Gross National Product in Mongolia increased to 28564174.70 MNT Million in 2018 from 23951371.70 MNT Million in 2017. Gross National Product in Mongolia averaged 7443843.24 MNT Million from 1991 until 2018, reaching an all time high of 28564174.70 MNT Million in 2018 and a record low of 12585.90 MNT Million in 1991. This page provides - Mongolia Gross National Product- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mongolia scored 52.61 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Mongolia averaged 15.04 Points from 2007 until 2019, reaching an all time high of 52.94 Points in 2017 and a record low of 3.43 Points in 2010. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Mongolia Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Social Security Rate For Employees in Mongolia stands at 11.50 percent. Social Security Rate For Employees in Mongolia averaged 10.31 percent from 2012 until 2019, reaching an all time high of 11.50 percent in 2019 and a record low of 10 percent in 2013. In Mongolia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Mongolia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Mongolia Social Security Rate For Employees- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Manufacturing Production in Mongolia increased 0.30 percent in December of 2019 over the same month in the previous year. Manufacturing Production in Mongolia averaged 9.11 percent from 2010 until 2019, reaching an all time high of 51.50 percent in October of 2017 and a record low of -26.20 percent in February of 2016. This page provides - Mongolia Manufacturing Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gold Reserves in Mongolia decreased to 17.92 Tonnes in the fourth quarter of 2019 from 20.08 Tonnes in the third quarter of 2019. Gold Reserves in Mongolia averaged 4.04 Tonnes from 2000 until 2019, reaching an all time high of 20.08 Tonnes in the third quarter of 2019 and a record low of 0 Tonnes in the fourth quarter of 2005. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Afghanistan Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Services in Mongolia decreased to 958247.20 MNT Million in the fourth quarter of 2019 from 1024137.90 MNT Million in the third quarter of 2019. GDP From Services in Mongolia averaged 765421.35 MNT Million from 2010 until 2019, reaching an all time high of 1024137.90 MNT Million in the third quarter of 2019 and a record low of 503792.82 MNT Million in the first quarter of 2010. This page provides - Mongolia Gdp From Services- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Mongolia stands at 10 percent. In Mongolia, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labor, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Mongolia. This page provides - Mongolia Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Construction in Mongolia increased to 336901.50 MNT Million in the fourth quarter of 2019 from 137550.40 MNT Million in the third quarter of 2019. GDP From Construction in Mongolia averaged 133133.86 MNT Million from 2010 until 2019, reaching an all time high of 336901.50 MNT Million in the fourth quarter of 2019 and a record low of 5816.01 MNT Million in the first quarter of 2010. This page provides - Mongolia Gdp From Construction- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mongolia recorded a capital and financial account deficit of 126.10 USD Million in March of 2020. Capital Flows in Mongolia averaged -170.14 USD Million from 2009 until 2020, reaching an all time high of 280 USD Million in January of 2015 and a record low of -931.10 USD Million in March of 2012. This page provides - Mongolia Capital Flows- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Manufacturing in Mongolia increased to 547603.20 MNT Million in the fourth quarter of 2019 from 334280 MNT Million in the third quarter of 2019. GDP From Manufacturing in Mongolia averaged 236863.49 MNT Million from 2010 until 2019, reaching an all time high of 547603.20 MNT Million in the fourth quarter of 2019 and a record low of 120048.10 MNT Million in the first quarter of 2010. This page provides - Mongolia Gdp From Manufacturing- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Mongolia decreased to 136 points in February from 143.10 points in January of 2020. Producer Prices in Mongolia averaged 152.24 points from 2015 until 2020, reaching an all time high of 247.50 points in March of 2018 and a record low of 91 points in February of 2016. This page provides - Mongolia Producer Prices- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mongolia recorded a trade deficit of 146.50 USD Million in March of 2020. Balance of Trade in Mongolia averaged -1.22 USD Million from 1997 until 2020, reaching an all time high of 361.60 USD Million in December of 2016 and a record low of -369.80 USD Million in July of 2012. Mongolia exports mineral products (copper, coal, molybdenum, tin, tungsten, and gold), natural or cultured stones, jewelry, cashmere, animal origin products, hides and skins. Mongolia's main exports partner is China (89% of total exports). Others include: Canada and Russia. Mongolia imports mainly mineral products, machinery, equipment, electric appliances, recorders,TV sets & spare parts, vehicles, food products and base metals. Mongolia's main import partners are Russia (22% of total) and China (26%). Others include Japan, USA and Germany. This page provides - Mongolia Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate For Companies in Mongolia stands at 14.50 percent. Social Security Rate For Companies in Mongolia averaged 13.31 percent from 2012 until 2019, reaching an all time high of 14.50 percent in 2019 and a record low of 13 percent in 2013. In Mongolia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Mongolia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Mongolia Social Security Rate For Companies- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The total population in Mongolia was estimated at 3.2 million people in 2019, according to the latest census figures and projections from Trading Economics. Looking back, in the year of 1960, Mongolia had a population of 1.0 million people. The population of Mongolia represents 0.04 percent of the world´s total population which arguably means that one person in every 2491 people on the planet is a resident of Mongolia. This page provides - Mongolia Population - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mongolia is ranked 81 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Mongolia deteriorated to 81 in 2019 from 74 in 2018. Ease of Doing Business in Mongolia averaged 70.75 from 2008 until 2019, reaching an all time high of 89 in 2010 and a record low of 56 in 2008. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Mongolia.

Consumer Spending in Mongolia increased to 3179374.20 MNT Million in the fourth quarter of 2019 from 3080392.70 MNT Million in the third quarter of 2019. Consumer Spending in Mongolia averaged 2098480.06 MNT Million from 2010 until 2019, reaching an all time high of 3179374.20 MNT Million in the fourth quarter of 2019 and a record low of 1280815.70 MNT Million in the first quarter of 2010. This page provides - Mongolia Consumer Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terrorism Index in Mongolia remained unchanged at 0 in 2018 from 0 in 2017. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Government Spending in Mongolia increased to 812407.70 MNT Million in the fourth quarter of 2019 from 529122.50 MNT Million in the third quarter of 2019. Government Spending in Mongolia averaged 507210.60 MNT Million from 2010 until 2019, reaching an all time high of 812407.70 MNT Million in the fourth quarter of 2019 and a record low of 244037.90 MNT Million in the third quarter of 2010. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Mongolia Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The MSE TOP 20 decreased 3082 points or 15.71% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Mongolia. Historically, the Mongolia Stock Market reached an all time high of 26170.54 in December of 2017. The Mongolia Stock Market MSE Top 20 Index is calculated based on the market capitalization and average daily trade of the top 20 securities listed on the Mongolia Stock Exchange.

Retirement Age Men in Mongolia remained unchanged at 60 in 2018 from 60 in 2017. This page provides - Mongolia Retirement Age Men- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labor Force Participation Rate in Mongolia increased to 60.70 percent in the fourth quarter of 2019 from 60.10 percent in the third quarter of 2019. Labor Force Participation Rate in Mongolia averaged 61.65 percent from 2006 until 2019, reaching an all time high of 64.80 percent in the third quarter of 2006 and a record low of 59.20 percent in the second quarter of 2008. The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides - Mongolia Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Agriculture in Mongolia decreased to 601898.60 MNT Million in the fourth quarter of 2019 from 716450.60 MNT Million in the third quarter of 2019. GDP From Agriculture in Mongolia averaged 464355.39 MNT Million from 2010 until 2019, reaching an all time high of 1083025.10 MNT Million in the second quarter of 2019 and a record low of 45958.52 MNT Million in the first quarter of 2011. This page provides - Mongolia Gdp From Agriculture- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mongolia is the 102 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Mongolia averaged 100 from 2007 until 2019, reaching an all time high of 117 in 2010 and a record low of 89 in 2007. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Mongolia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retirement Age Women in Mongolia remained unchanged at 55 in 2018 from 55 in 2017. This page provides - Mongolia Retirement Age Women- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Mongolia decreased to 10.50 percent in December from 11 percent in November of 2019. Deposit Interest Rate in Mongolia averaged 30.11 percent from 1986 until 2019, reaching an all time high of 400 percent in December of 1991 and a record low of 10.20 percent in September of 2011. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Mongolia.

The Sales Tax Rate in Mongolia stands at 10 percent. In Mongolia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Mongolia. This page provides - Mongolia Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate in Mongolia stands at 26 percent. Social Security Rate in Mongolia averaged 23.63 percent from 2012 until 2019, reaching an all time high of 26 percent in 2019 and a record low of 23 percent in 2013. In Mongolia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Mongolia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Mongolia Social Security Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mongolia recorded a Current Account deficit of 327.28 USD Million in March of 2020. Current Account in Mongolia averaged -136.31 USD Million from 1997 until 2020, reaching an all time high of 132.80 USD Million in September of 2006 and a record low of -627.90 USD Million in July of 2012. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Mongolia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Mongolia increased to 11936637.60 MNT Million in December from 10720421.70 MNT Million in November of 2019. Government Revenues in Mongolia averaged 1919288.04 MNT Million from 2000 until 2019, reaching an all time high of 11936637.60 MNT Million in December of 2019 and a record low of 13474.40 MNT Million in January of 2000. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Mongolia Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Mongolia increased to 1826715.70 MNT Million in the fourth quarter of 2019 from 1824142.40 MNT Million in the third quarter of 2019. Gross Fixed Capital Formation in Mongolia averaged 1224354.66 MNT Million from 2010 until 2019, reaching an all time high of 2053778.90 MNT Million in the third quarter of 2013 and a record low of 328910.20 MNT Million in the first quarter of 2010. This page provides - Mongolia Gross Fixed Capital Formation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Mongolia increased by 22311.90 USD Million in the fourth quarter of 2019. Foreign Direct Investment in Mongolia averaged 17751.72 USD Million from 2010 until 2019, reaching an all time high of 22311.90 USD Million in the fourth quarter of 2019 and a record low of 8444.70 USD Million in the fourth quarter of 2010. This page provides the latest reported value for - Mongolia Foreign Direct Investment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Fiscal Expenditure in Mongolia increased to 11429391.80 MNT Million in December from 9200236.50 MNT Million in November of 2019. Fiscal Expenditure in Mongolia averaged 1991891.83 MNT Million from 2000 until 2019, reaching an all time high of 11429391.80 MNT Million in December of 2019 and a record low of 21398.70 MNT Million in January of 2000. This page provides - Mongolia Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances in Mongolia increased to 15.60 USD Million in December from 11.40 USD Million in November of 2019. Remittances in Mongolia averaged 7.46 USD Million from 2009 until 2019, reaching an all time high of 18.61 USD Million in August of 2010 and a record low of -9.01 USD Million in September of 2012. In Mongolia, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Mongolia Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Central Bank Balance Sheet in Mongolia decreased to 3525393.47 MNT Million in December from 3944551.52 MNT Million in November of 2019. Central Bank Balance Sheet in Mongolia averaged 2885476.50 MNT Million from 2000 until 2019, reaching an all time high of 9277479.60 MNT Million in May of 2018 and a record low of 193448.70 MNT Million in February of 2000. This page provides - Mongolia Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The stocks of goods held by firms in Mongolia increased by 411317.10 MNT Million in the third quarter of 2019. Changes In Inventories in Mongolia averaged 349661.75 MNT Million from 2010 until 2019, reaching an all time high of 1068720.90 MNT Million in the fourth quarter of 2013 and a record low of -32428 MNT Million in the first quarter of 2015. This page provides - Mongolia Changes In Inventories- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interbank Rate in Mongolia decreased to 10.84 percent in January from 11 percent in December of 2019. Interbank Rate in Mongolia averaged 11.45 percent from 2010 until 2020, reaching an all time high of 15.96 percent in November of 2016 and a record low of 5.96 percent in January of 2010. The interbank rate is the rate of interest charged on short-term loans made between banks in the local currency. This page provides - Mongolia Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Mongolia increased 10.50 percent in March of 2020 over the same month in the previous year. Food Inflation in Mongolia averaged 10.70 percent from 2007 until 2020, reaching an all time high of 55.90 percent in May of 2008 and a record low of -7.60 percent in August of 2009. This page provides the latest reported value for - Mongolia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The benchmark interest rate in Mongolia was last recorded at 9 percent. Interest Rate in Mongolia averaged 11.70 percent from 2007 until 2020, reaching an all time high of 15 percent in August of 2016 and a record low of 6.40 percent in July of 2007. In Mongolia, interest rates decisions are taken by the Bank of Mongolia (Mongolbank). The official interest rate is the Policy Rate. This page provides the latest reported value for - Mongolia Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Pentwater Capital calls for boardroom change in vehicle developing Oyu Tolgoi

Embassy of India, Ulaanbaatar
Zaluuchuudyn Urgun Chuluu 10,
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Ulaanbaatar 14190,
Mongolia.

Telephone: 00-976-11-329522, 329524, 329528 (Chancery), 329532
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Ambassador
Satbir Singh
Counsellor & HOC
Shri Shailesh Lakhtakia