Markets Actual Q3 Q4 Q1 Q2 2020
Stock Market (points) 19548.91 20116 19897 19681 19466 19043
Currency 2658.00 2663 2672 2681 2690 2709
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 7.30 6.1 6.6 5.8 5.5 6.3
Unemployment Rate (%) 10.10 8.6 8.8 8.8 8.8 8.3
Inflation Rate (%) 7.40 8.1 8.4 8 7.6 7.4
Interest Rate (%) 11.00 11 11 11 9.5 9.5
Balance of Trade (USD Million) 19.10 63 205 205 205 220
Current Account (USD Million) -239.50 -103 -120 -120 -120 -95
Current Account to GDP (%) -14.60 -9.8 -9.8 -12.9 -12.9 -12.9
Government Debt to GDP (%) 66.00 83 83 80 80 80
Government Budget (% of GDP) -3.40 -5.4 -5.4 -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 Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 7.30 6.1 6.6 5.8 5.5 6.3
GDP (USD Billion) 13.01 13.5 13.5 15 15 15
Gross Fixed Capital Formation (MNT Million) 1689312.10 1432305 1808102 1799597 1799597 1898507
GDP per capita (USD) 4197.80 4312 4312 4459 4459 4459
GDP per capita PPP (USD) 12209.20 12340 12340 12970 12970 12970
Gross National Product (MNT Million) 28564174.70 24838501 25621860 25501344 25501344 26902953
GDP Constant Prices (MNT Million) 5123997.30 4944174 5544145 5518067 5518067 5821352
GDP From Agriculture (MNT Million) 1083025.10 715438 514084 511666 511666 539788
GDP From Construction (MNT Million) 168876.20 120534 286155 284809 284809 300463
GDP From Manufacturing (MNT Million) 288823.50 327928 496858 494521 494521 521701
GDP From Mining (MNT Million) 922760.90 1084126 1349635 1343287 1343287 1417117
GDP From Services (MNT Million) 950824.90 1051298 949455 944989 944989 996927
GDP From Transport (MNT Million) 239299.00 328925 603048 600212 600212 633201
GDP From Utilities (MNT Million) 71444.00 59452 105281 104786 104786 110545
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 10.10 8.6 8.8 8.8 8.8 8.3
Unemployed Persons 131100.00 119900 119000 119000 119000 120000
Labor Force Participation Rate (%) 60.80 62.5 62.1 62.1 62.1 62.5
Population (Million) 3.24 3.25 3.24 3.3 3.3 3.3
Wages (MNT Thousand/Month) 1157.90 1063 1080 1080 1080 1110
Wages In Manufacturing (MNT Thousand/Month) 1196.80 1083 1190 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 (%) 54.60 55.7 56.1 56.1 56.1 55.5
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 7.40 8.1 8.4 8 7.6 7.4
Inflation Rate Mom (%) -0.20 0.9 0.7 0.7 0.7 0.5
Producer Prices (Index Points) 137.50 158 140 158 154 161
Producer Prices Change (%) -3.10 6.5 9 12.5 12.5 15
Consumer Price Index Cpi (Index Points) 121.50 121 126 118 116 135
Food Inflation (%) 9.50 8.6 7.3 7.3 7.3 5.5
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 11.00 11 11 11 9.5 9.5
Interbank Rate (%) 11.05 10.97 10.97 10.97 9.47 9.47
Banks Balance Sheet (MNT Million) 34254187.25 30600000 30880000 30880000 30880000 32000000
Deposit Interest Rate (%) 11.10 11.1 11.1 11.1 9.6 9.6
Money Supply M2 (MNT Million) 20229409.50 18300000 18500000 18500000 18500000 19400000
Foreign Exchange Reserves (USD Million) 4101.40 3420 3490 3490 3490 3600
Central Bank Balance Sheet (MNT Million) 8765448.00 7420000 7440000 7440000 7440000 7510000
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (USD Million) 19.10 63 205 205 205 220
Current Account (USD Million) -239.50 -103 -120 -120 -120 -95
Current Account to GDP (%) -14.60 -9.8 -9.8 -12.9 -12.9 -12.9
Exports (USD Million) 632.49 619 538 685 715 546
Imports (USD Million) 613.43 556 509 455 591 515
Foreign Direct Investment (USD Million) 21183.60 19900 20000 20000 20000 20100
Gold Reserves (Tonnes) 15.80 3.2 3.3 3.3 3.3 3.3
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 66.00 83 83 80 80 80
Government Budget (% of GDP) -3.40 -5.4 -5.4 -4 -4 -4
Government Spending (MNT Million) 739948.60 515335 696900 693622 693622 731745
Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2020
Industrial Production (%) 4.10 6.3 3.5 3.5 3.5 4.1
Manufacturing Production (%) -7.30 17.4 2.8 2.8 2.8 3.7
Mining Production (%) 6.90 3.4 10.9 10.9 10.9 12.4
Industrial Production Mom (%) 11.70 1.9 2.2 2.2 2.2 1.1
Electricity Production (Gigawatt-hour) 402.70 397 575 575 575 583
Changes In Inventories (MNT Million) 573326.60 424000 405000 405000 405000 400200
Consumer Actual Q3 Q4 Q1 Q2 2020
Consumer Spending (MNT Million) 2715087.30 2496683 2584231 2572076 2572076 2713442
Housing Actual Q3 Q4 Q1 Q2 2020
Housing Index (Index Points) 1.05 1.04 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.