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 | 13.5 USD Billion | 2019 |
| GDP Annual Growth Rate | 5.1 % | 4Q/19 |
| GDP Growth Rate | 6.1 % | 1Q/18 |
| GDP per capita | 4198 USD | 2018 |
| Inflation Rate YoY | 6.4 % | Feb/20 |
| Interest Rate | 10 % | Mar/20 |
| Unemployment Rate | 8.1 % | 4Q/19 |
| Wages | 1166 MNT Thou/Month | 421.894 USD/Month | 3Q/19 |
| Balance of Trade | 35 USD Million | 0.035 B USD | Feb/20 |
| Current Account | -277 USD Million | -0.277 B USD | Jan/20 |
| Foreign Exchange Reserves | 4016 USD Million | 4.016 B USD | Nov/19 |
GDP
13.5
USD Billion
#133 from 174 countries
GDP per capita
4198
USD
#103 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.5 USD Billion | 2019 |
| GDP Annual Growth Rate | 5.1 % | 4Q/19 |
| GDP Growth Rate | 6.1 % | 1Q/18 |
| GDP per capita | 4198 USD | 2018 |
| Gross National Product | 28564176 MNT Million | 10.335 B USD | 2018 |
| GDP Constant Prices | 5383315 MNT Million | 1.948 B USD | 4Q/19 |
| GDP per capita PPP | 12209 USD | 2018 |
| GDP From Agriculture | 601899 MNT Million | 0.218 B USD | 4Q/19 |
| GDP From Construction | 336902 MNT Million | 0.122 B USD | 4Q/19 |
| GDP From Manufacturing | 547603 MNT Million | 0.198 B USD | 4Q/19 |
| GDP From Mining | 1073578 MNT Million | 0.388 B USD | 4Q/19 |
| GDP From Services | 958247 MNT Million | 0.347 B USD | 4Q/19 |
| GDP From Transport | 564840 MNT Million | 0.204 B USD | 4Q/19 |
| GDP From Utilities | 109162 MNT Million | 0.039 B USD | 4Q/19 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 55 % | 2018 |
| Government Budget Value | 627771 MNT Million | 0.227 USD Billion | Dec/19 |
| Government Spending | 812408 MNT Million | 0.294 USD Billion | 4Q/19 |
| Government Revenues | 11936638 MNT Million | 4.319 USD Billion | Dec/19 |
| Fiscal Expenditure | 11429392 MNT Million | 4.135 B USD | Dec/19 |
| Government Budget to GDP | -3.4 % | 2018 |
| Military Expenditure | 90 USD Million | 0.09 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 125 index points | Feb/20 |
| Food Inflation | 10.3 % | Feb/20 |
| Inflation Rate YoY | 6.4 % | Feb/20 |
| Producer Prices | 136 index points | Feb/20 |
| Inflation Rate Mom | 1.2 % | Feb/20 |
| Producer Prices Change | 0.3 % | Feb/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -14.6 % | 2018 |
| Balance of Trade | 35 USD Million | 0.035 USD Billion | Feb/20 |
| Capital Flows | -108 USD Million | -0.108 USD Billion | Jan/20 |
| Current Account | -277 USD Million | -0.277 USD Billion | Jan/20 |
| Exports | 312 USD Million | 0.312 USD Billion | Feb/20 |
| External Debt | 30677880 USD Thousand | 30.678 B USD | 4Q/19 |
| Foreign Exchange Reserves | 4016 USD Million | 4.016 USD Billion | Nov/19 |
| Imports | 277 USD Million | 0.277 USD Billion | Feb/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 17.92 Tonnes | 4Q/19 |
| Interbank Rate | 10.84 % | Jan/20 |
| Interest Rate | 10 % | Mar/20 |
| Money Supply M1 | 3904158 MNT Million | 1.413 USD Billion | Dec/19 |
| Money Supply M2 | 20833778 MNT Million | 7.538 USD Billion | Dec/19 |
| Central Bank Balance Sheet | 3525393 MNT Million | 1.276 B USD | Dec/19 |
| Deposit Interest Rate | 10.5 % | Dec/19 |
| Foreign Direct Investment | 22312 USD Million | 22.312 B USD | 4Q/19 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 60 | 2018 |
| Retirement Age Women | 55 | 2018 |
| Unemployment Rate | 8.1 % | 4Q/19 |
| Wages | 1166 MNT Thou/Month | 421.894 USD/Month | 3Q/19 |
| Employed Persons | 1188440 Person | 1.188 Million Person | 4Q/19 |
| Employment Rate | 54.2 % | 3Q/19 |
| Labor Force Participation Rate | 60.7 % | 4Q/19 |
| Unemployed Persons | 105139 Persons | 0.105 Million Persons | 4Q/19 |
| Wages in Manufacturing | 1196 MNT Thousand/Month | 432.748 USD/Month | 3Q/19 |
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 | 20 BBL/D/1K | Nov/19 |
| Electricity Production | 651 GWh | Dec/19 |
| Industrial Production | -9.7 % | Feb/20 |
| Mining Production | -29.3 % | Dec/19 |
| Industrial Production (MoM) | 0.6 % | Feb/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 | 0.3 % | Dec/19 |
| Competitiveness Index | 52.61 Index Points | 2019 |
| Competitiveness Rank | 102 | 2019 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Spending | 3179374 MNT Million | 1.15 USD Billion | 4Q/19 |
Gold Reserves
17.92
Tonnes
#64 from 114 countries
Foreign Exchange Reserves
4.016
USD Billion
#89 from
114 countries
Government Budget Value
0.227
USD Billion
#24 from 113 countries
Inflation Rate
6.4
%
#22 from
174 countries
Interest Rate
10
%
#25 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
8.1
%
#44 from
171 countries
Wages
421.894
USD/Month
#65 from
82 countries
Retirement Age
60
55
men
women
Taxes
25%
10%
company profits
income of individuals
