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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 15.1 USD Billion 2021
GDP Annual Growth Rate 1.9 % 2Q/22
GDP Growth Rate 6.1 % 1Q/18
GDP per capita 4121 USD 2021
Inflation Rate YoY 14.4 % Aug/22
Interest Rate 12 % Sep/22
Unemployment Rate 8.1 % 4Q/21
Wages 1438 MNT Thou/Month | 505.031 USD/Month 4Q/21
Balance of Trade 454 USD Million | 0.454 B USD Aug/22
Current Account -223 USD Million | -0.223 B USD Jul/22
Foreign Exchange Reserves 2696 USD Million | 2.696 B USD Aug/22


GDP Indicators

Indicator Data Period
GDP Value 15.1 USD Billion 2021
GDP Annual Growth Rate 1.9 % 2Q/22
GDP Growth Rate 6.1 % 1Q/18
GDP per capita 4121 USD 2021
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 11708 USD 2021
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 -788491 MNT Million | -0.277 USD Billion Jul/22
Government Spending 2066073 MNT Million | 0.726 USD Billion 4Q/21
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 -11.5 % 2020
Military Expenditure 107 USD Million | 0.107 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 157 index points Jul/22
Food Inflation 21.5 % Jul/22
Inflation Rate YoY 14.4 % Aug/22
Producer Prices 205 index points Aug/22
Inflation Rate Mom -0.9 % Aug/22
Producer Prices Change  24 % Aug/22


Trade Indicators

Indicator Data Period
Current Account to GDP -12.3 % 2020
Balance of Trade 454 USD Million | 0.454 USD Billion Aug/22
Capital Flows 264 USD Million | 0.264 USD Billion Jul/22
Current Account -223 USD Million | -0.223 USD Billion Jul/22
Exports 1291 USD Million | 1.291 USD Billion Aug/22
External Debt 33260450 USD Thousand | 33.26 B USD 2Q/22
Foreign Exchange Reserves 2696 USD Million | 2.696 USD Billion Aug/22
Imports 837 USD Million | 0.837 USD Billion Aug/22


Money Indicators

Indicator Data Period
Gold Reserves 6.84 Tonnes 2Q/22
Interbank Rate 10.12 % Jul/22
Interest Rate 12 % Sep/22
Money Supply M1 6028257 MNT Million | 2.117 USD Billion Aug/22
Money Supply M2 26944134 MNT Million | 9.463 USD Billion Aug/22
Central Bank Balance Sheet 11660246 MNT Million | 4.095 B USD Aug/22
Deposit Interest Rate 9.2 % Aug/22
Foreign Direct Investment 24206 USD Million | 24.206 B USD 4Q/20


Labor Indicators

Indicator Data Period
Retirement Age Men 60 2022
Retirement Age Women 55 2022
Unemployment Rate 8.1 % 4Q/21
Wages 1438 MNT Thou/Month | 505.031 USD/Month 4Q/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 1411 MNT Thousand/Month | 495.548 USD/Month 4Q/21


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 16 BBL/D/1K May/22
Electricity Production 466 GWh Aug/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