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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 5.10 4.2 5.3 4.8 4 5.9 percent
Unemployment Rate 7.30 8.8 8.9 7.7 9.4 7.3 percent
Inflation Rate 6.90 5.7 5.4 5.2 4.7 4 percent
Interest Rate 11.00 10 10 10 10 8 percent
Balance of Trade 62.70 70.36 55.29 41.34 31.66 -3.63 USD Million
Government Debt to GDP 79.40 88 88 88 88 80 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Stock Market 20459.09
points
19536 18352 17240 16196 9823
Currency 2392.00
2445 2465 2484 2504 2584
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 5.10
percent
4.2 5.3 4.8 4 5.9
GDP Annual Growth Rate 5.10
percent
5 5.3 5.8 6 5.9
GDP 11.16
USD Billion
10.95 10.8 10.65 10.5 7.6
Gross Fixed Capital Formation 1635801.00
MNT Million
1051990 961418 1107336 1200000 1450000
GDP per capita 3894.90
USD
3895 3888 3881 3875 3579
GDP per capita PPP 11328.50
USD
11337 11313 11288 11263 9997
Gross National Product 22266868.80
MNT Million
22017878 22171107 22324335 22477564 20052416
Gdp Constant Prices 4817082.20
MNT Million
3196750 4399242 4422430 4740000 5310000
Gdp From Agriculture 2252190.30
MNT Million
147007 1138298 1814766 435000 459000
Gdp From Construction 545666.00
MNT Million
49021 162827 271339 191000 210000
Gdp From Manufacturing 1114636.00
MNT Million
187616 412505 722501 279000 308000
Gdp From Mining 3692752.90
MNT Million
806527 1550051 2592820 1780000 2490000
Gdp From Services 3464533.50
MNT Million
852455 1658139 2608896 744000 828000
Gdp From Transport 564173.10
MNT Million
244808 236164 200922 538373 463234
Gdp From Utilities 92746.10
MNT Million
91347 60918 51682 91550 88331
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 7.30
percent
8.8 8.9 7.7 9.4 7.3
Unemployed Persons 100300.00
102355 108280 107767 104426 103418
Labor Force Participation Rate 62.40
percent
61.54 61.71 61.64 61.89 61.85
Population 3.12
Million
3.13 3.14 3.16 3.17 3.36
Wages 955.90
MNT Thousand/Month
945 941 936 933 891
Wages In Manufacturing 1058.80
MNT Thousand/Month
1111 1079 1078 1097 1031
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 60.00
60 60 55 60 60
Employed Persons 1266900.00
1212876 1214597 1209309 1230962 1205306
Employment Rate 57.90
percent
56.31 55.57 55.94 56.75 56.18
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 6.90
percent
5.7 5.4 5.2 4.7 4
Inflation Rate Mom 1.40
percent
0.9 0.59 0.64 0.71 0.69
Producer Prices 240.90
Index Points
241 238 231 224 178
Producer Prices Change 28.60
percent
52.4 45 32 25 16
Consumer Price Index Cpi 169.20
Index Points
171 171 171 171 163
Food Inflation 5.80
percent
7.4 7.2 7 6.4 5.5
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 11.00
percent
10 10 10 10 8
Banks Balance Sheet 27654750.20
MNT Million
27570372 27369236 27177871 26988549 24850806
Deposit Interest Rate 13.30
percent
18.2 18.28 18.35 18.42 46.39
Money Supply M1 2825996.80
MNT Million
2787960 2769956 2755569 2741739 2586100
Money Supply M2 15861198.50
MNT Million
16588380 16935507 17065704 17089699 16384863
Interbank Rate 13.63
percent
13.53 13.26 13.06 12.93 12.74
Foreign Exchange Reserves 2291.00
USD Million
2384 2320 2246 1840 2290
Central Bank Balance Sheet 7266764.00
MNT Million
7213747 7149910 7077173 7004651 6218488
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 62.70
USD Million
70.36 55.29 41.34 31.66 -3.63
Exports 423.80
USD Million
471 456 445 436 345
Imports 361.10
USD Million
356 354 345 337 273
Current Account -317.50
USD Million
-178 -190 -175 -164 -102
Current Account to GDP -11.20
percent
-22 -22 -22 -22 -7.5
Foreign Direct Investment 16744.10
USD Million
16980 17098 17170 17227 17137
Capital Flows -776.30
USD Million
-30 -72 25 72 91
Gold Reserves 3.09
Tonnes
2.69 2.73 2.94 2.97 2.99
Terrorism Index 0.00
0 0 0 0 0
Remittances 11.90
USD Million
8.94 8.56 8.16 7.82 6.93
Crude Oil Production 20.00
BBL/D/1K
19.49 19.41 19.34 19.26 18.67
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 79.40
percent
88 88 88 88 80
Government Budget -17.00
percent of GDP
-9.92 -12.18 -14.43 -16.69 -11.48
Government Revenues 7922488.80
MNT Million
5528197 4162567 3254152 2656536 1512826
Military Expenditure 108.90
USD Million
100 103 105 107 87.44
Government Spending 685437.70
MNT Million
508463 616131 492966 642000 703000
Government Budget Value -1741891.00
MNT Million
-1072463 -768022 -570587 -441373 -198035
Fiscal Expenditure 8980976.80
MNT Million
6104131 4580722 3571960 2913868 1683859
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Industrial Production -6.90
percent
-1.07 -2.09 -1.23 2.2 4.1
Manufacturing Production -3.30
percent
2.24 2.69 2.83 2.5 3.7
Internet Speed 6625.86
KBps
5225 4934 4665 4420 2966
IP Addresses 31363.00
IP
34031 34233 34313 34033 30297
Mining Production -9.20
percent
15.49 8.84 14.31 6.7 12.4
Industrial Production Mom -0.10
percent
2.47 3.11 2.71 1.8 1.1
Ease of Doing Business 62.00
70 74 77 81 78
Electricity Production 545.80
Gigawatt-hour
505 420 353 316 300
Changes In Inventories 510357.20
MNT Million
352554 375542 362388 332114 321030
Competitiveness Index 3.90
Points
3.78 3.78 3.78 3.78 3.76
Competitiveness Rank 101.00
102 102 102 102 102
Corruption Index 38.00
Points
38 37 37 37 33
Corruption Rank 87.00
74 78 82 85 90
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 2295566.10
MNT Million
2119834 2174392 2257593 2274557 2181273
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Housing Index 1.01
Index Points
1.02 1.03 1.04 1.05 1.06
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 3.43
mm
2.74 22.34 45.63 5.27 19.42
Temperature -15.90
celsius
-16.35 8.94 14.38 -10.2 -0.82