Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2022End of 2021End of 2020SourcesVar ID
Total populationNot available3.35 million3.29 million
WDI
A.1.1
Total number of households  .89 million
Country Editor
A.1.2
Average household size  3.50
Country Editor
A.1.3
Urban population (% of total)Not available68.79% of total68.66% of total
WDI
A.1.4
Urban population growth (annual %)Not available1.8%2.06%
WDI
A.1.5
A.2 Economy
VariableEnd of 2022End of 2021End of 2020SourcesVar ID
GDP, current prices (U.S. dollars)16,833 USD (millions)15,286 USD (millions)13,313 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)48,359 USD (millions)43,104 USD (millions)40,587 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)4,863.02 USD 4,482.85 USD 3,965.1 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)13,970.82 USD 12,640.81 USD 12,088.34 USD
WEO
A.2.4
GDP, constant prices (Percent change)4.85%1.64%-4.56%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)13.23%13.87%2.56%
WEO
A.2.6
GDP, deflator (Index)186.12160.77140.51
WEO
A.2.7
Consumer price indexNot available218.13203.19
WDI
A.2.8
GINI IndexNot availableNot availableNot available
WDI
A.2.9
Median national annual household income  5,093.12 USD
Country Editor
A.2.10
Median urban annual household income  5,847.75 USD/year
Country Editor
A.2.11
Urban minimum wages per month in USD  98.37 USD
Country Editor
A.2.12
Growth in urban household income (%/year)A.2.13
Nominal  -1.44%
Country Editor
A.2.13.1
Real  -7.84%
Country Editor
A.2.13.2
Employment (% of total laborforce)A.2.14
Self-employed  42.99%
Country Editor
A.2.14.1
Informally employed  3.06%
Country Editor
A.2.14.2
Unemployed8.25%7.75%6.59%
Country Editor
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate  11%
Country Editor
A.2.15.1
Yield on 3 months treasury bills  13.85%
IFS
A.2.15.2
Yield on 10-year Government bond  13.84%
IFS
A.2.15.3
Average bank deposit rateNot available6.6%10.26%
IFS
A.2.15.4
Lending rateNot available16.01%16.93%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2022End of 2021End of 2020SourcesVar ID
Number of dwelling units:B.1.1
Total  279,500 millionB.1.1.1
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing  36 sq.mtB.1.3.1
Tenure in urban areas (%):B.1.4
Estimated Number of units completed/yearB.1.5
Formal sector/registered  18,685 units
Country Editor
B.1.5.1
Number of recorded urban housing transactions/year  23968
Country Editor
B.1.6
How complete is this measure for formal sector transactions?  Complete
Country Editor
B.1.7
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2022End of 2021End of 2020SourcesVar ID
Median urban house price in USD:B.2.1
New housing  856.79 USD
Country Editor
B.2.1.1
Existing housing  33,690.12 USD
Country Editor
B.2.1.2
Median house price to median annual HH income:B.2.2
Urban  5.76
Country Editor
B.2.2.1
Capital city  6.57
Country Editor
B.2.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate  -4%
Country Editor
B.2.3.1
M2 construction cost for median quality houseB.2.4
National  732.47 USD/sq.mt
Country Editor
B.2.4.1
Urban  710.77 USD/sq.mt
Country Editor
B.2.4.2
Capital city  710.77 USD/sq.mt
Country Editor
B.2.4.3


back to top | Country Data:
Notes: LTV = 90%
Notes: The seller must pay property tax, which is 2% of gross sales amount of property.
Notes: Between $256 - $340. IMF annual average market exchange rate for 2007 used (MNT 1,170.38 = 1 USD).
Notes: LTV = 90%
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The seller must pay property tax, which is 2% of gross sales amount of property.
Notes: 10% tax return for mortgages up to 30 million MNT ($23,706 USD, using average 2011 exchange rate)
Notes: 10% tax return for mortgages up to 30 million MNT ($23,706 USD, using average 2011 exchange rate)
Notes: 10% tax return for mortgages up to 30 million MNT ($23,706 USD, using average 2011 exchange rate)
Notes: 10% tax return for mortgages up to 30 million MNT ($23,706 USD, using average 2011 exchange rate)
Notes: 10% tax return for mortgages up to 30 million MNT ($23,706 USD, using average 2011 exchange rate)
Notes: 10% tax return for mortgages up to a certain price point
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 2015 = 100
Notes: 70%
Notes: 70%
Notes: 70%
Notes: Actual number is -10.13%
Notes: Actual number is -11.23%
Notes: Actual number is -11.92%
Notes: Actual number is -13.82%
Notes: Actual number is -252.60%
Notes: Actual number is -69.60%
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Average price of 1 sq. m
Notes: Between $256 - $340. IMF annual average market exchange rate for 2007 used (MNT 1,170.38 = 1 USD).
Notes: Between 0.2% and 1.0%
Notes: Between 0.2% and 1.0%
Notes: Between 0.2% and 1.0%
Notes: Between 1 and 12 months.
Notes: Between 1 and 12 months.
Notes: Between 1 and 12 months.
Notes: Between 1 and 12 months.
Notes: Between 1 and 12 months.
Notes: Between 18 and 54 sq. mt
Notes: Between 18 and 54 sq. mt
Notes: Between 18 and 54 sq. mt
Notes: Between 18 and 54 sq. mt
Notes: Between 18 and 54 sq. mt
Notes: Between 2% - 30%.
Notes: Between 2% - 30%.
Notes: Between 2% - 30%.
Notes: Between 2%- 30%
Notes: Between 2%- 30%
Notes: Between 3.47-13.8 USD.
Notes: Between 4.27-17.1 USD.
Notes: Between 8.54-21.36 USD.
Notes: Credit Risk Insurance
Notes: Credit Risk Insurance
Notes: Credit Risk Insurance
Notes: Debt to income - 45%
Notes: Debt to income - 45%
Notes: Debt to income - 45%
Notes: Figure is approximate.
Notes: Figure is approximate.
Notes: Figure is approximate.
Notes: Figure is approximate.
Notes: Figure is approximate.
Notes: Financial aid from domestic and foreign investors selected by the project.
Notes: Financial aid from domestic and foreign investors selected by the project.
Notes: Financial aid from domestic and foreign investors selected by the project.
Notes: From the WEO Estimate Start after 2021
Notes: From the WEO Estimate Start after 2021
Notes: From the WEO Estimate Start after 2021
Notes: From the WEO Estimate Start after 2021
Notes: From the WEO Estimate Start after 2021
Notes: IMF annual average market exchange rate for 2008 used (MNT 1,169.26 = 1 USD).
Notes: IMF annual average market exchange rate for 2008 used (MNT 1,169.26 = 1 USD).
Notes: IMF annual average market exchange rate for 2009 used (MNT 1,345.21 = 1 USD).
Notes: IMF annual average market exchange rate for 2009 used (MNT 1,440.59 = 1 USD).
Notes: IMF annual average market exchange rate for 2009 used (MNT 1,440.59 = 1 USD).
Notes: IMF annual average market exchange rate for 2010 used (MNT 1345.21 = 1 USD).
Notes: IMF annual average market exchange rate for 2011 used (MNT 1,265.52 = 1 USD)
Notes: IMF annual average market exchange rate for 2011 used (MNT 1265.52 = 1 USD).
Notes: IMF average market exchange rate for December 2010 used (MNT 1,345.21 = 1 USD).
Notes: IMF average market exchange rate for December 2011 used (MNT 1,265.52 = 1 USD).
Notes: LTV = 90%
Notes: LTV = 90%
Notes: LTV = 90%
Notes: Mongolian Housing Finance Corporation
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The government of Mongolia and its commissions officially set the monthly minimum wage amount.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The Mongolian National Statistic office does not estimate the median national annual household income. This figure refers to the average estimated household income.
Notes: The National statistics committee of Mongolia has changed 2016's data.
Notes: The seller must pay property tax, which is 2% of gross sales amount of property.
Notes: The seller must pay property tax, which is 2% of gross sales amount of property.
Notes: The seller must pay property tax, which is 2% of gross sales amount of property.
Notes: Treasury bill (Interest rate) for 1 week from Bank of Mongolia (Policy rate)
Notes: Value is 115.71%
Notes: Value is 134.37%
Notes: Value is 279.22%
Notes: Value is 280.20%
Notes: Value is 300.00%
Notes: Value is 300.00%
Notes: Value is 362.50%
Notes: Value is 400.00%