Markets Actual Q3 Q4 Q1 Q2 2023
Stock Market (points) 33175.48 31872 30618 29417 28259 26080
Currency 3120.00 3143 3166 3190 3213 3261

Overview Actual Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) -3.80 4 5.5 5.5 5.5 6
Unemployment Rate (%) 8.10 7.8 7.5 7.5 7.5 7
Inflation Rate (%) 15.10 13.5 10.5 7 5 7
Interest Rate (%) 10.00 12 10.5 10.5 10 7
Balance of Trade (USD Million) 496.50 35 35 35 35 35
Current Account (USD Million) -238.54 -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 Q3 Q4 Q1 Q2 2023
GDP Annual Growth Rate (%) -3.80 4 5.5 5.5 5.5 6
GDP (USD Billion) 13.14 13.7 14 14 14 14
Gross Fixed Capital Formation (MNT Million) 2294725.10 1572718 1920274 2177715 2420935 2566191
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 34760300 34421175 35268987 35777675 37924335
GDP Constant Prices (MNT Million) 7524485.88 5554506 7237897 7238091 7938333 8414633
GDP From Agriculture (MNT Million) 733319.40 223577 1771654 1144285 773652 820071
GDP From Construction (MNT Million) 381767.60 67798 130460 149840 402765 426931
GDP From Manufacturing (MNT Million) 894012.70 410520 444688 521925 943183 999774
GDP From Mining (MNT Million) 1132962.60 915519 741910 1010786 1195276 1266992
GDP From Services (MNT Million) 2093419.00 1901454 1914841 2063596 2208557 2341070
GDP From Transport (MNT Million) 391994.30 211849 165314 303618 413554 438367
GDP From Utilities (MNT Million) 236636.80 228027 152479 132346 249652 264631

Labour Actual Q3 Q4 Q1 Q2 2023
Unemployment Rate (%) 8.10 7.8 7.5 7.5 7.5 7
Unemployed Persons 99393.00 120000 120000 120000 120000 120000
Labor Force Participation Rate (%) 58.30 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 (%) 53.60 55.5 55.5 55.5 55.5 55.5
Wages (MNT Thousand/Month) 1438.20 1110 1110 1110 1110 1110
Wages In Manufacturing (MNT Thousand/Month) 1411.40 1250 1250 1250 1250 1250

Prices Actual Q3 Q4 Q1 Q2 2023
Inflation Rate (%) 15.10 13.5 10.5 7 5 7
Inflation Rate Mom (%) 1.40 0.8 0.8 0.8 0.8 0.6
Producer Prices (points) 220.74 181 180 217 239 236
Producer Prices Change (%) 43.30 8.5 8.5 8.5 8.5 8.5
Food Inflation (%) 18.00 18 16.7 14 12 10
Consumer Price Index CPI (points) 152.80 152 155 156 158 167

Money Actual Q3 Q4 Q1 Q2 2023
Interest Rate (%) 10.00 12 10.5 10.5 10 7
Interbank Rate (%) 7.36 10.36 10.36 8.86 8.86 5.86
Banks Balance Sheet (MNT Million) 40022594.55 42689312 44499143 44499143 44499143 44499143
Deposit Interest Rate (%) 6.70 9.7 9.7 8.2 8.2 5.2
Foreign Exchange Reserves (USD Million) 3684.90 5022 5522 5522 5522 5522
Central Bank Balance Sheet (MNT Million) 12902784.90 7510000 7510000 7510000 7510000 7510000
Money Supply M2 (MNT Million) 27435256.27 23287448 24558882 24558882 24558882 24558882

Trade Actual Q3 Q4 Q1 Q2 2023
Balance of Trade (USD Million) 496.50 35 35 35 35 35
Current Account (USD Million) -238.54 -200 -200 -200 -200 -200
Current Account to GDP (% of GDP) -12.30 -10 -10 -10 -10 -5.5
Imports (USD Million) 787.93 522 522 522 522 522
Exports (USD Million) 1284.38 557 557 557 557 557
Foreign Direct Investment (USD Million) 24205.70 29017 29629 29629 29629 29629
Gold Reserves (Tonnes) 7.64 3.3 3.3 3.3 3.3 3.3

Government Actual Q3 Q4 Q1 Q2 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) 2066072.80 972563 1195126 1024463 2179707 2310489
Government Budget Value (MNT Million) -254654.30 -840000 -840000 -840000 -840000 -840000
Military Expenditure (USD Million) 107.00 90.4 90.4 90.4 90.4 90.4

Taxes Actual Q3 Q4 Q1 Q2 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 Q3 Q4 Q1 Q2 2023
Industrial Production (%) -32.50 5 5 5 5 5
Manufacturing Production (%) -18.80 3.7 3.7 3.7 3.7 3.7
Industrial Production Mom (%) -11.80 1.1 1.1 1.1 1.1 1.1
Electricity Production (Gigawatt-hour) 684.80 701 726 726 726 726
Changes In Inventories (MNT Million) 121634.50 355000 355000 355000 355000 355000
Mining Production (%) -39.60 12.4 12.4 12.4 12.4 12.4

Consumer Actual Q3 Q4 Q1 Q2 2023
Consumer Spending (MNT Million) 4228249.40 4201124 4285278 4586290 4460803 4728451


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 Sunday, July 3, 2022.