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Economy of Mongolia. Statistics, Data and Indicators

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Mongolia
36B- Credit rank #79
N/A Quality of life #
110 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 1.4 % 4Q/21
GDP Growth Rate 6.1 % 1Q/18
GDP per capita 4078 USD 2020
Inflation Rate YoY 14.4 % Mar/22
Interest Rate 9 % Mar/22
Unemployment Rate 8.1 % 4Q/21
Wages 1335 MNT Thou/Month | 468.857 USD/Month 3Q/21
Balance of Trade 109 USD Million | 0.109 B USD Mar/22
Current Account -400 USD Million | -0.4 B USD Mar/22
Foreign Exchange Reserves 3685 USD Million | 3.685 B USD Feb/22


GDP Indicators

Indicator Data Period
GDP Value 13.14 USD Billion 2020
GDP Annual Growth Rate 1.4 % 4Q/21
GDP Growth Rate 6.1 % 1Q/18
GDP per capita 4078 USD 2020
Gross National Product 33912488 MNT Million | 11.91 B USD 2020
GDP Constant Prices 7524486 MNT Million | 2.643 B USD 4Q/21
GDP per capita PPP 11471 USD 2020
GDP From Agriculture  733319 MNT Million | 0.258 B USD 4Q/21
GDP From Construction  381768 MNT Million | 0.134 B USD 4Q/21
GDP From Manufacturing  894013 MNT Million | 0.314 B USD 4Q/21
GDP From Mining  1132963 MNT Million | 0.398 B USD 4Q/21
GDP From Services  2093419 MNT Million | 0.735 B USD 4Q/21
GDP From Transport  391994 MNT Million | 0.138 B USD 4Q/21
GDP From Utilities  236637 MNT Million | 0.083 B USD 4Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 66 % 2020
Government Budget Value -254654 MNT Million | -0.089 USD Billion Mar/22
Government Spending 2066073 MNT Million | 0.726 USD Billion 4Q/21
Government Revenues 3915546 MNT Million | 1.375 USD Billion Mar/22
Fiscal Expenditure  3822679 MNT Million | 1.343 B USD Mar/22
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) 147 index points Mar/22
Food Inflation 18 % Mar/22
Inflation Rate YoY 14.4 % Mar/22
Producer Prices 220 index points Mar/22
Inflation Rate Mom 0.8 % Mar/22
Producer Prices Change  56.8 % Mar/22


Trade Indicators

Indicator Data Period
Current Account to GDP -12.3 % 2020
Balance of Trade 109 USD Million | 0.109 USD Billion Mar/22
Capital Flows -112 USD Million | -0.112 USD Billion Mar/22
Current Account -400 USD Million | -0.4 USD Billion Mar/22
Exports 762 USD Million | 0.762 USD Billion Mar/22
External Debt 33190470 USD Thousand | 33.19 B USD 4Q/21
Foreign Exchange Reserves 3685 USD Million | 3.685 USD Billion Feb/22
Imports 653 USD Million | 0.653 USD Billion Mar/22


Money Indicators

Indicator Data Period
Gold Reserves 9.67 Tonnes 4Q/21
Interbank Rate 7.36 % Mar/22
Interest Rate 9 % Mar/22
Money Supply M1 5840556 MNT Million | 2.051 USD Billion Jan/22
Money Supply M2 26807328 MNT Million | 9.415 USD Billion Jan/22
Central Bank Balance Sheet 12902785 MNT Million | 4.532 B USD Mar/22
Deposit Interest Rate 6.7 % Mar/22
Foreign Direct Investment 24206 USD Million | 24.206 B USD 4Q/20


Labor Indicators

Indicator Data Period
Retirement Age Men 60 2020
Retirement Age Women 55 2020
Unemployment Rate 8.1 % 4Q/21
Wages 1335 MNT Thou/Month | 468.857 USD/Month 3Q/21
Employed Persons 1127111 Person | 1.127 Million Person 4Q/21
Employment Rate  53.6 % 4Q/21
Labor Force Participation Rate 58.3 % 4Q/21
Unemployed Persons 99393 Persons | 0.099 Million Persons 4Q/21
Wages in Manufacturing 1308 MNT Thousand/Month | 459.375 USD/Month 3Q/21


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 16 BBL/D/1K Jan/22
Electricity Production 685 GWh Mar/22
Industrial Production -32.5 % Mar/22
Mining Production -39.6 % Mar/22
Industrial Production (MoM) -11.8 % Mar/22


Business Indicators

Indicator Data Period
Corruption Index 35 index points 2021
Corruption Rank 110 place 2021
Ease of Doing Business 81 place 2019
Manufacturing Production -18.8 % Mar/22
Competitiveness Index 52.61 Index Points 2019
Competitiveness Rank 102 2019


Consumer Indicators

Indicator Data Period
Consumer Spending 4228249 MNT Million | 1.485 USD Billion 4Q/21