Economy of Mongolia. Statistics, Data and Indicators
Mongolia
| 36B- | Credit rank #79 |
| N/A | Quality of life # |
| 111 | Corruption rank#89 |
| 81 | Ease of doing business#73 |
Mongolia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.14 USD Billion | 2020 |
| GDP Annual Growth Rate | 15.7 % | 1Q/21 |
| GDP Growth Rate | 6.1 % | 1Q/18 |
| GDP per capita | 4054 USD | 2020 |
| Inflation Rate YoY | 6.2 % | May/21 |
| Interest Rate | 6 % | Jun/21 |
| Unemployment Rate | 7.6 % | 4Q/20 |
| Wages | 1269 MNT Thou/Month | 445.678 USD/Month | 3Q/20 |
| Balance of Trade | 722 USD Million | 0.722 B USD | May/21 |
| Current Account | -144 USD Million | -0.144 B USD | May/21 |
| Foreign Exchange Reserves | 4534 USD Million | 4.534 B USD | Dec/20 |
GDP
13.14
USD Billion
#133 from 174 countries
GDP per capita
4054
USD
#103 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.14 USD Billion | 2020 |
| GDP Annual Growth Rate | 15.7 % | 1Q/21 |
| GDP Growth Rate | 6.1 % | 1Q/18 |
| GDP per capita | 4054 USD | 2020 |
| Gross National Product | 32738372 MNT Million | 11.498 B USD | 2019 |
| GDP Constant Prices | 3830294 MNT Million | 1.345 B USD | 1Q/21 |
| GDP per capita PPP | 11471 USD | 2020 |
| GDP From Agriculture | 143190 MNT Million | 0.05 B USD | 1Q/21 |
| GDP From Construction | 44252 MNT Million | 0.016 B USD | 1Q/21 |
| GDP From Manufacturing | 252632 MNT Million | 0.089 B USD | 1Q/21 |
| GDP From Mining | 861972 MNT Million | 0.303 B USD | 1Q/21 |
| GDP From Services | 960723 MNT Million | 0.337 B USD | 1Q/21 |
| GDP From Transport | 177992 MNT Million | 0.063 B USD | 1Q/21 |
| GDP From Utilities | 117810 MNT Million | 0.041 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 55 % | 2018 |
| Government Budget Value | -490484 MNT Million | -0.172 USD Billion | Apr/21 |
| Government Spending | 616332 MNT Million | 0.216 USD Billion | 1Q/21 |
| Government Revenues | 1720551 MNT Million | 0.604 USD Billion | Feb/21 |
| Fiscal Expenditure | 1734074 MNT Million | 0.609 B USD | Feb/21 |
| 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) | 133 index points | May/21 |
| Food Inflation | 13.1 % | May/21 |
| Inflation Rate YoY | 6.2 % | May/21 |
| Producer Prices | 163 index points | May/21 |
| Inflation Rate Mom | 0.7 % | May/21 |
| Producer Prices Change | 31.4 % | May/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -12.3 % | 2020 |
| Balance of Trade | 722 USD Million | 0.722 USD Billion | May/21 |
| Capital Flows | -115 USD Million | -0.115 USD Billion | May/21 |
| Current Account | -144 USD Million | -0.144 USD Billion | May/21 |
| Exports | 3324 USD Million | 3.324 USD Billion | May/21 |
| External Debt | 32161914 USD Thousand | 32.162 B USD | 4Q/20 |
| Foreign Exchange Reserves | 4534 USD Million | 4.534 USD Billion | Dec/20 |
| Imports | 2602 USD Million | 2.602 USD Billion | May/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 10.62 Tonnes | 1Q/21 |
| Interbank Rate | 6.06 % | Mar/21 |
| Interest Rate | 6 % | Jun/21 |
| Money Supply M1 | 5761264 MNT Million | 2.023 USD Billion | May/21 |
| Money Supply M2 | 26917764 MNT Million | 9.454 USD Billion | May/21 |
| Central Bank Balance Sheet | 4850896 MNT Million | 1.704 B USD | Apr/21 |
| Deposit Interest Rate | 6.9 % | Mar/21 |
| Foreign Direct Investment | 242057 USD Million | 242.057 B USD | 4Q/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 60 | 2020 |
| Retirement Age Women | 55 | 2020 |
| Unemployment Rate | 7.6 % | 4Q/20 |
| Wages | 1269 MNT Thou/Month | 445.678 USD/Month | 3Q/20 |
| Employed Persons | 1054889 Person | 1.055 Million Person | 1Q/21 |
| Employment Rate | 50.1 % | 1Q/21 |
| Labor Force Participation Rate | 59 % | 3Q/21 |
| Unemployed Persons | 101161 Persons | 0.101 Million Persons | 1Q/21 |
| Wages in Manufacturing | 1243 MNT Thousand/Month | 436.546 USD/Month | 3Q/20 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 25 % | 2021 |
| Personal Income Tax Rate | 10 % | 2021 |
| Sales Tax Rate | 10 % | 2020 |
| 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 | 17 BBL/D/1K | Mar/21 |
| Electricity Production | 680 GWh | Dec/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 | 2020 |
| Corruption Rank | 111 place | 2020 |
| 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 | 2638840 MNT Million | 0.927 USD Billion | 1Q/21 |
Gold Reserves
10.62
Tonnes
#64 from 114 countries
Foreign Exchange Reserves
4.534
USD Billion
#89 from
114 countries
Government Budget Value
-0.172
USD Billion
#24 from 113 countries
Inflation Rate
6.2
%
#22 from
174 countries
Interest Rate
6
%
#25 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
7.6
%
#44 from
171 countries
Wages
445.678
USD/Month
#65 from
82 countries
Retirement Age
60
55
men
women
Taxes
25%
10%
company profits
income of individuals
