Mongolia | Economic Forecasts | 2017-2020 Outlook

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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.00 0.5 0.7 1.2 2.31 5.9 percent [+]
Unemployment Rate 8.60 11 10 10.2 9.19 8.7 percent [+]
Inflation Rate 2.50 4.7 5.2 5.5 5.9 4 percent [+]
Interest Rate 14.00 14 12 12 12 8 percent [+]
Balance of Trade 189.40 185 184 184 184 184 USD Million [+]
Government Debt to GDP 77.40 86 86 86 80.99 80 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Stock Market 13101.38 12300 12200 11800 12000 9960 points [+]
Currency 2414.00 2460 2480 2560 2530 2920 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 1.00 0.5 0.7 1.2 2.31 5.9 percent [+]
GDP Annual Growth Rate 1.00 -0.7 0.1 0.6 3.1 5.9 percent [+]
GDP 11.74 12.16 12.04 11.92 12.02 12.83 USD Billion [+]
Gross Fixed Capital Formation 1164399.90 364000 953205 1144945 877572 1450000 MNT Million [+]
GDP per capita 3946.30 3998 3967 3936 3942 3983 USD [+]
GDP per capita PPP 11477.83 11641 11555 11469 11496 11723 USD [+]
Gross National Product 21048453.80 21908916 21819517 21730117 21761102 22368336 MNT Million [+]
Gdp Constant Prices 4636233.50 3090000 4183303 469000 4183899 5310000 MNT Million [+]
Gdp From Agriculture 444383.60 130000 520096 423000 519522 459000 MNT Million [+]
Gdp From Construction 187095.40 45200 130031 183000 92689 210000 MNT Million [+]
Gdp From Manufacturing 300016.10 140000 233846 234467 234343 308000 MNT Million [+]
Gdp From Mining 1299563.40 893000 1084415 1540000 1083677 2490000 MNT Million [+]
Gdp From Services 751999.30 825000 905573 718000 891711 828000 MNT Million [+]
Gdp From Transport 487484.60 306033 304651 304525 304514 304513 MNT Million [+]
Gdp From Utilities 92365.20 68289 68236 68234 68233 68233 MNT Million [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 8.60 11 10 10.2 9.19 8.7 percent [+]
Unemployed Persons 107003.00 126776 118830 114585 122744 119936 [+]
Labor Force Participation Rate 60.40 60.41 60.88 60.55 60.49 60.57 percent [+]
Population 3.12 3.14 3.15 3.15 3.17 3.3 Million [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Employed Persons 1132843.00 1145456 1160388 1155451 1149941 1218831 [+]
Employment Rate 55.20 53.91 55.14 54.91 53.92 54.56 percent [+]
Wages 884.30 913 906 920 912 927 MNT Thousand/Month [+]
Wages In Manufacturing 934.50 982 999 1010 1038 1250 MNT Thousand/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.50 4.7 5.2 5.5 5.9 4 percent [+]
Producer Prices 188.10 194 194 192 192 192 Index Points [+]
Producer Prices Change 70.90 113 138 157 174 252 percent [+]
Inflation Rate Mom 0.90 0.14 0.27 0.37 0.31 0.32 percent [+]
Consumer Price Index Cpi 159.30 160 161 162 163 169 Index Points [+]
Food Inflation 2.70 3.93 4.12 4.15 4.16 4.16 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 14.00 14 12 12 12 8 percent [+]
Banks Balance Sheet 24927057.80 25644280 25884737 26088579 26256654 26949162 MNT Million [+]
Deposit Interest Rate 13.30 13.46 13.5 13.55 13.53 13.45 percent [+]
Money Supply M1 2145022.30 2187714 2123519 2179103 2121665 2174467 MNT Million [+]
Money Supply M2 12257201.80 12685061 12990564 13261371 13501346 14874978 MNT Million [+]
Interbank Rate 15.66 15.87 15.88 15.87 15.87 15.87 percent [+]
Foreign Exchange Reserves 1116.90 1103 1106 1690 1107 2290 USD Million [+]
Central Bank Balance Sheet 3552489.90 3536722 3555652 3559488 3559880 3559677 MNT Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 189.40 185 184 184 184 184 USD Million [+]
Exports 474.60 468 465 465 465 465 USD Million [+]
Imports 285.20 284 285 285 285 285 USD Million [+]
Current Account 55.80 27.82 25.89 26.24 26.17 26.18 USD Million [+]
Current Account to GDP -4.80 -5 0.99 -5 3.73 -7.5 percent [+]
Foreign Direct Investment 12980.40 12258 11932 11627 11341 9194 USD Million [+]
Capital Flows 115.50 59.97 46.64 55.2 55.32 56.2 USD Million [+]
Gold Reserves 1.74 1.43 1.74 1.51 1.86 1.6 Tonnes [+]
Remittances 9.40 8.35 8.29 8.27 8.28 8.28 USD Million [+]
Crude Oil Production 23.00 22.99 22.99 22.99 22.99 22.99 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 77.40 86 86 86 80.99 80 percent [+]
Government Budget -3.10 -3.37 -2.44 -1.51 -1.61 -2.77 percent of GDP [+]
Government Revenues 1034046.20 3341954 3143301 2673577 2892160 2882091 MNT Million [+]
Military Expenditure 103.00 111 112 113 114 116 USD Million [+]
Government Spending 614316.40 600000 600171 624000 577618 703000 MNT Million [+]
Government Budget Value -211726.10 -820035 -1124022 -1164379 -1172788 -1135883 MNT Million [+]
Fiscal Expenditure 1175083.20 4555122 4415880 3625747 3946773 3947645 MNT Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Industrial Production 17.10 -4.8 19.25 -1.5 19.8 4.1 percent [+]
Manufacturing Production 23.70 -6.9 14.88 -3.5 12.66 3.7 percent [+]
Mining Production 17.80 2.3 21.56 5.8 22.91 12.4 percent [+]
Industrial Production Mom -0.20 2.8 1.65 0.5 0.3 1.1 percent [+]
Ease of Doing Business 64.00 68 68 68 72 76 [+]
Electricity Production 525.10 406 335 297 283 291 Gigawatt-hour [+]
Changes In Inventories 321874.90 315981 387198 315094 286583 304493 MNT Million [+]
Competitiveness Index 3.84 3.85 3.85 3.85 3.76 3.79 Points [+]
Competitiveness Rank 102.00 96 96 96 110 110 [+]
Corruption Index 38.00 37 37 37 36 33 Points [+]
Corruption Rank 87.00 78 82 85 86 90 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 2167824.00 2036811 2100286 2110570 1966326 1967548 MNT Million [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Housing Index 1.01 1 1 1.01 1.01 1.01 Index Points [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Income Tax Rate 10.00 10 10 10 10 10 percent [+]
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 23.00 23 23 23 23 23 percent [+]
Social Security Rate For Companies 13.00 13 13 13 13 13 percent [+]
Social Security Rate For Employees 10.00 10 10 10 10 10 percent [+]