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Economy of Mongolia. Statistics, Data and Indicators

flag
Mongolia
36B- Credit rank #79
N/A Quality of life #
111 Corruption rank#89
81 Ease of doing business#73
Mongolia


Mongolia Major Economic Indicators

Indicator Data Period
GDP Value 13.14 USD Billion 2020
GDP Annual Growth Rate 15.7 % 1Q/21
GDP Growth Rate 6.1 % 1Q/18
GDP per capita 4054 USD 2020
Inflation Rate YoY 6.2 % May/21
Interest Rate 6 % Jun/21
Unemployment Rate 7.6 % 4Q/20
Wages 1269 MNT Thou/Month | 445.678 USD/Month 3Q/20
Balance of Trade 722 USD Million | 0.722 B USD May/21
Current Account -144 USD Million | -0.144 B USD May/21
Foreign Exchange Reserves 4534 USD Million | 4.534 B USD Dec/20


GDP
vvp
13.14
USD Billion
#133 from 174 countries
GDP per capita
vvp
4054
USD
#103 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 13.14 USD Billion 2020
GDP Annual Growth Rate 15.7 % 1Q/21
GDP Growth Rate 6.1 % 1Q/18
GDP per capita 4054 USD 2020
Gross National Product 32738372 MNT Million | 11.498 B USD 2019
GDP Constant Prices 3830294 MNT Million | 1.345 B USD 1Q/21
GDP per capita PPP 11471 USD 2020
GDP From Agriculture  143190 MNT Million | 0.05 B USD 1Q/21
GDP From Construction  44252 MNT Million | 0.016 B USD 1Q/21
GDP From Manufacturing  252632 MNT Million | 0.089 B USD 1Q/21
GDP From Mining  861972 MNT Million | 0.303 B USD 1Q/21
GDP From Services  960723 MNT Million | 0.337 B USD 1Q/21
GDP From Transport  177992 MNT Million | 0.063 B USD 1Q/21
GDP From Utilities  117810 MNT Million | 0.041 B USD 1Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 55 % 2018
Government Budget Value -490484 MNT Million | -0.172 USD Billion Apr/21
Government Spending 616332 MNT Million | 0.216 USD Billion 1Q/21
Government Revenues 1720551 MNT Million | 0.604 USD Billion Feb/21
Fiscal Expenditure  1734074 MNT Million | 0.609 B USD Feb/21
Government Budget to GDP -11.5 % 2020
Military Expenditure 107 USD Million | 0.107 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 133 index points May/21
Food Inflation 13.1 % May/21
Inflation Rate YoY 6.2 % May/21
Producer Prices 163 index points May/21
Inflation Rate Mom 0.7 % May/21
Producer Prices Change  31.4 % May/21


Trade Indicators

Indicator Data Period
Current Account to GDP -12.3 % 2020
Balance of Trade 722 USD Million | 0.722 USD Billion May/21
Capital Flows -115 USD Million | -0.115 USD Billion May/21
Current Account -144 USD Million | -0.144 USD Billion May/21
Exports 3324 USD Million | 3.324 USD Billion May/21
External Debt 32161914 USD Thousand | 32.162 B USD 4Q/20
Foreign Exchange Reserves 4534 USD Million | 4.534 USD Billion Dec/20
Imports 2602 USD Million | 2.602 USD Billion May/21


Money Indicators

Indicator Data Period
Gold Reserves 10.62 Tonnes 1Q/21
Interbank Rate 6.06 % Mar/21
Interest Rate 6 % Jun/21
Money Supply M1 5761264 MNT Million | 2.023 USD Billion May/21
Money Supply M2 26917764 MNT Million | 9.454 USD Billion May/21
Central Bank Balance Sheet 4850896 MNT Million | 1.704 B USD Apr/21
Deposit Interest Rate 6.9 % Mar/21
Foreign Direct Investment 242057 USD Million | 242.057 B USD 4Q/20


Labor Indicators

Indicator Data Period
Retirement Age Men 60 2020
Retirement Age Women 55 2020
Unemployment Rate 7.6 % 4Q/20
Wages 1269 MNT Thou/Month | 445.678 USD/Month 3Q/20
Employed Persons 1054889 Person | 1.055 Million Person 1Q/21
Employment Rate  50.1 % 1Q/21
Labor Force Participation Rate 59 % 3Q/21
Unemployed Persons 101161 Persons | 0.101 Million Persons 1Q/21
Wages in Manufacturing 1243 MNT Thousand/Month | 436.546 USD/Month 3Q/20


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 17 BBL/D/1K Mar/21
Electricity Production 680 GWh Dec/20
Industrial Production -9.6 % Jul/20
Mining Production -7.6 % Jun/20
Industrial Production (MoM) 9.1 % Jun/20


Business Indicators

Indicator Data Period
Corruption Index 35 index points 2020
Corruption Rank 111 place 2020
Ease of Doing Business 81 place 2019
Manufacturing Production 0.6 % Jun/20
Competitiveness Index 52.61 Index Points 2019
Competitiveness Rank 102 2019


Consumer Indicators

Indicator Data Period
Consumer Spending 2638840 MNT Million | 0.927 USD Billion 1Q/21


Gold Reserves
gold_reserve_icon
10.62
Tonnes
#64 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
4.534
USD Billion
#89 from 114 countries


Government Budget Value
balance_icon
-0.172
USD Billion
#24 from 113 countries
Inflation Rate
inflation_icon
6.2
%
#22 from 174 countries


Interest Rate
discount_rate_icon
6
%
#25 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
7.6
%
#44 from 171 countries
Wages
salary_icon
445.678
USD/Month
#65 from 82 countries


Retirement Age
man_icon
woman_icon
60
55
men
women
Taxes
company_icon
private_icon
25%
10%
company profits
income of individuals