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 Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 6.10 7.2 4 7.3 7.5 5.9 percent
Unemployment Rate 9.70 9.1 9.4 9.5 9.5 7.3 percent
Inflation Rate 6.10 9 8.5 8 7.5 6 percent
Interest Rate 10.00 10 10 10 9.75 8 percent
Balance of Trade 162.96 110 125 124 126 126 USD Million
Government Debt to GDP 79.40 88 88 83 83 80 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 19596.05
points
18153 17008 15935 14929 11503
Currency 2454.00
2476 2493 2510 2527 2595
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 6.10
percent
7.2 4 7.3 7.5 5.9
GDP Annual Growth Rate 6.10
percent
5.8 6 6.5 7.6 5.9
GDP 11.49
USD Billion
12.1 12.1 12.8 12.8 11.8
Gross Fixed Capital Formation 935638.60
MNT Million
1129662 1733949 996455 1093904 1955608
GDP per capita 4071.09
USD
4208 4208 4312 4312 4459
GDP per capita PPP 11840.80
USD
12051 12051 12340 12340 12970
Gross National Product 24103349.30
MNT Million
22963486 25549550 25670067 24012353 28815677
Gdp Constant Prices 3247705.60
MNT Million
4622515 5106107 3458806 4846728 5758846
Gdp From Agriculture 127773.30
MNT Million
694168 449866 136079 1103811 507374
Gdp From Construction 32605.40
MNT Million
112383 266707 34725 150079 300802
Gdp From Manufacturing 185841.50
MNT Million
321131 400011 197921 269501 451146
Gdp From Mining 796284.70
MNT Million
1075098 1138231 848043 871910 1283736
Gdp From Services 884272.60
MNT Million
978851 898710 941750 898469 1013597
Gdp From Transport 236269.10
MNT Million
222589 598023 251627 250817 674472
Gdp From Utilities 99321.50
MNT Million
52960 98311 105777 65511 110878
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 9.70
percent
9.1 9.4 9.5 9.5 7.3
Unemployed Persons 122900.00
120627 112878 120941 125264 120019
Labor Force Participation Rate 60.60
percent
61.24 61.67 61.13 61.32 61.34
Population 3.18
Million
3.21 3.23 3.24 3.25 3.36
Wages 998.40
MNT Thousand/Month
1040 1040 1080 1009 1150
Wages In Manufacturing 1079.90
MNT Thousand/Month
1360 1450 1500 1084 1650
Retirement Age Men 60.00
60 60 60 60 60
Retirement Age Women 55.00
55 60 55 55 60
Employed Persons 1142900.00
1225817 1267385 1208192 1245997 1323268
Employment Rate 54.70
percent
55.92 56.83 55.44 55.33 56
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 6.10
percent
9 8.5 8 7.5 6
Inflation Rate Mom 0.60
percent
0.56 0.56 0.56 0.56 0.56
Producer Prices 243.30
Index Points
295 294 298 285 412
Producer Prices Change 18.50
percent
32 25 20.32 17.05 16
Consumer Price Index Cpi 171.60
Index Points
180 184 185 189 207
Food Inflation 7.10
percent
7 6.4 6.3 8.13 5.5
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 10.00
percent
10 10 10 9.75 8
Banks Balance Sheet 28881588.41
MNT Million
29863091 30294482 30678106 31016519 32828400
Deposit Interest Rate 12.96
percent
12.96 12.96 12.96 12.71 10.96
Money Supply M1 3202500.00
MNT Million
3310292 3366269 3323008 3365166 3361249
Money Supply M2 17041700.00
MNT Million
18060865 18855902 19612204 20331583 25855189
Interbank Rate 13.63
percent
13.63 13.63 13.63 13.38 11.63
Foreign Exchange Reserves 3256.30
USD Million
3020 1840 3022 3022 2290
Central Bank Balance Sheet 7266764.00
MNT Million
7255606 7256098 7256131 7256129 7256127
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 162.96
USD Million
110 125 124 126 126
Exports 759.80
USD Million
612 624 620 621 621
Imports 596.90
USD Million
502 499 496 495 495
Current Account -38.20
USD Million
-80.68 -81.02 -80.98 -80.99 -80.99
Current Account to GDP -4.90
percent
-22 -22 -12 -12 -7.5
Foreign Direct Investment 18019.90
USD Million
18590 18833 19091 19277 20126
Capital Flows -231.30
USD Million
25 72 -172 -174 91
Gold Reserves 3.60
Tonnes
3.46 3.29 3.31 3.42 3.38
Terrorism Index 0.00
0 0 0 0 0
Remittances 14.71
USD Million
13.43 13.3 13.28 13.29 13.29
Crude Oil Production 20.00
BBL/D/1K
19.99 19.99 19.99 19.99 19.99
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 79.40
percent
88 88 83 83 80
Government Budget -17.00
percent of GDP
-16.14 -18.07 -18.16 -18.24 -21.08
Government Revenues 3659463.10
MNT Million
3824876 3449895 3649492 3662589 3630182
Military Expenditure 90.20
USD Million
90.58 89.8 89.51 89.22 89.9
Government Spending 530950.10
MNT Million
498888 726564 565462 651700 819444
Government Budget Value 45435.80
MNT Million
-643877 -377581 -349440 -409318 -390492
Fiscal Expenditure 3260036.70
MNT Million
4468753 3818993 3998932 4071907 4020674
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Industrial Production 4.10
percent
3.27 2.2 2.04 1.93 4.1
Manufacturing Production 7.40
percent
14.34 2.5 12.24 11.64 3.7
Internet Speed 6625.86
KBps
5513 5156 5359 5060 4932
IP Addresses 31363.00
IP
35126 35478 35724 35984 36904
Mining Production 2.70
percent
2.12 6.7 -0.89 -1.97 12.4
Industrial Production Mom 3.90
percent
1.1 1.8 1.35 1.36 1.1
Ease of Doing Business 62.00
71 74 73 72 68
Electricity Production 415.40
Gigawatt-hour
314 288 285 289 298
Changes In Inventories 433939.80
MNT Million
455568 454333 424565 423422 400238
Competitiveness Index 3.90
Points
3.79 3.79 3.88 3.91 3.91
Competitiveness Rank 101.00
103 103 100 99 102
Corruption Index 36.00
Points
35 34 34 34 35
Corruption Rank 103.00
109 116 119 122 126
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 2203179.20
MNT Million
2399205 2433300 2346386 2415568 2744361
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Housing Index 1.03
Index Points
1.03 1.04 1.04 1.04 1.05
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 3.43
mm
45.63 5.27 2.75 18.73 19.42
Temperature -15.90
celsius
14.38 -10.2 -16.38 13.56 -0.82