Mongolia Retail Sales Growth
2012 - 2023 | Quarterly | % | CEIC Data
Key information about Mongolia Retail Sales Growth
- Mongolia Retail Sales grew 14.9 % YoY in Dec 2023, compared with a 16.4 % increase in the previous quarter.
- Mongolia Retail Sales Growth YoY data is updated quarterly, available from Mar 2012 to Dec 2023, with an average growth rate of 23.4 %.
- The data reached an all-time high of 265.4 % in Dec 2012 and a record low of -37.3 % in Dec 2014.
- In the latest reports, Car Sales of Mongolia recorded 3,800.0 units in Dec 2019, representing a drop of 41.0 %.
CEIC calculates quarterly Retail Sales: Incl. Motor Vehicles Growth from monthly Domestic Retail Trade Sales. The National Statistics Office of Mongolia provides Domestic Retail Trade Sales as estimated values in local currency. Retail Sales: Incl. Motor Vehicles Growth prior to Q1 2019 is calculated from Domestic Retail Trade Sales, based on a sample survey of entities.
View Mongolia's Retail Sales Growth from Mar 2012 to Dec 2023 in the chart:
What was Mongolia's Retail Sales Growth in Dec 2023?
Mongolia Retail Sales grew 14.9 % YoY in Dec 2023, compared with a 16.4 % increase in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 14.9 Dec 2023 | 16.4 Sep 2023 | -37.3 Dec 2014 | 265.4 Dec 2012 | % | quarterly | Mar 2012 - Dec 2023 |
Retail Sales Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.5 Mar 2023 | monthly | Jan 2006 - Mar 2023 |
| Argentina (%) | -3.3 Dec 2024 | monthly | Jan 2018 - Dec 2024 |
| Armenia (%) | 5.7 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Australia (%) | 4.2 May 2023 | monthly | Apr 1983 - May 2023 |
| Austria (%) | 3.3 Nov 2024 | monthly | Jan 2007 - Nov 2024 |
| Azerbaijan (%) | 7.8 Jan 2025 | monthly | Dec 2007 - Jan 2025 |
| Belarus (%) | 12.2 Jan 2025 | monthly | Oct 2008 - Jan 2025 |
| Belgium (%) | -0.0 Jan 2025 | monthly | Jan 2007 - Jan 2025 |
| Bosnia and Herzegovina (%) | 15.4 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
| Brazil (%) | 4.1 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Bulgaria (%) | -0.6 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Canada (%) | 1.1 Apr 2023 | monthly | Jan 1992 - Apr 2023 |
| Chile (%) | 8.2 Jan 2025 | monthly | Jan 2015 - Jan 2025 |
| China (%) | 12.7 May 2023 | monthly | Jan 1994 - May 2023 |
| Colombia (%) | 5.5 Dec 2024 | monthly | Jan 2014 - Dec 2024 |
| Croatia (%) | 3.3 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Cyprus (%) | 2.7 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Czech Republic (%) | 5.5 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Denmark (%) | 0.4 May 2023 | monthly | Jan 2001 - May 2023 |
| Egypt (%) | 1.4 2020 | yearly | 1996 - 2020 |
| Estonia (%) | -1.3 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| European Union (%) | 2.0 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
| Finland (%) | -0.3 Jan 2025 | monthly | Jan 1996 - Jan 2025 |
| France (%) | 1.6 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Georgia (%) | 1.1 Dec 2024 | quarterly | Mar 2010 - Dec 2024 |
| Germany (%) | -4.4 Apr 2023 | monthly | Jan 1995 - Apr 2023 |
| Greece (%) | -5.6 Dec 2024 | monthly | Jan 2001 - Dec 2024 |
| Hong Kong SAR, China (%) | 16.6 May 2023 | monthly | Jan 1982 - May 2023 |
| Hungary (%) | 4.2 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Iceland (%) | 6.6 Aug 2024 | monthly | Feb 2002 - Aug 2024 |
| Indonesia (%) | 0.0 May 2023 | monthly | Jan 2011 - May 2023 |
| Ireland (%) | -0.1 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Israel (%) | -0.2 Jan 2025 | monthly | Jan 1998 - Jan 2025 |
| Italy (%) | 0.8 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Japan (%) | 5.2 Apr 2023 | monthly | Oct 1992 - Apr 2023 |
| Kazakhstan (%) | 5.4 May 2023 | monthly | Jan 2006 - May 2023 |
| South Korea (%) | -0.7 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
| Kyrgyzstan (%) | 10.7 2022 | yearly | 1990 - 2022 |
| Latvia (%) | 2.1 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Lithuania (%) | 1.5 Jan 2025 | monthly | Jan 1999 - Jan 2025 |
| Luxembourg (%) | 11.4 Jan 2025 | monthly | Jan 2006 - Jan 2025 |
| Macau SAR, China (%) | -9.3 Dec 2024 | quarterly | Mar 2002 - Dec 2024 |
| North Macedonia (%) | -0.2 Jan 2025 | monthly | Jan 2011 - Jan 2025 |
| Malaysia (%) | 12.9 Apr 2023 | monthly | Jan 2014 - Apr 2023 |
| Malta (%) | 4.8 Dec 2024 | quarterly | Mar 2001 - Dec 2024 |
| Mexico (%) | 4.6 Apr 2023 | monthly | Jan 2002 - Apr 2023 |
| Moldova (%) | 10.8 Dec 2024 | monthly | Jan 2011 - Dec 2024 |
| Mongolia (%) | 14.9 Dec 2023 | quarterly | Mar 2012 - Dec 2023 |
| Montenegro (%) | 8.5 Apr 2023 | monthly | Jan 2007 - Apr 2023 |
| Netherlands (%) | -4.2 May 2023 | monthly | Jan 2001 - May 2023 |
| New Zealand (%) | 0.4 Dec 2024 | quarterly | Sep 1996 - Dec 2024 |
| Norway (%) | 2.6 Jan 2025 | monthly | Jan 1980 - Jan 2025 |
| Palestinian Territory (%) | -0.2 2018 | yearly | 2011 - 2018 |
| Peru (%) | 4.8 Aug 2024 | monthly | Jan 2015 - Aug 2024 |
| Poland (%) | -1.8 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Portugal (%) | 3.1 May 2023 | monthly | Jan 2001 - May 2023 |
| Qatar (%) | 6.9 2021 | yearly | 1987 - 2021 |
| Romania (%) | 3.2 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Russia (%) | 5.4 Jan 2025 | monthly | Jan 1994 - Jan 2025 |
| Serbia (%) | -6.2 May 2023 | monthly | Dec 2004 - May 2023 |
| Singapore (%) | -3.0 Jan 2025 | monthly | Jan 1986 - Jan 2025 |
| Slovakia (%) | 0.8 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Slovenia (%) | 3.2 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| South Africa (%) | 3.2 Dec 2024 | monthly | Jan 2003 - Dec 2024 |
| Spain (%) | 3.1 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
| Sweden (%) | -3.9 May 2023 | monthly | Jan 1991 - May 2023 |
| Switzerland (%) | -3.4 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Taiwan (%) | 1.7 Feb 2022 | monthly | Jan 2000 - Feb 2022 |
| Thailand (%) | 0.5 Mar 2023 | monthly | Jan 1996 - Mar 2023 |
| Turkey (%) | 11.2 Dec 2023 | monthly | Jan 2011 - Dec 2023 |
| Ukraine (%) | -3.1 Dec 2022 | monthly | Jan 2008 - Dec 2022 |
| United Kingdom (%) | -2.1 May 2023 | monthly | Jan 1997 - May 2023 |
| United States (%) | 1.0 May 2023 | monthly | Jan 1993 - May 2023 |
| Uzbekistan (%) | -4.0 Apr 2023 | monthly | Jan 2019 - Apr 2023 |
| Venezuela (%) | -53.5 Jan 2019 | monthly | Jan 2005 - Jan 2019 |
| Vietnam (%) | 8.7 Feb 2025 | monthly | Sep 2004 - Feb 2025 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doMongolia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.0 Dec 2024 | quarterly | Dec 2000 - Dec 2024 |
| Consolidated Fiscal Balance (USD mn) | -143.592 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
| Tax Revenue (USD mn) | 721.583 Dec 2024 | monthly | Jan 2000 - Dec 2024 |
| Tax Revenue: % of GDP (%) | 24.3 Dec 2024 | quarterly | Mar 2000 - Dec 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 Expenditure & NL: ytd: Net Lending (MNT mn) | 6,007.785 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) | 296,288.913 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) | 7,924,167.600 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) | 22,066,910.300 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| General Government Balance: ytd (MNT mn) | -492,703.800 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) | 113,203.269 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| General Government Expenditure & NL: ytd: Expenditure (MNT mn) | 2,154,886.548 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.185 2028 | yearly | 1981 - 2028 |
| Trade Balance (USD mn) | 247.8 Feb 2025 | monthly | Jan 1997 - Feb 2025 |
| Total Exports (USD mn) | 985.6 Feb 2025 | monthly | Jan 1997 - Feb 2025 |
| 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) | 737.7 Feb 2025 | monthly | Jan 1997 - Feb 2025 |
| Total Imports Growth (%) | 11.7 Feb 2025 | monthly | Jan 1998 - Feb 2025 |
| 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) | 9.296 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Total Imports from USA (USD mn) | 30.304 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Total Exports to China (USD mn) | 863.486 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Total Imports from China (USD mn) | 204.503 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Exports: Live Animals and Products of Animal Origin (USD th) | 5,098.791 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Exports: Base Metals and Articles Thereof (USD th) | 5,374.900 Mar 2019 | monthly | Dec 1999 - Mar 2019 |
| Exports: Textiles and Textile Articles (USD th) | 13,101.987 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Exports: Mineral Products (USD th) | 838,352.397 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Exports: America: USA (USD th) | 486.100 Dec 2018 | monthly | Dec 1999 - Dec 2018 |
| Exports: Europe: European Union: ow United Kingdom (USD th) | 319.274 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Exports: Asia: North Eastern: ow China (USD th) | 863,547.687 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Food Products (USD th) | 57,743.099 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Mineral Products (USD th) | 209,490.684 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) | 146,491.254 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Base Metals and Articles Thereof (USD th) | 47,145.766 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) | 142,993.417 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Europe: Others: ow Russian Federation (USD th) | 236,393.169 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Asia: North Eastern: ow Republic of Korea (USD th) | 29,096.402 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: America: ow USA (USD th) | 30,303.696 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Asia: North Eastern: ow China (USD th) | 207,203.752 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Asia: North Eastern: ow Japan (USD th) | 100,806.768 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| 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) | 15.9 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| Current Account Balance (USD mn) | -521.9 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| Current Account Balance: % of GDP (%) | -11.3 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| Foreign Direct Investment (USD mn) | 94.8 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| Foreign Direct Investment: % of GDP (%) | 8.6 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| Foreign Portfolio Investment (USD mn) | 881.865 Dec 2024 | quarterly | Mar 1998 - Dec 2024 |
| Foreign Portfolio Investment: % of GDP (%) | 12.1 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -3.0 Dec 2024 | quarterly | Mar 1998 - Dec 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 884.839 Dec 2024 | quarterly | Mar 1998 - Dec 2024 |
| External Debt (USD mn) | 37,117.3 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| External Debt: % of GDP (%) | 157.4 2024 | yearly | 1992 - 2024 |
| External Debt: Short Term (USD mn) | 2,348.1 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| External Debt: Short Term: % of GDP (%) | 9.9 2024 | yearly | 1992 - 2024 |
| Forecast: Current Account Balance (USD bn) | -3.388 2029 | yearly | 1991 - 2029 |
| Net International Investment Position (USD mn) | -43,390.758 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Balance of Payments (BoP): Current Account (CA) (USD mn) | -521.897 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: Capital Account (USD mn) | 5.698 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: Financial Account (FA) (USD mn) | 4.999 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: CA: Primary Income (USD mn) | -197.620 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Portfolio Investment (USD mn) | -26.075 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: CA: Secondary Income (USD mn) | -1.757 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Portfolio Investment: Asset (USD mn) | -1.745 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: Reserves: Assets (USD mn) | -680.711 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Financial Derivatives: Asset (USD mn) | -0.065 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: Net Errors & Omissions (USD mn) | -159.513 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Other Investment (OI) (USD mn) | 107.590 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Direct Investment (USD mn) | -78.933 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Direct Investment: Asset (USD mn) | 15.874 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: OI: Liabilities (USD mn) | -165.570 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: CA: Goods & Services: Goods (USD mn) | -1.574 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: CA: Goods & Services: Services (USD mn) | -320.947 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Direct Investment: Liabilities (USD mn) | 94.807 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: OI: Asset (USD mn) | -57.980 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Portfolio Investment: Liabilities (USD mn) | 24.330 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Financial Derivatives (USD mn) | 2.416 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Financial Derivatives: Liabilities (USD mn) | -2.481 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 5.2 Jan 2025 | monthly | Dec 1996 - Jan 2025 |
| Household Debt: % of GDP (%) | 27.5 Dec 2024 | quarterly | Mar 2004 - Dec 2024 |
| Non-Performing Loans (USD mn) | 560.438 Jan 2025 | monthly | Dec 1996 - Jan 2025 |
| Money Supply M1 (USD mn) | 3,141.363 Jan 2025 | monthly | Dec 1996 - Jan 2025 |
| Money Supply M2 (USD mn) | 12,130.036 Jan 2025 | monthly | Dec 1996 - Jan 2025 |
| M2 Growth (%) | 11.6 Jan 2025 | monthly | Dec 1997 - Jan 2025 |
| Reserve Requirement Ratio (%) | 13.0 Feb 2025 | monthly | Jan 2005 - Feb 2025 |
| Foreign Exchange Reserves (USD mn) | 4,118.2 Jan 2025 | monthly | Dec 1992 - Jan 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 20.332 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 4.2 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Gold Reserves (USD mn) | 668.568 Jan 2025 | monthly | Dec 1980 - Jan 2025 |
| Total Deposits (USD mn) | 7,685.080 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
| Total Deposits Growth (%) | 19.9 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| Domestic Credit (USD mn) | 10,474.5 Jan 2025 | monthly | Dec 1992 - Jan 2025 |
| Domestic Credit Growth (%) | 24.7 Jan 2025 | monthly | Dec 1993 - Jan 2025 |
| Household Debt (USD mn) | 6,505.6 Jan 2025 | monthly | Jan 2004 - Jan 2025 |
| Total Loans (USD mn) | 10,841.092 Jan 2025 | monthly | Dec 1996 - Jan 2025 |
| Total Loans Growth (%) | 34.84 Jan 2025 | monthly | Dec 1997 - Jan 2025 |
| Private Debt: % of Nominal GDP (%) | 44.68 Dec 2024 | quarterly | Dec 2010 - Dec 2024 |
| Money Supply: M2: M1 (MNT mn) | 10,832,174.537 Jan 2025 | monthly | Dec 1990 - Jan 2025 |
| International Reserves: Gross (USD mn) | 4,964.960 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
| Deposits (MNT tn) | 26.500 Jan 2025 | monthly | Jan 2000 - Jan 2025 |
| Deposits: Individual (MNT tn) | 22.300 Jan 2025 | monthly | May 2018 - Jan 2025 |
| Deposits: Corporate (MNT tn) | 4.200 Jan 2025 | monthly | May 2018 - Jan 2025 |
| Loans: Outstanding Amounts: Non Performing Loans (MNT mn) | 1,932,525.472 Jan 2025 | monthly | Dec 1996 - Jan 2025 |
More Indicators for Mongolia
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