Economy of Mongolia. Statistics, Data and Indicators
Mongolia
| 36B- | Credit rank #79 |
| N/A | Quality of life # |
| 110 | Corruption rank#89 |
| 81 | Ease of doing business#73 |
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
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2021 |
| Personal Income Tax Rate | 10 % | 2021 |
| Sales Tax Rate | 10 % | 2021 |
| Social Security Rate | 28 % | 2021 |
| Social Security Rate For Companies | 15.5 % | 2021 |
| Social Security Rate For Employees | 12.5 % | 2021 |
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 |
