Mongolia Private Consumption: % of GDP

2010 - 2024 | Quarterly | % | CEIC Data

Key information about Mongolia Private Consumption: % of GDP

  • Mongolia Private Consumption accounted for 53.3 % of its Nominal GDP in Sep 2024, compared with a ratio of 48.4 % in the previous quarter.
  • Mongolia Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 2010 to Sep 2024, with an average share of 53.8 %.
  • The data reached an all-time high of 80.0 % in Mar 2020 and a record low of 36.3 % in Dec 2023.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. The National Statistics Office of Mongolia provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Mongolia Private Consumption: % of GDP

  • In the latest reports, Mongolia GDP expanded 7.9 % YoY in Mar 2023.
  • Its Nominal GDP reached 3.9 USD bn in Mar 2023.
  • Mongolia GDP Per Capita reached 4,868.5 USD in Dec 2022.
  • Its Gross Savings Rate was measured at 36.7 % in Mar 2023.

View Mongolia's Private Consumption: % of GDP from Mar 2010 to Sep 2024 in the chart:

Mongolia Private Consumption: % of GDP

What was Mongolia's Private Consumption: % of GDP in Sep 2024?

Mongolia Private Consumption accounted for 53.3 % of its Nominal GDP in Sep 2024, compared with a ratio of 48.4 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
53.3 Sep 2024 48.4 Jun 2024 36.3 Dec 2023 80.0 Mar 2020 % quarterly Mar 2010 - Sep 2024

Private Consumption: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 73.3 Sep 2022 quarterly Mar 2008 - Sep 2022
Algeria (%) 41.2 2023 yearly 1950 - 2023
Argentina (%) 66.8 Sep 2024 quarterly Mar 1993 - Sep 2024
Armenia (%) 68.1 Sep 2024 quarterly Dec 1994 - Sep 2024
Australia (%) 51.8 Sep 2024 quarterly Sep 1959 - Sep 2024
Austria (%) 54.2 Sep 2024 quarterly Mar 1988 - Sep 2024
Azerbaijan (%) 44.0 Sep 2022 quarterly Mar 2001 - Sep 2022
Bahrain (%) 39.0 2023 yearly 1975 - 2023
Bangladesh (%) 66.8 2024 yearly 1973 - 2024
Belarus (%) 55.4 Sep 2024 quarterly Mar 1994 - Sep 2024
Belgium (%) 51.6 Jun 2024 quarterly Mar 1980 - Jun 2024
Bolivia (%) 62.8 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) 58.7 Sep 2024 quarterly Mar 2008 - Sep 2024
Botswana (%) 46.3 Sep 2024 quarterly Mar 2006 - Sep 2024
Brazil (%) 64.1 Sep 2024 quarterly Mar 1996 - Sep 2024
Brunei (%) 29.4 Sep 2024 quarterly Mar 2004 - Sep 2024
Bulgaria (%) 62.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Cambodia (%) 60.0 2022 yearly 1993 - 2022
Canada (%) 54.1 Sep 2024 quarterly Mar 1961 - Sep 2024
Chile (%) 65.2 Sep 2022 quarterly Mar 1996 - Sep 2022
China (%) 39.2 2023 yearly 1952 - 2023
Colombia (%) 74.5 Sep 2024 quarterly Mar 2005 - Sep 2024
Croatia (%) 49.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Cyprus (%) 57.5 Sep 2024 quarterly Mar 1995 - Sep 2024
Czech Republic (%) 45.9 Dec 2022 quarterly Mar 1995 - Dec 2022
Denmark (%) 43.5 Sep 2024 quarterly Mar 1990 - Sep 2024
Ecuador (%) 63.1 Mar 2023 quarterly Mar 1991 - Mar 2023
Egypt (%) 97.7 Sep 2024 quarterly Sep 2001 - Sep 2024
Estonia (%) 52.3 Sep 2024 quarterly Mar 1993 - Sep 2024
European Union (%) 53.2 Sep 2024 quarterly Mar 1995 - Sep 2024
Finland (%) 51.2 Sep 2024 quarterly Mar 1975 - Sep 2024
France (%) 54.9 Sep 2024 quarterly Mar 1980 - Sep 2024
Georgia (%) 65.1 Sep 2024 quarterly Mar 1996 - Sep 2024
Germany (%) 53.2 Jun 2024 quarterly Mar 1991 - Jun 2024
Ghana (%) 84.2 2023 yearly 2006 - 2023
Greece (%) 66.3 Sep 2024 quarterly Mar 1995 - Sep 2024
Hong Kong SAR, China (%) 64.9 Sep 2024 quarterly Mar 1973 - Sep 2024
Hungary (%) 50.3 Dec 2022 quarterly Mar 1995 - Dec 2022
Iceland (%) 51.0 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) 62.0 Sep 2024 quarterly Jun 1996 - Sep 2024
Indonesia (%) 54.4 Sep 2024 quarterly Mar 1993 - Sep 2024
Iran (%) 45.2 Mar 2022 quarterly Jun 1988 - Mar 2022
Ireland (%) 29.2 Sep 2024 quarterly Mar 1995 - Sep 2024
Israel (%) 50.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Italy (%) 58.6 Dec 2022 quarterly Mar 1980 - Dec 2022
Ivory Coast (%) 65.8 2023 yearly 1960 - 2023
Japan (%) 55.1 Sep 2024 quarterly Mar 1980 - Sep 2024
Jordan (%) 78.7 2023 yearly 1962 - 2023
Kazakhstan (%) 46.5 Sep 2022 quarterly Mar 1994 - Sep 2022
Kenya (%) 76.2 2023 yearly 1969 - 2023
South Korea (%) 48.5 Sep 2024 quarterly Mar 1960 - Sep 2024
Kosovo (%) 72.5 Sep 2022 quarterly Mar 2010 - Sep 2022
Kuwait (%) 32.6 2022 yearly 1962 - 2022
Kyrgyzstan (%) 84.8 Sep 2023 quarterly Mar 2000 - Sep 2023
Laos (%) 64.4 2016 yearly 2000 - 2016
Latvia (%) 62.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Lebanon (%) 118.8 2021 yearly 1990 - 2021
Lithuania (%) 60.7 Dec 2022 quarterly Mar 1993 - Dec 2022
Luxembourg (%) 31.2 Sep 2022 quarterly Mar 1995 - Sep 2022
Macau SAR, China (%) 28.9 Sep 2024 quarterly Mar 1998 - Sep 2024
North Macedonia (%) 67.1 Dec 2022 quarterly Mar 2000 - Dec 2022
Malawi (%) 79.2 2019 yearly 1960 - 2019
Malaysia (%) 62.7 Sep 2024 quarterly Mar 1991 - Sep 2024
Malta (%) 47.6 Sep 2024 quarterly Mar 1992 - Sep 2024
Mauritius (%) 66.7 Sep 2024 quarterly Mar 1999 - Sep 2024
Mexico (%) 70.9 Sep 2024 quarterly Mar 1993 - Sep 2024
Moldova (%) 87.9 Sep 2024 quarterly Mar 1995 - Sep 2024
Mongolia (%) 53.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Montenegro (%) 77.1 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) 56.7 Jun 2024 quarterly Mar 2007 - Jun 2024
Mozambique (%) 78.0 2023 yearly 1969 - 2022
Nepal (%) 86.1 2024 yearly 1975 - 2024
Netherlands (%) 44.3 Sep 2024 quarterly Mar 1977 - Sep 2024
New Zealand (%) 59.9 Sep 2024 quarterly Jun 1987 - Sep 2024
Nigeria (%) 61.2 2023 yearly 1981 - 2023
Norway (%) 39.7 Sep 2024 quarterly Mar 1978 - Sep 2024
Oman (%) 36.8 2023 yearly 1980 - 2023
Pakistan (%) 85.2 2024 yearly 1967 - 2024
Palestinian Territory (%) 97.4 Sep 2024 quarterly Mar 2011 - Sep 2024
Panama (%) 48.7 2022 yearly 1996 - 2022
Paraguay (%) 68.6 Sep 2024 quarterly Mar 1994 - Sep 2024
Peru (%) 62.1 Sep 2024 quarterly Mar 1980 - Sep 2024
Philippines (%) 78.6 Sep 2024 quarterly Mar 1981 - Sep 2024
Poland (%) 60.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Portugal (%) 57.6 Sep 2024 quarterly Mar 1995 - Sep 2024
Qatar (%) 20.6 Dec 2022 quarterly Mar 2013 - Dec 2022
Romania (%) 58.9 Sep 2024 quarterly Mar 1995 - Sep 2024
Russia (%) 50.8 Sep 2024 quarterly Mar 1993 - Sep 2024
Saudi Arabia (%) 42.8 Sep 2024 quarterly Mar 2003 - Sep 2024
Serbia (%) 66.2 Dec 2022 quarterly Mar 1995 - Dec 2022
Singapore (%) 31.3 2023 yearly 1960 - 2023
Slovakia (%) 61.9 Dec 2022 quarterly Mar 1993 - Dec 2022
Slovenia (%) 52.0 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) 64.7 Sep 2024 quarterly Mar 1960 - Sep 2024
Spain (%) 56.2 Sep 2024 quarterly Mar 1980 - Sep 2024
Sri Lanka (%) 73.3 Sep 2024 quarterly Mar 2010 - Sep 2024
Sudan (%) 77.8 2016 yearly 1976 - 2016
Sweden (%) 46.5 Sep 2024 quarterly Mar 1980 - Sep 2024
Switzerland (%) 50.9 Sep 2024 quarterly Mar 1980 - Sep 2024
Syria (%) 114.8 2022 yearly 1970 - 2022

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Mongolia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.1 Sep 2024 quarterly Dec 2000 - Sep 2024
Consolidated Fiscal Balance (USD mn) -44.052 Nov 2024 monthly Jan 2000 - Nov 2024
Tax Revenue (USD mn) 495.058 Nov 2024 monthly Jan 2000 - Nov 2024
Tax Revenue: % of GDP (%) 29.0 Sep 2024 quarterly Mar 2000 - Sep 2024
Government Debt: % of GDP (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Forecast: Government Expenditure (MNT bn) 56,654.300 2029 yearly 1981 - 2029
Forecast: Government Net Debt (MNT bn) 73,520.949 2029 yearly 2006 - 2029
Forecast: Government Revenue (MNT bn) 53,969.915 2029 yearly 1981 - 2029
General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 1,010,380.321 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Net Lending (MNT mn) 334,797.320 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 5,170,239.141 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 19,190,650.839 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 5,178,968.689 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Expenditure (MNT mn) 24,369,619.528 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Balance: ytd (MNT mn) 1,372,659.990 Nov 2024 monthly Dec 1999 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
Trade Balance (USD mn) 407.3 Nov 2024 monthly Jan 1997 - Nov 2024
Total Exports (USD mn) 1,402.4 Nov 2024 monthly Jan 1997 - Nov 2024
Total Exports Growth (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
Aluminum: Exports (USD th) 14,124.169 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 104.261 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 4,949.388 2023 yearly 1995 - 2023
Total Imports (USD mn) 995.2 Nov 2024 monthly Jan 1997 - Nov 2024
Total Imports Growth (%) 21.3 Nov 2024 monthly Jan 1998 - Nov 2024
Imports: Medicament (USD th) 149,447.781 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 98,630.694 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 1.691 Nov 2024 monthly Dec 1999 - Nov 2024
Total Imports from USA (USD mn) 38.612 Nov 2024 monthly Dec 1999 - Nov 2024
Total Exports to China (USD mn) 1,305.571 Nov 2024 monthly Dec 1999 - Nov 2024
Total Imports from China (USD mn) 433.624 Nov 2024 monthly Dec 1999 - Nov 2024
Exports: Textiles and Textile Articles (USD th) 13,512.690 Nov 2024 monthly Dec 1999 - Nov 2024
Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
Exports: Live Animals and Products of Animal Origin (USD th) 28,741.043 Nov 2024 monthly Dec 1999 - Nov 2024
Exports: Mineral Products (USD th) 1,253,318.627 Nov 2024 monthly Dec 1999 - Nov 2024
Exports: Asia: North Eastern: ow China (USD th) 1,307,073.022 Nov 2024 monthly Dec 1999 - Nov 2024
Exports: Europe: European Union: ow United Kingdom (USD th) 278.983 Nov 2024 monthly Dec 1999 - Nov 2024
Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 196,456.186 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: Mineral Products (USD th) 182,124.284 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: Base Metals and Articles Thereof (USD th) 71,319.579 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 254,171.327 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: Food Products (USD th) 74,720.323 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: Asia: North Eastern: ow Republic of Korea (USD th) 44,438.819 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: America: ow USA (USD th) 38,611.879 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: Europe: Others: ow Russian Federation (USD th) 214,110.138 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: Asia: North Eastern: ow China (USD th) 435,463.201 Nov 2024 monthly Dec 1999 - Nov 2024
Imports: Asia: North Eastern: ow Japan (USD th) 100,838.095 Nov 2024 monthly Dec 1999 - Nov 2024
Export Value Index (2015=100) 198.040 2021 yearly 1980 - 2021
Import Value Index (2015=100) 180.345 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 109.807 2021 yearly 2000 - 2021
Import Volume Index (2015=100) 147.693 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1.2 Sep 2024 monthly Jan 2009 - Sep 2024
Current Account Balance (USD mn) -524.3 Sep 2024 monthly Jan 2009 - Sep 2024
Current Account Balance: % of GDP (%) -14.1 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Direct Investment (USD mn) 177.5 Sep 2024 monthly Jan 2009 - Sep 2024
Foreign Direct Investment: % of GDP (%) 9.7 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Portfolio Investment (USD mn) 52.834 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 1.0 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 2.6 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 50.259 Sep 2024 quarterly Mar 1998 - Sep 2024
External Debt (USD mn) 34,867.3 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: % of GDP (%) 170.1 2023 yearly 1992 - 2023
External Debt: Short Term (USD mn) 1,888.9 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: Short Term: % of GDP (%) 9.3 2023 yearly 1992 - 2023
Forecast: Current Account Balance (USD bn) -3.388 2029 yearly 1991 - 2029
Net International Investment Position (USD mn) -42,853.261 Sep 2024 quarterly Dec 2010 - Sep 2024
Balance of Payments (BoP): Current Account (CA) (USD mn) -127.606 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Capital Account (USD mn) 12.942 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Secondary Income (USD mn) 6.433 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Goods & Services: Goods (USD mn) 336.685 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Financial Derivatives (USD mn) -2.485 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Portfolio Investment: Asset (USD mn) 2.983 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Direct Investment (USD mn) -209.109 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Net Errors & Omissions (USD mn) -187.447 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Financial Account (FA) (USD mn) -295.498 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Primary Income (USD mn) -222.492 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: OI: Asset (USD mn) 177.299 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Goods & Services: Services (USD mn) -248.232 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Portfolio Investment (USD mn) -42.220 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Other Investment (OI) (USD mn) -41.683 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Direct Investment: Liabilities (USD mn) 211.782 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Direct Investment: Asset (USD mn) 2.673 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Financial Derivatives: Liabilities (USD mn) 4.997 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Reserves: Assets (USD mn) -6.612 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Portfolio Investment: Liabilities (USD mn) 45.203 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Financial Derivatives: Asset (USD mn) 2.511 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: OI: Liabilities (USD mn) 218.982 Oct 2024 monthly Jan 2009 - Oct 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.8 Nov 2024 monthly Dec 1996 - Nov 2024
Household Debt: % of GDP (%) 26.4 Sep 2024 quarterly Mar 2004 - Sep 2024
Non-Performing Loans (USD mn) 606.815 Nov 2024 monthly Dec 1996 - Nov 2024
Money Supply M1 (USD mn) 3,145.545 Nov 2024 monthly Dec 1996 - Nov 2024
Money Supply M2 (USD mn) 12,144.217 Nov 2024 monthly Dec 1996 - Nov 2024
M2 Growth (%) 17.2 Nov 2024 monthly Dec 1997 - Nov 2024
Reserve Requirement Ratio (%) 11.0 Dec 2024 monthly Jan 2005 - Dec 2024
Foreign Exchange Reserves (USD mn) 4,233.3 Nov 2024 monthly Dec 1992 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 17.057 Sep 2024 quarterly Dec 2010 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.3 Nov 2024 monthly Jan 1997 - Nov 2024
Gold Reserves (USD mn) 633.572 Nov 2024 monthly Dec 1980 - Nov 2024
Total Deposits (USD mn) 7,490.264 Nov 2024 monthly Jan 2000 - Nov 2024
Total Deposits Growth (%) 23.1 Nov 2024 monthly Jan 2001 - Nov 2024
Domestic Credit (USD mn) 9,894.7 Nov 2024 monthly Dec 1992 - Nov 2024
Domestic Credit Growth (%) 22.5 Nov 2024 monthly Dec 1993 - Nov 2024
Household Debt (USD mn) 6,310.6 Nov 2024 monthly Jan 2004 - Nov 2024
Total Loans (USD mn) 10,498.477 Nov 2024 monthly Dec 1996 - Nov 2024
Total Loans Growth (%) 33.55 Nov 2024 monthly Dec 1997 - Nov 2024
Private Debt: % of Nominal GDP (%) 43.25 Sep 2024 quarterly Dec 2010 - Sep 2024
Money Supply: M2: M1 (MNT mn) 10,750,748.116 Nov 2024 monthly Dec 1990 - Nov 2024
International Reserves: Gross (USD mn) 4,964.960 Nov 2024 monthly Jan 2006 - Nov 2024

More Indicators for Mongolia

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