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 (%) | 0.8 Dec 2024 | monthly | Jan 2007 - Dec 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 (%) | 2.9 Jan 2025 | monthly | Jan 2001 - Jan 2025 |
| 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 |
Mongolia 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 Expenditure & NL: ytd: Expenditure: Capital (MNT mn) | 7,924,167.600 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) | 113,203.269 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| General Government Balance: ytd (MNT mn) | -492,703.800 Jan 2025 | monthly | Dec 1999 - Jan 2025 |
| General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) | 22,066,910.300 Dec 2024 | monthly | Dec 1999 - Dec 2024 |
| General Government Expenditure & NL: ytd: Expenditure (MNT mn) | 2,154,886.548 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 |
| 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: Mineral Products (USD th) | 838,352.397 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Exports: Textiles and Textile Articles (USD th) | 13,101.987 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 |
| 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 |
| Imports: Mineral Products (USD th) | 209,490.684 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: Base Metals and Articles Thereof (USD th) | 47,145.766 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: Food Products (USD th) | 57,743.099 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: Asia: North Eastern: ow China (USD th) | 207,203.752 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: Asia: North Eastern: ow Japan (USD th) | 100,806.768 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Imports: America: ow USA (USD th) | 30,303.696 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Export Value Index (2015=100) | 198.040 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 |
| Import Value Index (2015=100) | 180.345 2021 | yearly | 1980 - 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: FA: Direct Investment (USD mn) | -78.933 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: CA: Goods & Services: Goods (USD mn) | -1.574 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Direct Investment: Liabilities (USD mn) | 94.807 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: CA: Goods & Services: Services (USD mn) | -320.947 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: Secondary Income (USD mn) | -1.757 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Financial Derivatives: Asset (USD mn) | -0.065 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Portfolio Investment: Asset (USD mn) | -1.745 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: 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: FA: Other Investment (OI) (USD mn) | 107.590 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Financial Derivatives (USD mn) | 2.416 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: Net Errors & Omissions (USD mn) | -159.513 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: Reserves: Assets (USD mn) | -680.711 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: OI: Asset (USD mn) | -57.980 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Financial Derivatives: Liabilities (USD mn) | -2.481 Jan 2025 | monthly | Jan 2009 - Jan 2025 |
| BoP: FA: Portfolio Investment: Liabilities (USD mn) | 24.330 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) | 4,763.400 Feb 2025 | monthly | Jan 2006 - Feb 2025 |
| Deposits: Corporate (MNT tn) | 4.200 Jan 2025 | monthly | May 2018 - Jan 2025 |
| Deposits: Individual (MNT tn) | 22.300 Jan 2025 | monthly | May 2018 - Jan 2025 |
| Deposits (MNT tn) | 26.500 Jan 2025 | monthly | Jan 2000 - 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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