Mongolia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.40 0.3 0.5 0.7 1.2 5.9 percent [+]
Unemployment Rate 8.60 11.2 11 10 10.2 8.7 percent [+]
Inflation Rate 3.30 3.2 4.7 5.2 5.5 4 percent [+]
Interest Rate 14.00 14 14 12 12 8 percent [+]
Balance of Trade 151.40 178 178 178 178 178 USD Million [+]
Government Debt to GDP 77.40 86 86 86 86 80 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 2461.00 2530 2560 2580 2610 2980 [+]
Stock Market 12597.92 12200 12100 12000 11800 9960 points [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 1.40 0.3 0.5 0.7 1.2 5.9 percent [+]
GDP Annual Growth Rate 1.00 -1.1 -0.7 0.1 0.6 5.9 percent [+]
GDP 11.74 12.29 12.18 12.07 11.96 12.89 USD Billion [+]
Gross Fixed Capital Formation 1164399.90 364000 364000 953205 1144945 1450000 MNT Million [+]
GDP per capita 3946.30 4016 4014 4012 4011 4865 USD [+]
GDP per capita PPP 11477.83 11800 11900 11900 12000 12700 USD [+]
Gross National Product 21048453.80 22842644 23360784 23878923 24397063 34732792 MNT Million [+]
Gdp Constant Prices 4636233.50 3090000 3090000 4183303 469000 5310000 MNT Million [+]
Gdp From Agriculture 444383.60 130000 130000 520096 423000 459000 MNT Million [+]
Gdp From Construction 187095.40 45200 45200 130031 183000 210000 MNT Million [+]
Gdp From Manufacturing 300016.10 140000 140000 233846 234467 308000 MNT Million [+]
Gdp From Mining 1299563.40 893000 893000 1084415 1540000 2490000 MNT Million [+]
Gdp From Services 751999.30 825000 825000 905573 718000 828000 MNT Million [+]
Gdp From Transport 487484.60 321192 306033 304651 304525 304513 MNT Million [+]
Gdp From Utilities 92365.20 69387 68289 68236 68234 68233 MNT Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 8.60 11.2 11 10 10.2 8.7 percent [+]
Unemployed Persons 107003.00 127255 126776 118830 114585 119936 [+]
Labor Force Participation Rate 60.40 60.33 60.41 60.88 60.55 60.57 percent [+]
Population 3.12 3.13 3.14 3.15 3.15 3.3 Million [+]
Employed Persons 1132843.00 1122299 1145456 1160388 1155451 1218831 [+]
Employment Rate 55.20 53.52 53.91 55.14 54.91 54.56 percent [+]
Wages 884.30 900 913 906 920 927 MNT Thousand/Month [+]
Wages In Manufacturing 934.50 938 982 999 1010 1250 MNT Thousand/Month [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 3.30 3.2 4.7 5.2 5.5 4 percent [+]
Producer Prices 152.10 150 149 149 149 149 Index Points [+]
Producer Prices Change 38.60 42.29 43.07 43.38 43.52 43.6 percent [+]
Inflation Rate Mom 1.10 0.47 0.02 0.27 0.31 0.27 percent [+]
Consumer Price Index Cpi 156.30 158 158 158 158 161 Index Points [+]
Food Inflation 6.10 10.34 11.91 12.2 12.25 12.26 percent [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 14.00 14 14 12 12 8 percent [+]
Banks Balance Sheet 25338363.60 26007480 26589230 27083256 27500191 29448296 MNT Million [+]
Deposit Interest Rate 13.00 12.21 12.6 12.98 13.36 13.57 percent [+]
Interbank Rate 15.57 15.61 15.58 15.61 15.61 15.61 percent [+]
Money Supply M1 2089379.20 1840936 1883579 1850640 1886779 1883747 MNT Million [+]
Money Supply M2 12075747.20 11974709 12206122 12408727 12586102 13580333 MNT Million [+]
Foreign Exchange Reserves 1296.30 1293 1294 1297 1690 2290 USD Million [+]
Central Bank Balance Sheet 3886676.80 3910540 4004797 4024774 4026883 4025993 MNT Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 151.40 178 178 178 178 178 USD Million [+]
Exports 428.50 455 469 465 466 466 USD Million [+]
Imports 277.20 289 289 290 290 290 USD Million [+]
Current Account 129.00 30.16 38.89 37.76 37.87 37.86 USD Million [+]
Current Account to GDP -4.80 -5 -5 0.99 -5 -7.5 percent [+]
Foreign Direct Investment 12738.40 9939 9082 7998 7014 -808 USD Million [+]
Capital Flows -208.40 125 14.01 16.75 52.03 19.14 USD Million [+]
Gold Reserves 1.30 1.49 1.22 1.48 1.12 1.27 Tonnes [+]
Remittances 3.24 5.66 5.96 5.75 5.63 5.48 USD Million [+]
Crude Oil Production 25.00 23.69 23.66 23.68 23.68 23.68 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 77.40 86 86 86 86 80 percent [+]
Government Budget -3.10 -4.31 -3.37 -2.44 -1.51 -2.77 percent of GDP [+]
Government Revenues 5059354.60 2622848 3063335 3287475 3124806 3147999 MNT Million [+]
Military Expenditure 103.00 111 112 113 114 116 USD Million [+]
Government Spending 614316.40 600000 600000 600171 624000 703000 MNT Million [+]
Government Budget Value -2677348.85 -2636037 -2633071 -2632770 -2632722 -2632723 MNT Million [+]
Fiscal Expenditure 7736703.40 3507639 4193386 4596461 4354110 4373381 MNT Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Industrial Production 18.10 -4.8 -4.8 16.07 -1.5 4.1 percent [+]
Manufacturing Production 17.80 -6.9 -6.9 -0.27 -3.5 3.7 percent [+]
Mining Production 20.20 2.3 2.3 19.04 5.8 12.4 percent [+]
Industrial Production Mom 1.90 2.8 2.8 3.94 0.5 1.1 percent [+]
Ease of Doing Business 64.00 66.29 66.5 66.71 66.92 68.89 [+]
Electricity Production 522.20 487 400 331 295 291 Gigawatt-hour [+]
Changes In Inventories 321874.90 239038 315981 387198 315094 304493 MNT Million [+]
Competitiveness Index 3.84 3.88 3.88 3.88 3.88 3.76 Points [+]
Competitiveness Rank 102.00 96.85 96.85 96.85 96.85 101 [+]
Corruption Index 38.00 38 37 37 37 33 Points [+]
Corruption Rank 87.00 73.32 72.15 70.98 69.81 70.1 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 2167824.00 1965386 2036811 2100286 2110570 1967548 MNT Million [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Housing Index -2.80 -1.32 -0.91 -0.96 -0.89 -0.85 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 10.00 10 10 10 10 10 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 [+]





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. 2/24/2017