Mongolia - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Mongolia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Mongolia economy.


Overview Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 6.10 5.3 4.8 4 4.5 5.9 percent
Unemployment Rate 9.70 8.9 8.7 9.4 8.7 7.3 percent
Inflation Rate 6.00 8 9 8.5 8 6 percent
Interest Rate 10.00 10 10 10 10 8 percent
Balance of Trade 191.50 170 96.47 129 125 124 USD Million
Government Debt to GDP 79.40 88 88 88 83 80 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Stock Market 19244.06
points
18861 17682 16578 15542 12006
Currency 2399.00
2403 2421 2439 2456 2529
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 6.10
percent
5.3 4.8 4 4.5 5.9
GDP Annual Growth Rate 6.10
percent
5.3 5.8 6 6.5 5.9
GDP 11.16
USD Billion
11.3 11.1 10.9 10.6 10.6
Gross Fixed Capital Formation 1635801.00
MNT Million
1043580 1129662 1733949 672827 1955608
GDP per capita 3894.90
USD
3889 3708 3872 3576 3431
GDP per capita PPP 11328.50
USD
11313 11288 11263 10414 9997
Gross National Product 22266868.80
MNT Million
22856941 22912608 24830231 23714215 28004403
Gdp Constant Prices 4817082.20
MNT Million
4621216 4625430 5106107 3258630 5758846
Gdp From Agriculture 2252190.30
MNT Million
1183743 1880795 2387322 135614 2692505
Gdp From Construction 545666.00
MNT Million
168225 281018 578406 25990 652346
Gdp From Manufacturing 1114636.00
MNT Million
436454 758648 1181514 186078 1332553
Gdp From Mining 3692752.90
MNT Million
1615866 2694900 3914318 813475 4414705
Gdp From Services 3464533.50
MNT Million
1714954 2697982 3672406 889991 4141867
Gdp From Transport 564173.10
MNT Million
239278 222589 598023 238728 674472
Gdp From Utilities 92746.10
MNT Million
62497 52960 98311 97084 110878
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 9.70
percent
8.9 8.7 9.4 8.7 7.3
Unemployed Persons 122900.00
116960 116967 116967 116967 116967
Labor Force Participation Rate 60.60
percent
61.71 61.64 61.89 61.8 61.85
Population 3.18
Million
3.15 3.16 3.17 3.18 3.35
Wages 1038.90
MNT Thousand/Month
1045 1040 1040 1080 1150
Wages In Manufacturing 1104.40
MNT Thousand/Month
1280 1360 1450 1500 1650
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 55.00
60 55 60 55 60
Employed Persons 1142900.00
1258573 1189734 1251804 1195838 1230872
Employment Rate 57.90
percent
56.52 56.11 56.28 56.21 56.23
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 6.00
percent
8 9 8.5 8 6
Inflation Rate Mom 0.60
percent
0.61 0.66 0.69 0.69 0.69
Producer Prices 244.50
Index Points
265 295 294 298 412
Producer Prices Change 19.10
percent
32 32 25 20.32 16
Consumer Price Index Cpi 171.60
Index Points
112 114 112 116 122
Food Inflation 6.10
percent
7.2 7 6.4 6.3 5.5
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 10.00
percent
10 10 10 10 8
Banks Balance Sheet 28934002.91
MNT Million
26829586 26687376 27081948 27369565 27128939
Deposit Interest Rate 12.96
percent
18.64 18.73 18.82 20.91 55.21
Money Supply M1 2777378.10
MNT Million
2662223 2689054 2665961 2627421 2624877
Money Supply M2 16069225.90
MNT Million
14346655 14010894 13893466 13942793 14351805
Interbank Rate 13.63
percent
12.63 12.63 12.63 12.63 10.63
Foreign Exchange Reserves 2983.10
USD Million
2419 2276 1840 2105 2290
Central Bank Balance Sheet 7266764.00
MNT Million
7149910 7077173 7004651 6933206 6218488
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 191.50
USD Million
170 96.47 129 125 124
Exports 642.90
USD Million
548 502 527 517 520
Imports 451.50
USD Million
378 406 394 391 395
Current Account -41.20
USD Million
-88.09 -43.97 -60.41 -54.37 -55.99
Current Account to GDP -4.90
percent
-22 -22 -22 -12 -7.5
Foreign Direct Investment 17245.30
USD Million
16757 16757 16757 16757 16757
Capital Flows -115.80
USD Million
-72 25 72 -189 91
Gold Reserves 3.10
Tonnes
2.91 2.99 3.06 3.04 3.02
Terrorism Index 0.00
0 0 0 0 0
Remittances 9.28
USD Million
10.47 9.13 10.15 9.59 9.77
Crude Oil Production 20.00
BBL/D/1K
20 20 20 20 20
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 79.40
percent
88 88 88 83 80
Government Budget -17.00
percent of GDP
-14.2 -16.14 -18.07 -18.16 -21.08
Government Revenues 1993794.20
MNT Million
11508069 12417307 12611758 12087661 -595895
Military Expenditure 90.20
USD Million
108 108 108 108 111
Government Spending 685437.70
MNT Million
621719 498888 726564 535057 819444
Government Budget Value -25771.90
MNT Million
-1509448 102402 4043395 4509566 -8148996
Fiscal Expenditure 1836624.40
MNT Million
13017517 12314905 10291843 7578096 7553102
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Industrial Production 1.40
percent
6.12 8.7 2.2 8.35 4.1
Manufacturing Production 9.50
percent
3.83 3.4 2.5 3.23 3.7
Internet Speed 6625.86
KBps
4934 4665 4420 4199 2966
IP Addresses 31363.00
IP
34568 35126 35478 35724 36904
Mining Production -9.60
percent
3.68 7.61 6.7 6.73 12.4
Industrial Production Mom -6.30
percent
1.56 -0.79 1.8 0.11 1.1
Ease of Doing Business 62.00
62 62 62 62 62
Electricity Production 490.43
Gigawatt-hour
420 353 316 300 300
Changes In Inventories 581355.80
MNT Million
565929 515131 555962 523142 539090
Competitiveness Index 3.90
Points
3.87 3.87 3.87 3.87 3.87
Competitiveness Rank 101.00
101 101 101 101 101
Corruption Index 36.00
Points
36 36 36 36 36
Corruption Rank 103.00
103 103 103 103 103
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Spending 2295566.10
MNT Million
2304443 2399205 2433300 2141297 2744361
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Housing Index 1.03
Index Points
1 1 1 1 1
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Personal Income Tax Rate 10.00
percent
10 10 10 10 10
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 23.00
percent
23 23 23 23 23
Social Security Rate For Companies 13.00
percent
13 13 13 13 13
Social Security Rate For Employees 10.00
percent
10 10 10 10 10
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 3.43
mm
22.34 45.63 5.27 2.75 19.42
Temperature -15.90
celsius
8.94 14.38 -10.2 -16.38 -0.82