Macro-economic Data

Text bolded/green below shows notes and variable definitions when you roll over. If you cannot see the notes, please download an Excel version from the Research Center, which includes notes. Also, a PDF featuring variable definitions is available in the document list under "Definition of Hofinet Variables".

 

A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Total population3.08 million3.03 million2.98 million
WDI
A.1.1
Total number of households.89 million.87 million.86 million
Country Editor
A.1.2
Average household size3.473.483.47
Country Editor
A.1.3
Urban population (% of total)73.57% of total72.82% of total72.04% of total
WDI
A.1.4
Urban population growth (annual %)2.6%2.76%2.94%
WDI
A.1.5
A.2 Economy
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
GDP, current prices (U.S. dollars)11,135 USD (millions)11,053 USD (millions)11,726 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)39,704 USD (millions)37,093 USD (millions)36,175 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)3,639.89 USD 3,667.39 USD 3,949.03 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)12,978.56 USD 12,306.91 USD 12,182.69 USD
WEO
A.2.4
GDP, constant prices (Percent change)5.15%1.24%2.38%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)7.23%.9%1.13%
WEO
A.2.6
GDP, deflator (Index)161.00149.15146.05
WEO
A.2.7
Consumer price index172.21165.51163.78
WDI
A.2.8
GINI IndexNot availableNot availableNot available
WDI
A.2.9
Median national annual household income5,093.12 USD 5,267.43 USD 6,378.21 USD
Country Editor
A.2.10
Median urban annual household income5,847.75 USD/year5,933.09 USD/year6,825.52 USD/year
Country Editor
A.2.11
Urban minimum wages per month in USD98.37 USD 112.13 USD 97.45 USD
Country Editor
A.2.12
Growth in urban household income (%/year)A.2.13
NominalNot availableNot availableNot available
Country Editor
A.2.13.1
RealNot availableNot availableNot available
Country Editor
A.2.13.2
Employment (% of total laborforce)A.2.14
Self-employed42.99%43.6%47%
Country Editor
A.2.14.1
Informally employed3.06%2.7%1.8%
Country Editor
A.2.14.2
Unemployed8.8%10%7.5%
Country Editor
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate11%13%13%
Country Editor
A.2.15.1
Yield on 3 months treasury bills13.85%15.01%14.52%
IFS
A.2.15.2
Yield on 10-year Government bond13.84%16.33%15.43%
IFS
A.2.15.3
Average bank deposit rate12.96%13.27%12.98%
IFS
A.2.15.4
Lending rate20.01%19.74%19.56%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2017End of 2016End of 2015SourcesVar 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/registered18,685 units19,076 units23,729 units
Country Editor
B.1.5.1
Number of recorded urban housing transactions/year239682397516400
Country Editor
B.1.6
How complete is this measure for formal sector transactions?CompleteCompleteComplete
Country Editor
B.1.7
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2017End of 2016End of 2015SourcesVar ID
Median urban house price in USD:B.2.1
New housing856.79 USD 953.6 USD 1,074.49 USD
Country Editor
B.2.1.1
Existing housing33,690.12 USD 39,753.53 USD 49,696.04 USD
Country Editor
B.2.1.2
Median house price to median annual HH income:B.2.2
Urban5.766.707.28
Country Editor
B.2.2.1
Capital city6.576.707.08
Country Editor
B.2.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate-4%-4.36%-11.86%
Country Editor
B.2.3.1
M2 construction cost for median quality houseB.2.4
National732.47 USD/sq.mt664.37 USD/sq.mt689.14 USD/sq.mt
Country Editor
B.2.4.1
Urban710.77 USD/sq.mt644.69 USD/sq.mt668.72 USD/sq.mt
Country Editor
B.2.4.2
Capital city710.77 USD/sq.mt644.69 USD/sq.mt668.72 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: 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: 70%
Notes: 70%
Notes: 70%
Notes: Actual number is -1.44%
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 -7.84%
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: 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 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)