Economy of Mongolia. Statistics, Data and Indicators

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

Mongolia Major Economic Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 13.85 USD Billion | 2019 |
GDP Annual Growth Rate | -7.3 % | 3Q/20 |
GDP Growth Rate | 6.1 % | 1Q/18 |
GDP per capita | 4350 USD | 2019 |
Inflation Rate YoY | 2.3 % | Dec/20 |
Interest Rate | 6 % | Nov/20 |
Unemployment Rate | 7.3 % | 3Q/20 |
Wages | 1269 MNT Thou/Month | 444.767 USD/Month | 3Q/20 |
Balance of Trade | 419 USD Million | 0.419 B USD | Nov/20 |
Current Account | 240 USD Million | 0.24 B USD | Nov/20 |
Foreign Exchange Reserves | 3870 USD Million | 3.87 B USD | Nov/20 |
GDP

13.85
USD Billion
#133 from 174 countries
GDP per capita

4350
USD
#103 from 169 countries
GDP Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 13.85 USD Billion | 2019 |
GDP Annual Growth Rate | -7.3 % | 3Q/20 |
GDP Growth Rate | 6.1 % | 1Q/18 |
GDP per capita | 4350 USD | 2019 |
Gross National Product | 32738372 MNT Million | 11.474 B USD | 2019 |
GDP Constant Prices | 4953102 MNT Million | 1.736 B USD | 3Q/20 |
GDP per capita PPP | 12310 USD | 2019 |
GDP From Agriculture | 775072 MNT Million | 0.272 B USD | 3Q/20 |
GDP From Construction | 132867 MNT Million | 0.047 B USD | 3Q/20 |
GDP From Manufacturing | 328351 MNT Million | 0.115 B USD | 3Q/20 |
GDP From Mining | 988359 MNT Million | 0.346 B USD | 3Q/20 |
GDP From Services | 1065468 MNT Million | 0.373 B USD | 3Q/20 |
GDP From Transport | 318446 MNT Million | 0.112 B USD | 3Q/20 |
GDP From Utilities | 109162 MNT Million | 0.038 B USD | 4Q/19 |
Budget Indicators
Indicator | Data | Period |
---|---|---|
Government Debt to GDP | 55 % | 2018 |
Government Budget Value | -3711095 MNT Million | -1.301 USD Billion | Nov/20 |
Government Spending | 667695 MNT Million | 0.234 USD Billion | 3Q/20 |
Government Revenues | 9068245 MNT Million | 3.178 USD Billion | Nov/21 |
Fiscal Expenditure | 3320250 MNT Million | 1.164 B USD | Apr/20 |
Government Budget to GDP | 1.3 % | 2019 |
Military Expenditure | 90 USD Million | 0.09 B USD | 2018 |
Inflation Indicators
Indicator | Data | Period |
---|---|---|
Consumer Price Index (CPI) | 125 index points | Dec/20 |
Food Inflation | 8.5 % | Dec/20 |
Inflation Rate YoY | 2.3 % | Dec/20 |
Producer Prices | 145 index points | Dec/20 |
Inflation Rate Mom | -0.6 % | Dec/20 |
Producer Prices Change | -2.8 % | Dec/20 |
Trade Indicators
Indicator | Data | Period |
---|---|---|
Current Account to GDP | -12.4 % | 2019 |
Balance of Trade | 419 USD Million | 0.419 USD Billion | Nov/20 |
Capital Flows | 57.57 USD Million | 0.058 USD Billion | Nov/20 |
Current Account | 240 USD Million | 0.24 USD Billion | Nov/20 |
Exports | 869 USD Million | 0.869 USD Billion | Nov/20 |
External Debt | 31192538 USD Thousand | 31.193 B USD | 3Q/20 |
Foreign Exchange Reserves | 3870 USD Million | 3.87 USD Billion | Nov/20 |
Imports | 450 USD Million | 0.45 USD Billion | Nov/20 |
Money Indicators
Indicator | Data | Period |
---|---|---|
Gold Reserves | 15.37 Tonnes | 3Q/20 |
Interbank Rate | 7.17 % | Nov/20 |
Interest Rate | 6 % | Nov/20 |
Money Supply M1 | 3914831 MNT Million | 1.372 USD Billion | Nov/20 |
Money Supply M2 | 23271626 MNT Million | 8.156 USD Billion | Nov/20 |
Central Bank Balance Sheet | 5516625 MNT Million | 1.934 B USD | Nov/20 |
Deposit Interest Rate | 10.2 % | Nov/20 |
Foreign Direct Investment | 23802 USD Million | 23.802 B USD | 3Q/20 |
Labor Indicators
Indicator | Data | Period |
---|---|---|
Retirement Age Men | 60 | 2019 |
Retirement Age Women | 55 | 2019 |
Unemployment Rate | 7.3 % | 3Q/20 |
Wages | 1269 MNT Thou/Month | 444.767 USD/Month | 3Q/20 |
Employed Persons | 1175986 Person | 1.176 Million Person | 3Q/20 |
Employment Rate | 54.7 % | 3Q/20 |
Labor Force Participation Rate | 59 % | 3Q/21 |
Unemployed Persons | 92616 Persons | 0.093 Million Persons | 3Q/20 |
Wages in Manufacturing | 1243 MNT Thousand/Month | 435.654 USD/Month | 3Q/20 |
Taxes
Indicator | Data | Period |
---|---|---|
Corporate Tax Rate | 25 % | 2020 |
Personal Income Tax Rate | 10 % | 2019 |
Sales Tax Rate | 10 % | 2020 |
Social Security Rate | 26 % | 2019 |
Social Security Rate For Companies | 14.5 % | 2019 |
Social Security Rate For Employees | 11.5 % | 2019 |
Production Indicators
Indicator | Data | Period |
---|---|---|
Crude Oil Production | 17 BBL/D/1K | Sep/20 |
Electricity Production | 593 GWh | Nov/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 | 2019 |
Corruption Rank | 106 place | 2019 |
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 | 3238354 MNT Million | 1.135 USD Billion | 3Q/20 |
Gold Reserves

15.37
Tonnes
#64 from 114 countries
Foreign Exchange Reserves

3.87
USD Billion
#89 from
114 countries
Government Budget Value

-1.301
USD Billion
#24 from 113 countries
Inflation Rate

2.3
%
#22 from
174 countries
Interest Rate

6
%
#25 from
159 countries
Bank Lending Rate

N/A%
#N/A from
N/A countries
Unemployment Rate

7.3
%
#44 from
171 countries
Wages

444.767
USD/Month
#65 from
82 countries
Retirement Age


60
55
men
women
Taxes


25%
10%
company profits
income of individuals