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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 #
116 Corruption rank#89
81 Ease of doing business#73
Mongolia


Mongolia Major Economic Indicators

Indicator Data Period
GDP Value 15.29 USD Billion 2021
GDP Annual Growth Rate 3.7 % 3Q/22
GDP Growth Rate 6.1 % 1Q/18
GDP per capita 4107 USD 2021
Inflation Rate YoY 13.2 % Dec/22
Interest Rate 13 % Dec/22
Unemployment Rate 5.4 % 3Q/22
Wages 1544 MNT Thou/Month | 542.259 USD/Month 2Q/22
Balance of Trade 563 USD Million | 0.563 B USD Dec/22
Current Account -6.29 USD Million | -0.006 B USD Nov/22
Foreign Exchange Reserves 2696 USD Million | 2.696 B USD Aug/22


GDP Indicators

Indicator Data Period
GDP Value 15.29 USD Billion 2021
GDP Annual Growth Rate 3.7 % 3Q/22
GDP Growth Rate 6.1 % 1Q/18
GDP per capita 4107 USD 2021
Gross National Product 37196584 MNT Million | 13.064 B USD 2021
GDP Constant Prices 7473970 MNT Million | 2.625 B USD 3Q/22
GDP per capita PPP 11668 USD 2021
GDP From Agriculture  1188305 MNT Million | 0.417 B USD 3Q/22
GDP From Construction  197611 MNT Million | 0.069 B USD 3Q/22
GDP From Manufacturing  540730 MNT Million | 0.19 B USD 3Q/22
GDP From Mining  982535 MNT Million | 0.345 B USD 3Q/22
GDP From Services  2025543 MNT Million | 0.711 B USD 3Q/22
GDP From Transport  400059 MNT Million | 0.141 B USD 3Q/22
GDP From Utilities  129972 MNT Million | 0.046 B USD 3Q/22


Budget Indicators

Indicator Data Period
Government Debt to GDP 56 % 2021
Government Budget Value -962082 MNT Million | -0.338 USD Billion Sep/22
Government Spending 1007491 MNT Million | 0.354 USD Billion 3Q/22
Government Revenues 10956421 MNT Million | 3.848 USD Billion Aug/22
Fiscal Expenditure  10927611 MNT Million | 3.838 B USD Aug/22
Government Budget to GDP -6.8 % 2021
Military Expenditure 108 USD Million | 0.108 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 129 index points Dec/22
Food Inflation 15.4 % Dec/22
Inflation Rate YoY 13.2 % Dec/22
Producer Prices 210 index points Nov/22
Inflation Rate Mom 1 % Dec/22
Producer Prices Change  17.9 % Nov/22


Trade Indicators

Indicator Data Period
Current Account to GDP -12.8 % 2021
Balance of Trade 563 USD Million | 0.563 USD Billion Dec/22
Capital Flows -121 USD Million | -0.121 USD Billion Nov/22
Current Account -6.29 USD Million | -0.006 USD Billion Nov/22
Exports 1396 USD Million | 1.396 USD Billion Dec/22
External Debt 32446450 USD Thousand | 32.446 B USD 3Q/22
Foreign Exchange Reserves 2696 USD Million | 2.696 USD Billion Aug/22
Imports 833 USD Million | 0.833 USD Billion Dec/22


Money Indicators

Indicator Data Period
Gold Reserves 8.18 Tonnes 3Q/22
Interbank Rate 12.03 % Sep/22
Interest Rate 13 % Dec/22
Money Supply M1 7201329 MNT Million | 2.529 USD Billion Dec/22
Money Supply M2 29664808 MNT Million | 10.418 USD Billion Dec/22
Central Bank Balance Sheet 11660246 MNT Million | 4.095 B USD Aug/22
Deposit Interest Rate 9 % Dec/22
Foreign Direct Investment 27804 USD Million | 27.804 B USD 3Q/22


Labor Indicators

Indicator Data Period
Retirement Age Men 60 2022
Retirement Age Women 55 2022
Unemployment Rate 5.4 % 3Q/22
Wages 1544 MNT Thou/Month | 542.259 USD/Month 2Q/22
Employed Persons 1191456 Person | 1.191 Million Person 3Q/22
Employment Rate  56 % 3Q/22
Labor Force Participation Rate 59.2 % 3Q/22
Unemployed Persons 68126 Persons | 0.068 Million Persons 3Q/22
Wages in Manufacturing 1493 MNT Thousand/Month | 524.347 USD/Month 2Q/22


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 16 BBL/D/1K Aug/22
Electricity Production 690 GWh Nov/22
Industrial Production 7.5 % Dec/22
Mining Production 9.6 % Dec/22
Industrial Production (MoM) -6.5 % Dec/22


Business Indicators

Indicator Data Period
Corruption Index 33 index points 2022
Corruption Rank 116 place 2022
Ease of Doing Business 81 place 2019
Manufacturing Production 2.4 % Dec/22
Competitiveness Index 52.61 Index Points 2019
Competitiveness Rank 102 2019


Consumer Indicators

Indicator Data Period
Consumer Spending 4751110 MNT Million | 1.669 USD Billion 3Q/22