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
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Includes Retail Sales Growth on 76 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.5 Mar 2023 | monthly | Jan 2006 - Mar 2023 |
| Argentina (%) | -13.8 Jan 2024 | monthly | Jan 2018 - Jan 2024 |
| Armenia (%) | 1.8 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| Australia (%) | 4.2 May 2023 | monthly | Apr 1983 - May 2023 |
| Austria (%) | -4.7 Dec 2023 | monthly | Jan 2007 - Dec 2023 |
| Azerbaijan (%) | 3.6 Feb 2024 | monthly | Dec 2007 - Feb 2024 |
| Belarus (%) | 15.4 Feb 2024 | monthly | Oct 2008 - Feb 2024 |
| Belgium (%) | -3.8 Jan 2024 | monthly | Jan 2007 - Jan 2024 |
| Bosnia and Herzegovina (%) | 15.4 Apr 2023 | monthly | Jan 2013 - Apr 2023 |
| Brazil (%) | 2.9 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
| Bulgaria (%) | -0.6 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Canada (%) | 1.1 Apr 2023 | monthly | Jan 1992 - Apr 2023 |
| Chile (%) | 4.3 Feb 2024 | monthly | Jan 2015 - Feb 2024 |
| China (%) | 12.7 May 2023 | monthly | Jan 1994 - May 2023 |
| Colombia (%) | -3.1 Jan 2024 | monthly | Jan 2014 - Jan 2024 |
| Croatia (%) | 3.3 Apr 2023 | monthly | Jan 2001 - Apr 2023 |
| Cyprus (%) | 5.2 Feb 2024 | monthly | Jan 2006 - Feb 2024 |
| Czech Republic (%) | 2.5 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| Denmark (%) | 0.4 May 2023 | monthly | Jan 2001 - May 2023 |
| Egypt (%) | 1.4 2020 | yearly | 1996 - 2020 |
| Estonia (%) | 0.3 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
| European Union (%) | -0.7 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
| Finland (%) | -1.6 Nov 2023 | monthly | Jan 1996 - Nov 2023 |
| France (%) | -1.1 Dec 2023 | monthly | Jan 1996 - Dec 2023 |
| Georgia (%) | 4.3 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
| Germany (%) | -4.4 Apr 2023 | monthly | Jan 1995 - Apr 2023 |
| Greece (%) | -8.2 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| Hong Kong SAR, China (%) | 16.6 May 2023 | monthly | Jan 1982 - May 2023 |
| Hungary (%) | 0.8 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
| Iceland (%) | 6.7 Dec 2023 | monthly | Feb 2002 - Dec 2023 |
| Indonesia (%) | 0.0 May 2023 | monthly | Jan 2011 - May 2023 |
| Ireland (%) | 0.6 Jan 2024 | monthly | Jan 2006 - Jan 2024 |
| Israel (%) | 3.0 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
| Italy (%) | -0.1 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| 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 (%) | 0.2 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
| Lithuania (%) | 4.6 Feb 2024 | monthly | Jan 1999 - Feb 2024 |
| Luxembourg (%) | 2.1 Dec 2023 | monthly | Jan 2006 - Dec 2023 |
| Macau SAR, China (%) | 40.2 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
| North Macedonia (%) | -2.9 Jan 2024 | monthly | Jan 2011 - Jan 2024 |
| Malaysia (%) | 12.9 Apr 2023 | monthly | Jan 2014 - Apr 2023 |
| Malta (%) | 1.6 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
| Mexico (%) | 4.6 Apr 2023 | monthly | Jan 2002 - Apr 2023 |
| Moldova (%) | 5.0 Jan 2024 | monthly | Jan 2011 - Jan 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 (%) | 0.3 Dec 2023 | quarterly | Sep 1996 - Dec 2023 |
| Norway (%) | -0.2 Feb 2024 | monthly | Jan 1980 - Feb 2024 |
| Palestinian Territory (%) | -0.2 2018 | yearly | 2011 - 2018 |
| Peru (%) | 6.1 Jan 2024 | monthly | Jan 2015 - Jan 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 (%) | 5.0 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| Russia (%) | 12.3 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
| Serbia (%) | -6.2 May 2023 | monthly | Dec 2004 - May 2023 |
| Singapore (%) | 2.8 Jan 2024 | monthly | Jan 1986 - Jan 2024 |
| Slovakia (%) | 1.9 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
| Slovenia (%) | -14.7 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
| South Africa (%) | -2.5 Jan 2024 | monthly | Jan 2003 - Jan 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 (%) | 13.2 Nov 2023 | monthly | Jan 2011 - Nov 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 (%) | 7.0 Mar 2024 | monthly | Sep 2004 - Mar 2024 |
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Includes 212 key indicators for Mongolia, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | 1.1 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
| Consolidated Fiscal Balance (USD mn) | 196.620 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Tax Revenue (USD mn) | 582.910 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Tax Revenue: % of GDP (%) | 19.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Government Debt: % of GDP (%) | 59.4 Dec 2021 | quarterly | Dec 2017 - Dec 2021 |
| Forecast: Government Expenditure (MNT bn) | 42,528.460 2028 | yearly | 1981 - 2028 |
| Forecast: Government Net Debt (MNT bn) | 90,114.430 2028 | yearly | 2006 - 2028 |
| Forecast: Government Revenue (MNT bn) | 39,675.330 2028 | yearly | 1981 - 2028 |
| General Government Expenditure & NL: ytd: Net Lending (MNT mn) | 34,495.933 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) | 646,268.369 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) | 859,511.784 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| General Government Balance: ytd (MNT mn) | 1,342,943.738 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) | 3,078,412.654 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) | 200,874.250 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| General Government Expenditure & NL: ytd: Expenditure (MNT mn) | 3,724,681.023 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 1.185 2028 | yearly | 1981 - 2028 |
| Trade Balance (USD mn) | 252.4 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Total Exports (USD mn) | 913.0 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Total Exports Growth (%) | 48.0 Apr 2023 | monthly | Jan 1998 - Apr 2023 |
| Aluminum: Exports (USD th) | 7,160.872 2022 | yearly | 1995 - 2022 |
| Exports: Medicament (USD th) | 100.343 2022 | yearly | 1995 - 2022 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 83.518 2022 | yearly | 1995 - 2022 |
| Total Imports (USD mn) | 660.6 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Total Imports Growth (%) | 29.6 Feb 2024 | monthly | Jan 1998 - Feb 2024 |
| Imports: Medicament (USD th) | 140,968.073 2022 | yearly | 1995 - 2022 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 71,770.506 2022 | yearly | 1995 - 2022 |
| Total Exports to USA (USD mn) | 0.307 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Total Imports from USA (USD mn) | 22.150 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Total Exports to China (USD mn) | 1,198.029 Jan 2024 | monthly | Dec 1999 - Jan 2024 |
| Total Imports from China (USD mn) | 184.224 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Exports: Live Animals and Products of Animal Origin (USD th) | 7,508.623 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Exports: Textiles and Textile Articles (USD th) | 7,249.815 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Exports: Mineral Products (USD th) | 875,134.166 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Exports: Base Metals and Articles Thereof (USD th) | 5,374.900 Mar 2019 | monthly | Dec 1999 - Mar 2019 |
| Exports: Europe: European Union: ow United Kingdom (USD th) | 140.450 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Exports: Asia: North Eastern: ow China (USD th) | 887,716.060 Feb 2024 | monthly | Dec 1999 - Feb 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) | 122,056.008 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) | 132,229.588 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: Mineral Products (USD th) | 192,085.521 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: Food Products (USD th) | 49,016.319 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: Base Metals and Articles Thereof (USD th) | 35,790.276 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: America: ow USA (USD th) | 22,149.732 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: Asia: North Eastern: ow Japan (USD th) | 73,506.240 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: Asia: North Eastern: ow China (USD th) | 184,794.549 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: Europe: Others: ow Russian Federation (USD th) | 210,974.018 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Imports: Asia: North Eastern: ow Republic of Korea (USD th) | 29,531.059 Feb 2024 | monthly | Dec 1999 - Feb 2024 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 3.3 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Current Account Balance (USD mn) | -144.7 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Current Account Balance: % of GDP (%) | -4.9 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Foreign Direct Investment (USD mn) | 267.1 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Foreign Direct Investment: % of GDP (%) | 11.6 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Foreign Portfolio Investment (USD mn) | -509.520 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Foreign Portfolio Investment: % of GDP (%) | -7.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | -0.1 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -509.375 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
| External Debt (USD mn) | 34,569.8 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| External Debt: % of GDP (%) | 174.0 2023 | yearly | 1992 - 2023 |
| External Debt: Short Term (USD mn) | 2,388.2 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
| External Debt: Short Term: % of GDP (%) | 11.7 2023 | yearly | 1992 - 2023 |
| Forecast: Current Account Balance (USD bn) | -1.770 2028 | yearly | 1991 - 2028 |
| Net International Investment Position (USD mn) | -41,852.420 Jun 2023 | quarterly | Dec 2010 - Jun 2023 |
| Balance of Payments (BoP): Current Account (CA) (USD mn) | -144.653 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: CA: Goods & Services: Services (USD mn) | -270.867 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: CA: Goods & Services: Goods (USD mn) | 142.799 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: CA: Primary Income (USD mn) | -148.900 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: Capital Account (USD mn) | 10.392 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: CA: Secondary Income (USD mn) | 132.315 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: Financial Account (FA) (USD mn) | -310.619 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Direct Investment: Liabilities (USD mn) | 267.118 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Direct Investment: Asset (USD mn) | 3.286 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Direct Investment (USD mn) | -263.832 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Portfolio Investment: Asset (USD mn) | 27.697 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Portfolio Investment (USD mn) | 33.165 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Portfolio Investment: Liabilities (USD mn) | -5.469 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Other Investment (OI) (USD mn) | -77.698 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Financial Derivatives: Liabilities (USD mn) | -0.026 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Financial Derivatives: Asset (USD mn) | -2.282 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: OI: Asset (USD mn) | -80.085 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: Financial Derivatives (USD mn) | -2.255 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: Net Errors & Omissions (USD mn) | -51.244 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: FA: OI: Liabilities (USD mn) | -2.388 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| BoP: Reserves: Assets (USD mn) | 125.115 Feb 2024 | monthly | Jan 2009 - Feb 2024 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 7.3 Feb 2024 | monthly | Dec 1996 - Feb 2024 |
| Household Debt: % of GDP (%) | 22.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
| Non-Performing Loans (USD mn) | 604.265 Feb 2024 | monthly | Dec 1996 - Feb 2024 |
| Money Supply M1 (USD mn) | 2,800.237 Feb 2024 | monthly | Dec 1996 - Feb 2024 |
| Money Supply M2 (USD mn) | 11,119.003 Feb 2024 | monthly | Dec 1996 - Feb 2024 |
| M2 Growth (%) | 24.3 Feb 2024 | monthly | Dec 1997 - Feb 2024 |
| Reserve Requirement Ratio (%) | 8.0 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
| Foreign Exchange Reserves (USD mn) | 4,293.4 Feb 2024 | monthly | Dec 1992 - Feb 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 21.476 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Foreign Exchange Reserves: Months of Import (NA) | 6.5 Feb 2024 | monthly | Jan 1997 - Feb 2024 |
| Gold Reserves (USD mn) | 569.051 Feb 2024 | monthly | Dec 1980 - Feb 2024 |
| Total Deposits (USD mn) | 6,653.085 Feb 2024 | monthly | Jan 2000 - Feb 2024 |
| Total Deposits Growth (%) | 20.3 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
| Domestic Credit (USD mn) | 8,409.9 Feb 2024 | monthly | Dec 1992 - Feb 2024 |
| Domestic Credit Growth (%) | 12.1 Feb 2024 | monthly | Dec 1993 - Feb 2024 |
| Household Debt (USD mn) | 4,834.2 Feb 2024 | monthly | Jan 2004 - Feb 2024 |
| Total Loans (USD mn) | 8,292.988 Feb 2024 | monthly | Dec 1996 - Feb 2024 |
| Total Loans Growth (%) | 23.91 Feb 2024 | monthly | Dec 1997 - Feb 2024 |
| Private Debt: % of Nominal GDP (%) | 38.96 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
| Money Supply: M2: M1 (MNT mn) | 9,470,094.647 Feb 2024 | monthly | Dec 1990 - Feb 2024 |
| International Reserves: Gross (USD mn) | 5,249.820 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
| Loans: Outstanding Amounts: Non Performing Loans (MNT mn) | 2,043,556.267 Feb 2024 | monthly | Dec 1996 - Feb 2024 |
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