Markets Actual Q4 Q1 Q2 Q3 2021
Stock Market (points) 17529.00 17073 16749 16431 16118 15491
Currency 2800.00 2786 2796 2807 2817 2839

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -9.70 5.4 5.1 6.5 6.5 5.1
Unemployment Rate (%) 8.10 9.3 10 10.2 10.2 10.5
Inflation Rate (%) 1.70 5.5 3.5 4 4.5 4
Interest Rate (%) 9.00 7.5 7 7 7 7
Balance of Trade (USD Million) 193.00 35 35 31 31 220
Current Account (USD Million) -86.81 -350 -200 -150 -150 -200
Current Account to GDP (%) -12.40 -12.5 -10.5 -10.5 -10.5 -10.5
Government Debt to GDP (%) 55.00 80 82 82 82 82
Government Budget (% of GDP) 1.30 -5.5 -3.5 -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 Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -9.70 5.4 5.1 6.5 6.5 5.1
GDP (USD Billion) 13.85 13.2 13.7 13.7 13.7 13.7
Gross Fixed Capital Formation (MNT Million) 1434845.00 1898507 1925358 1919878 1945452 1993432
GDP per capita (USD) 4350.20 4584 4777 4777 4777 4777
GDP per capita PPP (USD) 12309.80 12970 12970 12970 11996 12332
Gross National Product (MNT Million) 32738370.90 26902953 34506243 34408028 34866365 28248101
GDP Constant Prices (MNT Million) 4453946.00 5821352 5674014 5657864 5733230 6112420
GDP From Agriculture (MNT Million) 601898.60 539788 634401 632595 641022 566778
GDP From Construction (MNT Million) 336901.50 300463 355094 354083 358800 315486
GDP From Manufacturing (MNT Million) 547603.20 521701 577174 575531 583197 547786
GDP From Mining (MNT Million) 1073577.50 1417117 1131551 1128330 1143360 1487973
GDP From Services (MNT Million) 958247.20 996927 1009993 1007118 1020533 1046774
GDP From Transport (MNT Million) 564840.20 633201 595342 593647 601555 664861
GDP From Utilities (MNT Million) 109161.50 110545 115056 114729 116257 116072

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 8.10 9.3 10 10.2 10.2 10.5
Unemployed Persons 105139.00 120000 120000 120000 120000 120000
Labor Force Participation Rate (%) 60.70 62.5 62.5 62.5 62.5 62.5
Population (Million) 3.24 3.36 3.42 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 55.5 55.5 55.5 55.5 55.5
Wages (MNT Thousand/Month) 1166.40 1110 1110 1110 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1195.70 1250 1250 1250 1250 1250

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1.70 5.5 3.5 4 4.5 4
Inflation Rate Mom (%) -0.30 0.5 0.5 0.5 0.5 0.5
Producer Prices (points) 130.00 161 158 124 129 185
Producer Prices Change (%) -9.00 6.5 10 9.5 9.5 9.5
Consumer Price Index CPI (points) 124.30 129 130 130 132 134
Food Inflation (%) 2.40 5.5 5.5 5.5 5.5 5.5

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 9.00 7.5 7 7 7 7
Interbank Rate (%) 8.95 10.79 9.34 8.84 8.84 8.79
Banks Balance Sheet (MNT Million) 34689860.97 38758163 39475786 39475786 39475786 41628653
Deposit Interest Rate (%) 10.00 12.96 9 8.5 8.5 10.96
Foreign Exchange Reserves (USD Million) 3844.20 4482 4606 4606 4606 5022
Central Bank Balance Sheet (MNT Million) 3525393.47 7510000 7510000 7510000 7510000 7510000
Money Supply M2 (MNT Million) 20231822.80 22016013 22333872 22333872 22333872 23287448

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 193.00 35 35 31 31 220
Current Account (USD Million) -86.81 -350 -200 -150 -150 -200
Current Account to GDP (%) -12.40 -12.5 -10.5 -10.5 -10.5 -10.5
Imports (USD Million) 474.90 515 515 515 515 522
Exports (USD Million) 668.20 546 546 546 546 557
Foreign Direct Investment (USD Million) 22311.90 24739 25350 25350 25350 29017
Gold Reserves (Tonnes) 17.70 3.3 3.3 3.3 3.3 3.3

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 55.00 80 82 82 82 82
Government Budget (% of GDP) 1.30 -5.5 -3.5 -3.5 -3.5 -3.5
Government Spending (MNT Million) 782267.20 731745 856278 853840 865214 768333
Government Budget Value (MNT Million) -643487.50 -840000 -840000 -840000 -840000 -840000
Military Expenditure (USD Million) 90.00 90.4 90.4 90.4 90.4 90.4

Taxes Actual Q4 Q1 Q2 Q3 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 23 26 26 26 23
Social Security Rate For Companies (%) 14.50 13 14.5 14.5 14.5 13
Social Security Rate For Employees (%) 11.50 10 11.5 11.5 11.5 10

Business Actual Q4 Q1 Q2 Q3 2021
Industrial Production (%) -9.60 4.1 4.1 4.1 4.1 4.1
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) 483.90 676 683 683 683 701
Changes In Inventories (MNT Million) 27957.30 33700 302000 335000 335000 355000
Mining Production (%) -7.60 12.4 12.4 12.4 12.4 12.4

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (MNT Million) 3097549.00 2713442 3351060 3341522 3386034 2849115

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 1.09 1.11 1.12 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.