Private Consumption in Mongolia
The Mongolian economy recorded an average growth rate of 5.4% in the decade leading to 2022. In 2022, private consumption growth was 8.1%. For more private consumption information, visit our dedicated page.
Mongolia Private consumption Chart
Mongolia Private consumption Data
|Private Consumption (ann. var. %)||11.7||5.8||2.1||-5.9||8.1|
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mongol private consumption projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Mongol private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mongol private consumption projections.
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