Labor force | 1.389 million (2022 est.) |
---|---|
Industrial production growth rate | -4.52% (2022 est.) |
Industries | construction and construction materials; mining (coal, copper, molybdenum, fluorspar, tin, tungsten, gold); oil; food and beverages; processing of animal products, cashmere and natural fiber manufacturing |
Population below poverty line | 27.8% (2020 est.) |
Taxes and other revenues | 16.91% (of GDP) (2021 est.) |
Fiscal year | |
Exchange rates | |
Currency | togrog/tugriks (MNT) per US dollar - |
Exchange rates 2022 | 3,140.678 (2022 est.) |
Exchange rates 2021 | 2,849.289 (2021 est.) |
Exchange rates 2020 | 2,813.29 (2020 est.) |
Exchange rates 2019 | 2,663.541 (2019 est.) |
Exchange rates 2018 | 2,472.484 (2018 est.) |
Debt - external | |
Debt - external 2019 | $29.945 billion (2019 est.) |
Debt - external 2018 | $28.046 billion (2018 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2022 | $3.398 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $4.38 billion (2021 est.) |
Reserves of foreign exchange and gold 2020 | $4.545 billion (2020 est.) |
Current account balance | |
Current account balance 2022 | -$2.303 billion (2022 est.) |
Current account balance 2021 | -$2.108 billion (2021 est.) |
Current account balance 2020 | -$674.612 million (2020 est.) |
Public debt | |
Public debt 2021 | 67.57% of GDP (2021 est.) |
Public debt 2020 | 73.94% of GDP (2020 est.) |
Public debt 2019 | 60.84% of GDP (2019 est.) |
Budget | |
Revenues | $3.699 billion (2020 est.) |
Expenditures | $4.979 billion (2020 est.) |
Budget surplus (+) or deficit (-) | -6.4% (of GDP) (2017 est.) |
Remittances | |
Remittances 2022 | 2.33% of GDP (2022 est.) |
Remittances 2021 | 3.08% of GDP (2021 est.) |
Remittances 2020 | 4.12% of GDP (2020 est.) |
Household income | |
Lowest 10% | 3.3% |
Highest 10% | 25.7% (2018 est.) |
Imports | |
Imports 2022 | $12.112 billion (2022 est.) |
Imports 2021 | $9.256 billion (2021 est.) |
Imports 2020 | $7.34 billion (2020 est.) |
Imports (partners) | China 36%, Russia 29%, Japan 7%, South Korea 5%, US 3% (2022) |
Comodities Imports force | refined petroleum, cars, trucks, trailers, raw iron bars (2022) |
Exports | |
Imports 2022 | $12.112 billion (2022 est.) |
Imports 2021 | $9.256 billion (2021 est.) |
Imports 2020 | $7.34 billion (2020 est.) |
Exports (partners) | China 78%, Switzerland 15%, Singapore 3%, South Korea 2%, Russia 1% (2022) |
Comodities Exports force | coal, copper ore, gold, animal hair, iron ore (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2022 | $41.029 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $39.063 billion (2021 est.) |
Real GDP (purchasing power parity) 2020 | $38.434 billion (2020 est.) |
GDP (official exchange rate) | $17.146 billion (2022 est.) |
Real GDP Per capita | |
Real GDP per capita 2022 | $12,100 (2022 est.) |
Real GDP per capita 2021 | $11,700 (2021 est.) |
Real GDP per capita 2020 | $11,700 (2020 est.) |
GDP - composition, by sector of origin | |
Agriculture | 12.1% (2017 est.) |
Industry | 38.2% (2017 est.) |
Services | 49.7% (2017 est.) |
GDP - composition, by end use | |
Household consumption | 49.2% (2017 est.) |
Government consumption | 12.3% (2017 est.) |
Investment in fixed capital | 23.8% (2017 est.) |
Investment in inventories | 12.4% (2017 est.) |
Exports of goods and services | 59.5% (2017 est.) |
Imports of goods and services | -57.1% (2017 est.) |
Unemployment rate | |
Unemployment rate 2022 | 6.21% (2022 est.) |
Unemployment rate 2021 | 7.75% (2021 est.) |
Unemployment rate 2020 | 6.59% (2020 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 21% (2021 est.) |
Male | 20.1% |
Female | 22.4% |
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