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 9.40 11.2 11 10 10.2 8.7 percent [+]
Inflation Rate 1.10 3.2 4.7 5.2 5.5 4 percent [+]
Interest Rate 14.00 14 14 12 12 8 percent [+]
Balance of Trade 362.30 141 135 135 135 135 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 2478.00 2530 2560 2580 2610 2980 [+]
Stock Market 12418.33 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 -1.60 -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 817473.50 364000 364000 731200 557692 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 4342597.00 3090000 3090000 4005157 469000 5310000 MNT Million [+]
Gdp From Agriculture 632662.30 130000 130000 64205 423000 459000 MNT Million [+]
Gdp From Construction 113784.90 45200 45200 123374 183000 210000 MNT Million [+]
Gdp From Manufacturing 251743.90 140000 140000 217854 217620 308000 MNT Million [+]
Gdp From Mining 1000646.90 893000 893000 960320 1540000 2490000 MNT Million [+]
Gdp From Services 907694.00 825000 825000 927553 718000 828000 MNT Million [+]
Gdp From Transport 246648.90 160734 166457 173225 166970 106653 MNT Million [+]
Gdp From Utilities 49962.50 63522 63798 63841 63847 63848 MNT Million [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 9.40 11.2 11 10 10.2 8.7 percent [+]
Unemployed Persons 118864.00 146351 138067 129816 135965 138234 [+]
Labor Force Participation Rate 61.60 60.6 60.6 61.04 60.87 60.82 percent [+]
Population 3.06 3.09 3.1 3.12 3.14 3.38 Million [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Employed Persons 1144359.00 1125856 1122672 1122124 1122030 1122011 [+]
Wages 884.30 900 913 906 920 927 MNT Thousand/Month [+]
Wages In Manufacturing 934.50 938 982 999 1010 1250 MNT Thousand/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.10 3.2 4.7 5.2 5.5 4 percent [+]
Producer Prices 148.50 135 137 138 139 140 Index Points [+]
Producer Prices Change 13.40 13.16 14.52 13.89 14.14 14.07 percent [+]
Inflation Rate Mom 0.70 0.34 0.09 0.22 0.21 0.19 percent [+]
Food Inflation 1.20 0.04 0.14 0.15 0.16 0.16 percent [+]
Consumer Price Index Cpi 155.60 154 154 153 153 150 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 14.00 14 14 12 12 8 percent [+]
Banks Balance Sheet 25050961.20 26007663 26589230 27083023 27499686 29444835 MNT Million [+]
Deposit Interest Rate 13.00 12.21 12.6 12.98 13.36 13.57 percent [+]
Foreign Exchange Reserves 1303.90 1345 1342 1345 1690 2290 USD Million [+]
Money Supply M1 2089379.20 1840936 1883579 1850640 1886779 1883747 MNT Million [+]
Money Supply M2 12075747.20 11974709 12206122 12408727 12586102 13580333 MNT Million [+]
Interbank Rate 16.03 15.48 15.44 15.48 15.48 15.48 percent [+]
Central Bank Balance Sheet 4414851.90 4380845 4377607 4375873 4375327 4375281 MNT Million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 362.30 141 135 135 135 135 USD Million [+]
Exports 550.50 431 443 442 442 442 USD Million [+]
Imports 311.20 308 308 307 307 307 USD Million [+]
Current Account 77.90 -7.04 -5.2 -5.01 -5.13 -5.1 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 [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
Crude Oil Production 25.00 23.69 23.66 23.68 23.68 23.68 BBL/D/1K [+]
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 [+]
Government Spending 581163.80 600000 600000 613380 624000 703000 MNT Million [+]
Government Budget Value -2677348.85 -2636037 -2633071 -2632770 -2632722 -2632723 MNT Million [+]
Military Expenditure 103.00 111 112 113 114 116 USD 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 18.80 -4.8 -4.8 11.31 -1.5 4.1 percent [+]
Manufacturing Production 0.90 -6.9 -6.9 -3.29 -3.5 3.7 percent [+]
Mining Production 18.10 2.3 2.3 15.5 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 475.90 441 366 314 289 289 Gigawatt-hour [+]
Corruption Index 39.00 37.63 37.55 37.46 37.38 38.89 Points [+]
Corruption Rank 72.00 73.32 72.15 70.98 69.81 70.1 [+]
Changes In Inventories 663558.50 234172 298521 378051 315031 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 Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 2192642.00 1898031 1987835 2060952 1998403 1840592 MNT Million [+]
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. 1/24/2017