Mongolia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.40 -0.1 0.3 0.5 0.7 5.9 percent [+]
Unemployment Rate 9.40 10.5 11.2 11 10 8.7 percent [+]
Inflation Rate -0.10 0.7 3.2 4.7 5.2 4 percent [+]
Interest Rate 15.00 15 15 15 12 8 percent [+]
Balance of Trade 72.90 77.57 75.42 76.24 76.28 76.31 USD Million [+]
Government Debt to GDP 77.40 81 86 86 86 80 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 2473.16 2424 2448 2472 2496 2880 [+]
Stock Market 11239.77 10900 10800 10600 10500 8780 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Growth Rate 1.40 -0.1 0.3 0.5 0.7 5.9 percent [+]
GDP Annual Growth Rate -1.60 -1.8 -1.1 -0.7 0.1 5.9 percent [+]
GDP 11.76 11.96 12.06 12.16 12.25 12.89 USD Billion [+]
Gross Fixed Capital Formation 817473.50 989000 364000 364000 731200 1450000 MNT Million [+]
GDP per capita 3943.90 4011 4053 4096 4139 4865 USD [+]
GDP per capita PPP 11470.90 11800 11900 11900 12000 12700 USD [+]
Gross National Product 21048453.80 24397063 24961564 25526064 26090565 34732792 MNT Million [+]
Gdp Constant Prices 4342597.00 4620000 3090000 3090000 4005157 5310000 MNT Million [+]
Gdp From Agriculture 632662.30 409000 130000 130000 64205 459000 MNT Million [+]
Gdp From Construction 113784.90 191000 45200 45200 123374 210000 MNT Million [+]
Gdp From Manufacturing 251743.90 268000 140000 140000 217854 308000 MNT Million [+]
Gdp From Mining 1000646.90 1380000 893000 893000 960320 2490000 MNT Million [+]
Gdp From Services 907694.00 703000 825000 825000 927553 828000 MNT Million [+]
Gdp From Transport 246648.90 210817 160734 166457 173225 106653 MNT Million [+]
Gdp From Utilities 49962.50 61719 63522 63798 63841 63848 MNT Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 9.40 10.5 11.2 11 10 8.7 percent [+]
Unemployed Persons 118864.00 128863 146351 138067 129816 138234 [+]
Labor Force Participation Rate 61.60 60.89 60.6 60.6 61.04 60.82 percent [+]
Population 3.06 3.14 3.16 3.17 3.18 3.38 Million [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Retirement Age Women 55.00 55 55 55 55 55 [+]
Employed Persons 1144359.00 1125856 1122672 1122124 1122030 1122011 [+]
Wages 888.00 895 887 901 891 908 MNT Thousand/Month [+]
Wages In Manufacturing 849.50 831 838 839 837 784 MNT Thousand/Month [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.10 0.7 3.2 4.7 5.2 4 percent [+]
Producer Prices 125.40 122 124 124 124 124 Index Points [+]
Producer Prices Change 12.90 10.51 9.88 10.79 10.5 10.53 percent [+]
Inflation Rate Mom -0.70 0.29 0.3 0.03 0.08 0.09 percent [+]
Food Inflation -2.30 -1.76 -1.58 -1.54 -1.54 -1.54 percent [+]
Consumer Price Index Cpi 155.60 155 154 154 153 150 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 15.00 15 15 15 12 8 percent [+]
Banks Balance Sheet 24725066.10 24885740 25048335 25142408 25165964 18467090 MNT Million [+]
Deposit Interest Rate 13.00 13.36 13.44 13.51 13.58 13.57 percent [+]
Foreign Exchange Reserves 1092.40 1094 1098 1098 1097 2290 USD Million [+]
Money Supply M1 2006574.60 1947623 1964491 1981058 1997323 2179974 MNT Million [+]
Money Supply M2 11506286.90 11734646 12023136 12315743 12612593 16917817 MNT Million [+]
Interbank Rate 16.01 15.98 15.91 15.85 15.87 15.87 percent [+]
Central Bank Balance Sheet 4414851.90 4379692 4380845 4377607 4375873 4375281 MNT Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 72.90 77.57 75.42 76.24 76.28 76.31 USD Million [+]
Exports 393.40 386 387 388 388 388 USD Million [+]
Imports 320.40 323 314 314 313 313 USD Million [+]
Current Account -87.40 84.9 74.1 63.66 54.34 10.7 USD Million [+]
Current Account to GDP -4.80 -3.5 -5 -5 6.12 -7.5 percent [+]
Foreign Direct Investment 12726.60 8688 6370 4970 3437 -5334 USD Million [+]
Capital Flows 249.87 19.3 131 54.41 22.13 54.22 USD Million [+]
Gold Reserves 1.76 1.7 1.77 1.6 2.03 1.76 Tonnes [+]
Remittances 11.39 10.08 9.9 9.88 9.86 9.85 USD Million [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Crude Oil Production 25.00 23.76 23.69 23.66 23.68 23.68 BBL/D/1K [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 77.40 81 86 86 86 80 percent [+]
Government Budget -3.10 -1.51 -1.61 -1.71 -1.81 -2.77 percent of GDP [+]
Government Revenues 4494356.40 3226196 2606081 3052731 3055944 2987877 MNT Million [+]
Government Spending 581163.80 600000 600000 600000 613380 703000 MNT Million [+]
Government Budget Value -2320357.80 -2045526 -1889209 -1866130 -1872491 -1875118 MNT Million [+]
Military Expenditure 103.00 111 112 113 114 116 USD Million [+]
Fiscal Expenditure 6814714.20 4265065 3301085 4158638 4117066 4000322 MNT Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 10.40 -7.2 -4.8 -4.8 10.45 4.1 percent [+]
Manufacturing Production -16.60 -7.6 -6.9 -6.9 -14.86 3.7 percent [+]
Mining Production 17.70 3.2 2.3 2.3 15.72 12.4 percent [+]
Industrial Production Mom 4.60 0.2 2.8 2.8 3.94 1.1 percent [+]
Ease of Doing Business 64.00 66.08 66.5 66.71 66.92 68.89 [+]
Electricity Production 443.10 455 405 344 303 288 Gigawatt-hour [+]
Corruption Index 39.00 37.38 37.86 38.33 38.81 38.89 Points [+]
Corruption Rank 72.00 69.81 69.21 68.6 67.99 70.1 [+]
Changes In Inventories 663558.50 363289 234172 298521 378051 288193 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 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Spending 2192642.00 2067270 1898031 1987835 2060952 1840592 MNT Million [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 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. 12/8/2016