Mongolia Economic Statistics and Indicators

22, Sep 2018, EDT. Welcome to the Mongolia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Mongolia › Change country
National or Regional Currency: Tugrik, MNT
Year of data: 2015 › Change year
Number of Indicators Listed: 34
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 2,953,190 (July 2014 est.)
Area: total: 1,564,116 sq km ; land: 1,553,556 sq km ; water: 10,560 sq km
Natural Resources: oil, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc, fluorspar, gold, silver, iron
Capital: name: Ulaanbaatar ; geographic coordinates: 47 55 N, 106 55 E ; time difference: UTC+8 (13 hours ahead of Washington, DC, during Standard Time)

Mongolia's extensive mineral deposits and attendant growth in mining-sector activities have transformed Mongolia's economy, which traditionally has been dependent on herding and agriculture. Mongolia's copper, gold, coal, molybdenum, fluorspar, uranium, tin, and tungsten deposits, among others, have attracted foreign direct investment. Soviet assistance, at its height one-third of GDP, disappeared almost overnight in 1990 and 1991 at the time of the dismantlement of the USSR. The following decade saw Mongolia endure both deep recession, because of political inaction and natural disasters, as well as economic growth, because of reform-embracing, free-market economics and extensive privatization of the formerly state-run economy. The country opened a fledgling stock exchange in 1991. Mongolia joined the World Trade Organization in 1997 and seeks to expand its participation in regional economic and trade regimes. Growth averaged nearly 9% per year in 2004-08 largely because of high copper prices globally and new gold production. By late 2008, Mongolia was hit hard by the global financial crisis. Slower global economic growth hurt the country's exports, notably copper, and slashed government revenues. As a result, Mongolia's real economy contracted 1.3% in 2009. In early 2009, the International Monetary Fund reached a $236 million Stand-by Arrangement with Mongolia and the country has largely emerged from the crisis with better regulations and closer supervision. The banking sector strengthened but weaknesses remain. In October 2009, Mongolia passed long-awaited legislation on an investment agreement to develop the Oyu Tolgoi mine, considered to be among the world's largest untapped copper-gold deposits. Mongolia's ongoing dispute with a foreign investor over Oyu Tolgoi, however, has called into question the attractiveness of Mongolia as a destination for foreign direct investment. Negotiations to develop the massive Tavan Tolgoi coal field also have stalled. The economy has grown more than 10% per year since 2010, largely on the strength of commodity exports to nearby countries and high government spending domestically. Mongolia's economy, however, faces near-term economic risks from the government's loose fiscal and monetary policies, which are contributing to high inflation, and from uncertainties in foreign demand for Mongolian exports. Trade with China represents more than half of Mongolia's total external trade - China receives more than 90% of Mongolia's exports and is Mongolia's largest supplier. Mongolia has relied on Russia for energy supplies, leaving it vulnerable to price increases; in the first 11 months of 2013, Mongolia purchased 76% of its gasoline and diesel fuel and a substantial amount of electric power from Russia. A drop in foreign direct investment and a decrease in Chinese demand for Mongolia's mineral exports are putting pressure on Mongolia's balance of payments. Remittances from Mongolians working abroad, particularly in South Korea, are significant.
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Economic Indicator Listing
  For Mongolia in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 2.295 %
GDP (Current Prices, National Currency)MNT 23,166.78 Billion.
GDP (Current Prices, US Dollars)US$ 11.735 Billion
GDP Deflator 146.277 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)MNT 5,333,693.82 .
GDP Per Capita (Current Prices, National Currency)MNT 7,801,942.00 .
GDP Per Capita (Current Prices, US Dollars)US$ 3,951.91
GDP (PPP), US DollarsUS$ 36.068 Billion
GDP Per Capita (PPP), US DollarsUS$ 12,146.64
GDP Share of World Total (PPP) 0.032 %
Implied PPP Conversion Rate 642.313
Investment (% of GDP) 26.211 %
Gross National Savings (% of GDP) 21.654 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 156.43 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 5.889 %
Inflation, End of Year (Indexed to Year 2000) 155.508 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 1.133 %
Import Volume of All Items Including Goods and Services (Percent Change) -29.027 %
Import Volumes of Goods Only (Percent Change) -29.266 %
Export Volume of All Items Including Goods and Services (Percent Change) -18.717 %
Export Volumes of Goods Only (Percent Change) -21.582 %
Unemployment Rate (% of Labour Force) 8.011 %
Population 2.969 Million
General government revenue (National Currency)MNT 5,921.98 Billions.
General government revenue (% of GDP) 25.562 %
General government total expenditure (National Currency)MNT 7,838.95 Billions.
General government total expenditure (% of GDP) 33.837 %
Total Government Net Lending/ Borrowing (National Currency)MNT -1,916.97 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -8.275 %
Fiscal Year Gross Domestic Product, Current PricesMNT 23,166.78 Billions.
Current Account Balance (US Dollars)US$ -0.567 Billion
Current Account Balance (% GDP) -4.833 %
Economic Indicators for Mongolia 2015

GDP (Constant Prices, National Currency) for Mongolia in year 2015 is MNT 15,837.66 Billion.

GDP Growth (Constant Prices, National Currency) for Mongolia in year 2015 is 2.295 %.

GDP (Current Prices, National Currency) for Mongolia in year 2015 is MNT 23,166.78 Billion.

GDP (Current Prices, US Dollars) for Mongolia in year 2015 is US$ 11.735 Billion.

GDP Deflator for Mongolia in year 2015 is 146.277 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Mongolia in year 2015 is MNT 5,333,693.82 .

GDP Per Capita (Current Prices, National Currency) for Mongolia in year 2015 is MNT 7,801,942.00 .

GDP Per Capita (Current Prices, US Dollars) for Mongolia in year 2015 is US$ 3,951.91 .

GDP (PPP), US Dollars for Mongolia in year 2015 is US$ 36.068 Billion.

GDP Per Capita (PPP), US Dollars for Mongolia in year 2015 is US$ 12,146.64 .

GDP Share of World Total (PPP) for Mongolia in year 2015 is 0.032 %.

Implied PPP Conversion Rate for Mongolia in year 2015 is 642.313 .

Investment (% of GDP) for Mongolia in year 2015 is 26.211 %.

Gross National Savings (% of GDP) for Mongolia in year 2015 is 21.654 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Mongolia in year 2015 is 156.43 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Mongolia in year 2015 is 5.889 %.

Inflation, End of Year (Indexed to Year 2000) for Mongolia in year 2015 is 155.508 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Mongolia in year 2015 is 1.133 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Mongolia in year 2015 is -29.027 %.

Import Volumes of Goods Only (Percent Change) for Mongolia in year 2015 is -29.266 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Mongolia in year 2015 is -18.717 %.

Export Volumes of Goods Only (Percent Change) for Mongolia in year 2015 is -21.582 %.

Unemployment Rate (% of Labour Force) for Mongolia in year 2015 is 8.011 %.

Population for Mongolia in year 2015 is 2.969 Million .

General government revenue (National Currency) for Mongolia in year 2015 is MNT 5,921.98 Billions.

General government revenue (% of GDP) for Mongolia in year 2015 is 25.562 %.

General government total expenditure (National Currency) for Mongolia in year 2015 is MNT 7,838.95 Billions.

General government total expenditure (% of GDP) for Mongolia in year 2015 is 33.837 %.

Total Government Net Lending/ Borrowing (National Currency) for Mongolia in year 2015 is MNT -1,916.97 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Mongolia in year 2015 is -8.275 %.

Fiscal Year Gross Domestic Product, Current Prices for Mongolia in year 2015 is MNT 23,166.78 Billions.

Current Account Balance (US Dollars) for Mongolia in year 2015 is US$ -0.567 Billion.

Current Account Balance (% GDP) for Mongolia in year 2015 is -4.833 %.

* Source: IMF
Aggregate Indicators for Mongolia
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Mongolia
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Mongolia
  Natural Resources, Agricultural Products, Land Use and Water Use for Mongolia
  Nationality, Ethnic Groups, Languages and Religions for Mongolia
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Mongolia
  Age Structure, Median Age, Gender and Urbanization for Mongolia
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Mongolia
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Mongolia
  HIV, AIDS and Other Major Infectious Disease Rates for Mongolia
  Literacy Rate, Educational Expenditure and School Life Expectancy for Mongolia
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Mongolia
  Industries and Industrial Growth Production Rate for Mongolia
  Labor Force by Occupation for Mongolia
  Poverty Line, Gini Index, Household Income and Consumption for Mongolia
  National Budget and Public Debt for Mongolia
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Mongolia
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Mongolia
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Mongolia
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Mongolia
  Foreign Exchange Reserves and Gold Reserves for Mongolia
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Mongolia
  Exchange Rate Statistics for Mongolia
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Mongolia
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Mongolia
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Mongolia
  Television and Radio Statistics (TV Stats, Radio Stats) for Mongolia
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Mongolia
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Mongolia
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Mongolia
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Mongolia
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Mongolia
* Source: CIA
Internet Indicators for Mongolia
Indicators
  Number of Internet Users for Mongolia
  Internet Penetration Rate for Mongolia
  Number of Facebook Accounts for Mongolia
  Facebook Penetration Rate for Mongolia
* Source: IWS
Economic Freedom Indicators for Mongolia
Indicators
  Economic Freedom World Rank for Mongolia
  Government Spending for Mongolia
  Monetary Freedom for Mongolia
  Investment Freedom for Mongolia
  Financial Freedom for Mongolia
  Property Rights for Mongolia
  Economic Freedom Regional Ranking for Mongolia
  Freedom from Corruption for Mongolia
  Labor Freedom for Mongolia
  Tariff Rate for Mongolia
  Income Tax Rate for Mongolia
  Corporate Tax Rate for Mongolia
  Tax Burden % of GDP for Mongolia
  Government Expenditure % of GDP for Mongolia
  Business Freedom for Mongolia
  Trade Freedom for Mongolia
  Fiscal Freedom for Mongolia
  2016 Score for Mongolia
* Source: HFO
Mongolia Economic Indicators in other Years
  Mongolia Economic Indicators for Year 2021 (Forecast)
  Mongolia Economic Indicators for Year 2020 (Forecast)
  Mongolia Economic Indicators for Year 2019 (Forecast)
  Mongolia Economic Indicators for Year 2018 (Forecast)
  Mongolia Economic Indicators for Year 2017 (Forecast)
  Mongolia Economic Indicators for Year 2016 (Forecast)
Mongolia Economic Indicators for Year 2015 (Current)
  Mongolia Economic Indicators for Year 2014
  Mongolia Economic Indicators for Year 2013
  Mongolia Economic Indicators for Year 2012
  Mongolia Economic Indicators for Year 2011
  Mongolia Economic Indicators for Year 2010
  Mongolia Economic Indicators for Year 2009
  Mongolia Economic Indicators for Year 2008
  Mongolia Economic Indicators for Year 2007
  Mongolia Economic Indicators for Year 2006
  Mongolia Economic Indicators for Year 2005
  Mongolia Economic Indicators for Year 2004
  Mongolia Economic Indicators for Year 2003
  Mongolia Economic Indicators for Year 2002
  Mongolia Economic Indicators for Year 2001
  Mongolia Economic Indicators for Year 2000
  Mongolia Economic Indicators for Year 1999
  Mongolia Economic Indicators for Year 1998
  Mongolia Economic Indicators for Year 1997
  Mongolia Economic Indicators for Year 1996
  Mongolia Economic Indicators for Year 1995
  Mongolia Economic Indicators for Year 1994
  Mongolia Economic Indicators for Year 1993
  Mongolia Economic Indicators for Year 1992
  Mongolia Economic Indicators for Year 1991
  Mongolia Economic Indicators for Year 1990
  Mongolia Economic Indicators for Year 1989
  Mongolia Economic Indicators for Year 1988
  Mongolia Economic Indicators for Year 1987
  Mongolia Economic Indicators for Year 1986
  Mongolia Economic Indicators for Year 1985
  Mongolia Economic Indicators for Year 1984
  Mongolia Economic Indicators for Year 1983
  Mongolia Economic Indicators for Year 1982
  Mongolia Economic Indicators for Year 1981
  Mongolia Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International