi (Index Points) 107.90 122 121 125 117 133
Food Inflation (%) 8.30 10.2 8.6 7.3 7.3 5.5
Money Actual Q2 Q3 Q4 Q1 2020
Interest Rate (%) 11.00 11 11 11 11 9.5
Interbank Rate (%) 10.97 10.79 10.79 10.79 10.79 10.79
Banks Balance Sheet (MNT Million) 33516075.15 29900000 30600000 30880000 30880000 32000000
Deposit Interest Rate (%) 11.10 12 12 12 12 12
Money Supply M2 (MNT Million) 19699594.60 18250000 18300000 18500000 18500000 19400000
Foreign Exchange Reserves (USD Million) 3660.40 3390 3420 3490 3490 3600
Central Bank Balance Sheet (MNT Million) 8765448.00 7405000 7420000 7440000 7440000 7510000
Trade Actual Q2 Q3 Q4 Q1 2020
Balance of Trade (USD Million) 202.60 120 63 205 205 220
Current Account (USD Million) -4.10 -80.9 -103 -120 -120 -95
Current Account to GDP (%) -14.60 -9.8 -9.8 -9.8 -12.9 -12.9
Exports (USD Million) 751.38 705 619 538 685 546
Imports (USD Million) 548.81 585 556 509 455 515
Foreign Direct Investment (USD Million) 19955.50 19650 19900 20000 20000 20100
Gold Reserves (Tonnes) 15.80 3.4 3.2 3.3 3.3 3.3
Government Actual Q2 Q3 Q4 Q1 2020
Government Debt to GDP (%) 66.00 83 83 83 80 80
Government Budget (% of GDP) -3.40 -5.4 -5.4 -5.4 -4 -4
Government Spending (MNT Million) 547197.80 641341 515335 698867 693622 742896
Taxes Actual Q2 Q3 Q4 Q1 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 23 23 23 23 23
Social Security Rate For Companies (%) 14.50 13 13 13 13 13
Social Security Rate For Employees (%) 11.50 10 10 10 10 10
Business Actual Q2 Q3 Q4 Q1 2020
Industrial Production (%) 7.10 8.32 2.9 3.5 3.5 4.1
Manufacturing Production (%) 9.70 11.6 17.4 2.8 2.8 3.7
Mining Production (%) 5.90 -1.9 3.4 10.9 10.9 12.4
Industrial Production Mom (%) 2.90 1.7 1.9 2.2 2.2 1.1
Electricity Production (Gigawatt-hour) 531.60 366 397 575 575 583
Changes In Inventories (MNT Million) 444404.70 510000 424000 405000 405000 400200
Consumer Actual Q2 Q3 Q4 Q1 2020
Consumer Spending (MNT Million) 2291696.10 2453224 2496683 2591524 2572076 2754790
Housing Actual Q2 Q3 Q4 Q1 2020
Housing Index (Index Points) 1.05 1.04 1.05 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.