Mongolia | Economic Forecasts | 2017-2020 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 4.20 4.3 3.7 4.2 5.3 5.9 percent [+]
Unemployment Rate 9.60 8.9 9.3 8.8 8.9 7.3 percent [+]
Inflation Rate 5.00 4.7 5.2 5.7 5.4 4 percent [+]
Interest Rate 12.00 12 12 10 10 8 percent [+]
Balance of Trade 164.50 134 103 82.58 71.38 9.57 USD Million [+]
Government Debt to GDP 77.40 86 86 88 88 80 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Stock Market 18171.96 12600 12400 12300 12200 10800 points [+]
Currency 2453.00 2400 2376 2351 2327 2060 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 4.20 4.3 3.7 4.2 5.3 5.9 percent [+]
GDP Annual Growth Rate 5.30 4.3 3.7 4.2 5.3 5.9 percent [+]
GDP 11.16 11.06 10.89 10.86 10.82 10.64 USD Billion [+]
Gross Fixed Capital Formation 1016639.50 918572 1113394 782942 820794 1450000 MNT Million [+]
GDP per capita 3894.90 3899 3896 3895 3894 3891 USD [+]
GDP per capita PPP 11328.50 11350 11338 11340 11343 11356 USD [+]
Gross National Product 21048453.80 21819517 21730117 21761102 21792087 22368336 MNT Million [+]
Gdp Constant Prices 4504393.60 3865487 469000 3885528 3886123 5310000 MNT Million [+]
Gdp From Agriculture 127480.00 449984 423000 457944 458177 459000 MNT Million [+]
Gdp From Construction 32717.90 125809 183000 61119 136299 210000 MNT Million [+]
Gdp From Manufacturing 166558.50 255636 297846 180225 217993 308000 MNT Million [+]
Gdp From Mining 764239.00 968830 1540000 968928 968928 2490000 MNT Million [+]
Gdp From Services 833168.30 886206 718000 851325 802928 828000 MNT Million [+]
Gdp From Transport 227118.00 279803 280508 280431 280439 280439 MNT Million [+]
Gdp From Utilities 92723.40 50087 91014 92858 59026 87394 MNT Million [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 9.60 8.9 9.3 8.8 8.9 7.3 percent [+]
Unemployed Persons 131800.00 124967 116974 119514 125885 122143 [+]
Labor Force Participation Rate 61.60 60.57 60.26 59.93 60.06 60.16 percent [+]
Population 3.12 3.15 3.15 3.17 3.18 3.3 Million [+]
Retirement Age Men 60.00 60 60 60 60 60 [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Employed Persons 1237700.00 1194338 1163799 1181396 1233012 1256835 [+]
Employment Rate 55.60 55.25 55.06 54.3 54.38 54.79 percent [+]
Wages 959.10 983 1012 1007 1027 1052 MNT Thousand/Month [+]
Wages In Manufacturing 1014.46 1082 1105 1129 1160 1414 MNT Thousand/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 5.00 4.7 5.2 5.7 5.4 4 percent [+]
Producer Prices 205.40 215 216 216 216 216 Index Points [+]
Producer Prices Change 73.10 74.19 74.27 74.24 74.25 74.25 percent [+]
Inflation Rate Mom 0.80 0.69 0.84 0.68 0.69 0.71 percent [+]
Consumer Price Index Cpi 159.30 161 162 163 163 169 Index Points [+]
Food Inflation 6.10 8.78 12.22 13.37 13.14 10.93 percent [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 12.00 12 12 10 10 8 percent [+]
Banks Balance Sheet 26687468.70 25506111 25637298 25744095 25831121 26169854 MNT Million [+]
Deposit Interest Rate 13.30 13.5 13.55 13.53 13.5 13.45 percent [+]
Money Supply M1 2584182.10 2602121 2584247 2569889 2555816 2423010 MNT Million [+]
Money Supply M2 13999629.60 14560566 15019751 15199084 15248503 14709944 MNT Million [+]
Interbank Rate 13.63 13.04 13.7 13.45 13.18 12.75 percent [+]
Foreign Exchange Reserves 1362.80 1255 1690 1254 1254 2290 USD Million [+]
Central Bank Balance Sheet 5239692.20 5154990 5162252 5163274 5163237 5163129 MNT Million [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 164.50 134 103 82.58 71.38 9.57 USD Million [+]
Exports 582.00 567 532 517 509 415 USD Million [+]
Imports 417.50 407 396 385 375 300 USD Million [+]
Current Account -98.80 -42.17 -62.8 -59.63 -61.58 -68.75 USD Million [+]
Current Account to GDP -11.20 -19 -19 -22 -22 -7.5 percent [+]
Foreign Direct Investment 12980.40 11932 11627 11341 11074 9194 USD Million [+]
Capital Flows 45.50 21 62 -30 -72 91 USD Million [+]
Gold Reserves 2.13 1.59 1.33 1.58 1.23 1.36 Tonnes [+]
Remittances 9.30 9.32 8.77 8.8 8.86 8.85 USD Million [+]
Crude Oil Production 20.00 19.94 19.91 19.91 19.92 19.92 BBL/D/1K [+]
Terrorism Index 0.00 0 0 0 0 0 [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 77.40 86 86 88 88 80 percent [+]
Government Budget -17.00 -16.14 -18.07 -18.16 -18.24 -19.42 percent of GDP [+]
Government Revenues 2912786.90 3082782 2770928 2940404 2949644 2922066 MNT Million [+]
Military Expenditure 108.90 108 108 108 109 111 USD Million [+]
Government Spending 605668.90 578553 624000 504618 617036 703000 MNT Million [+]
Government Budget Value -412521.43 -268373 -246379 -213421 -220320 -223335 MNT Million [+]
Fiscal Expenditure 3079131.83 4322819 3720849 3856211 3933958 3888271 MNT Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Industrial Production 7.90 6.15 -1.5 8.7 8.71 4.1 percent [+]
Manufacturing Production 6.80 2.39 -3.5 0.91 0.95 3.7 percent [+]
Mining Production 8.80 2.75 5.8 14.48 15.84 12.4 percent [+]
Industrial Production Mom 1.10 2.12 0.5 3.32 3.33 1.1 percent [+]
Ease of Doing Business 64.00 68 68 72 75 76 [+]
Electricity Production 392.99 311 286 280 282 289 Gigawatt-hour [+]
Changes In Inventories 543619.10 373837 319103 324828 314821 302956 MNT Million [+]
Competitiveness Index 3.84 3.85 3.85 3.78 3.76 3.79 Points [+]
Competitiveness Rank 102.00 96 96 106 110 110 [+]
Corruption Index 38.00 37 37 36 36 33 Points [+]
Corruption Rank 87.00 82 85 86 88 90 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Spending 2244952.00 2122553 2127513 2023791 2025298 2021655 MNT Million [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Housing Index 1.00 0.99 0.99 0.99 0.99 0.99 Index Points [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Personal Income Tax Rate 10.00 10 10 10 10 10 percent [+]
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 23.00 23 23 23 23 23 percent [+]
Social Security Rate For Companies 13.00 13 13 13 13 13 percent [+]
Social Security Rate For Employees 10.00 10 10 10 10 10 percent [+]