Markets Actual Q1 Q2 Q3 Q4 2023
Stock Market (points) 42770.16 40781 38887 37077 35354 32144
Currency 2836.00 2836 2847 2858 2869 2892

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 3.60 1.5 1.5 4 5.5 6
Unemployment Rate (%) 8.40 7.5 7.5 7.8 7.5 7
Inflation Rate (%) 13.40 8.5 8 7.5 7.5 7
Interest Rate (%) 6.00 6.25 6.5 6.5 7 7
Balance of Trade (USD Million) 763.50 350 35 35 35 35
Current Account (USD Million) 464.43 -200 -200 -200 -200 -200
Current Account to GDP (% of GDP) -12.30 -10 -10 -10 -10 -5.5
Government Debt to GDP (% of GDP) 66.00 82 82 82 82 82
Government Budget (% of GDP) -11.50 -5 -5 -5 -5 -4
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 10.00 10 10 10 10 10

GDP Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 3.60 1.5 1.5 4 5.5 6
GDP (USD Billion) 13.14 13.7 13.7 13.7 14 14
Gross Fixed Capital Formation (MNT Million) 1402597.70 1993432 1423637 1423637 1458702 1391153
GDP per capita (USD) 4077.74 4970 4970 4970 4970 4970
GDP per capita PPP (USD) 11470.67 12332 12332 12332 12332 12332
Gross National Product (MNT Million) 33912487.90 28248101 34421175 34421175 35268987 36529006
GDP Constant Prices (MNT Million) 3830293.50 6112420 3887748 3887748 3983505 5832741
GDP From Agriculture (MNT Million) 143189.70 566778 145338 145338 148917 581290
GDP From Construction (MNT Million) 44252.30 315486 44916 44916 46022 339876
GDP From Manufacturing (MNT Million) 252631.70 547786 256421 256421 262737 659183
GDP From Mining (MNT Million) 861972.10 1487973 874902 874902 896451 1399667
GDP From Services (MNT Million) 960722.80 1046774 975134 975134 999152 948134
GDP From Transport (MNT Million) 177991.90 664861 180662 180662 185112 512405
GDP From Utilities (MNT Million) 117810.20 116072 119577 119577 122523 117997

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 8.40 7.5 7.5 7.8 7.5 7
Unemployed Persons 101278.00 120000 120000 120000 120000 120000
Labor Force Participation Rate (%) 56.80 62.5 62.5 62.5 62.5 62.5
Population (Million) 3.27 3.48 3.48 3.48 3.48 3.48
Retirement Age Men 60.00 60 60 60 60 60
Retirement Age Women 55.00 55 55 55 55 55
Employment Rate (%) 52.10 55.5 55.5 55.5 55.5 55.5
Wages (MNT Thousand/Month) 1330.40 1110 1110 1110 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1253.00 1250 1250 1250 1250 1250

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 13.40 8.5 8 7.5 7.5 7
Inflation Rate Mom (%) 2.10 0.85 0.8 0.8 0.8 0.6
Producer Prices (points) 176.80 163 181 180 192 208
Producer Prices Change (%) 32.00 18.5 10.5 8.5 8.5 8.5
Food Inflation (%) 18.70 15 12 12 12 10
Consumer Price Index CPI (points) 138.70 140 144 146 149 160

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 6.00 6.25 6.5 6.5 7 7
Interbank Rate (%) 6.08 6.33 6.58 6.58 7.08 7.08
Banks Balance Sheet (MNT Million) 39684106.19 42689312 42689312 42689312 44499143 44499143
Deposit Interest Rate (%) 5.40 5.65 5.9 5.9 6.4 6.4
Foreign Exchange Reserves (USD Million) 4433.90 5022 5022 5022 5522 5522
Central Bank Balance Sheet (MNT Million) 14733684.90 7510000 7510000 7510000 7510000 7510000
Money Supply M2 (MNT Million) 26996932.70 23287448 23287448 23287448 24558882 24558882

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Million) 763.50 350 35 35 35 35
Current Account (USD Million) 464.43 -200 -200 -200 -200 -200
Current Account to GDP (% of GDP) -12.30 -10 -10 -10 -10 -5.5
Imports (USD Million) 542.70 522 522 522 522 522
Exports (USD Million) 1306.30 557 557 557 557 557
Foreign Direct Investment (USD Million) 24205.70 29017 29017 29017 29629 29629
Gold Reserves (Tonnes) 13.89 3.3 3.3 3.3 3.3 3.3

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 66.00 82 82 82 82 82
Government Budget (% of GDP) -11.50 -5 -5 -5 -5 -4
Government Spending (MNT Million) 616331.80 768333 625577 625577 640985 1053460
Government Budget Value (MNT Million) -830623.10 -840000 -840000 -840000 -840000 -840000
Military Expenditure (USD Million) 107.00 90.4 90.4 90.4 90.4 90.4

Taxes Actual Q1 Q2 Q3 Q4 2023
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 10.00 10 10 10 10 10
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 28.00 23 23 23 23 23
Social Security Rate For Companies (%) 15.50 13 13 13 13 13
Social Security Rate For Employees (%) 12.50 10 10 10 10 10

Business Actual Q1 Q2 Q3 Q4 2023
Industrial Production (%) 19.60 5 5 5 5 5
Manufacturing Production (%) 0.60 3.7 3.7 3.7 3.7 3.7
Industrial Production Mom (%) 9.10 1.1 1.1 1.1 1.1 1.1
Electricity Production (Gigawatt-hour) 507.30 701 701 701 726 726
Changes In Inventories (MNT Million) 95204.30 355000 355000 355000 355000 355000
Mining Production (%) -7.60 12.4 12.4 12.4 12.4 12.4

Consumer Actual Q1 Q2 Q3 Q4 2023
Consumer Spending (MNT Million) 2638839.70 2849115 2678422 2678422 2744393 3140952


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Mongolia Forecast - was last updated on Wednesday, January 19, 2022.