Population: 2.8 million in 20131
GDP: $11.5 billion in 20132
GDP per capita: $4,056 nominal3 ($9,433 PPP4) in 2013
GDP growth rate: 11.7% in 20135
GDP by Industry 20126
Industry sector | Value added ($ millions) 2012 | Percent of total |
Mining and utilities | 2,039 | 27.4% |
Other activities | 1,932 | 25.9% |
Agriculture, hunting, forestry, fishing | 1,079 | 14.5% |
Wholesale, retail trade, restaurants and hotels | 881 | 11.8% |
Transport, storage and communication | 854 | 11.5% |
Manufacturing | 526 | 7.1% |
Construction | 137 | 1.8% |
Total value added | 7,447 | 100% |
Unemployment rate: 4.9% in 20137
Employment by Industry 20118
Employment sector | Percent of total |
Services | 56% |
Industry | 33% |
Agriculture | 11% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $27 billion (234% of GDP) in 201410
Household Wealth per Adult: $14,166 in 201410
Gini Coefficient: .365 in 201311
Central Government
Central Government Revenue: $3.5 billion (30% of GDP) in 201312
Central Government Expenditure: $4.3 billion (37% of GDP) in 201312
Central Government Budget Balance: +$0.8 billion (-7% of GDP) in 201312
Central Government Public Debt: N/A
Central Government 10 Year Bond Interest Rate: 5.13% in Nov 201213
Government Funds
Tax Structure
Individual Income Tax Rates and Thresholds: N/A
Corporate Tax Rate: 25% in 201414
Money Supply (M1): $925 million (8% of GDP) in Dec 2014* 15
Benchmark Interest Rate: Policy Rate = 13.0% in Feb 201516
Total Reserves: $2.2 billion (19% of GDP) in 201317
Exchange Rate: 1,963 Mongolian Tughrik = 1 U.S. Dollar on Feb 17, 201318
Inflation: 9.2% in 201319
* Money supply calculated using the exchange rate 1,963 MNT = 1 USD
Top 10 Financial Institutions by Assets 201320
N/A (data not available at Relbanks.com)
Exports: $4.3 billion (37% of GDP) in 201321
Imports: $5.7 billion (49% of GDP) in 201321
Trade Balance: -$1.4 billion (-12% of GDP) in 201321
Foreign Direct Investment Inflow: $2.1 billion (18% of GDP) in 201322
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: $449 million (4% of GDP) in 201223
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Wall Street Journal (Government bond yield) Go back
14. Source: Tax Foundation (Corporate tax rate) Go back
15. Source: Bank of Mongolia, Monetary Indicators (Money supply) Go back
16. Source: Bank of Mongolia (Benchmark interest rate) Go back
17. Source: World Bank Indicators (Total reserves) Go back
18. Source: xe.com (Exchange rate) Go back
19. Source: World Bank Indicators (Inflation rate) Go back
20. Source: Relbanks.com (Financial institutions by assets) Go back
21. Source: CIA World Factbook (Trade data) Go back
22. Source: World Bank Indicators (FDI data) Go back
23. Source: World Bank Indicators (Aid data) Go back