Mongolia vs World: Gross Domestic Product — Value US$, annual growth rate
Mongolia
16.04 % change on previous year
in 2024
World
5.18 % change on previous year
in 2024
Mongolia rank
14th
World rank
16th
Gross Domestic Product — Value US$, annual growth rate over time
- Mongolia
- World
How they compare
Mongolia currently reports 16.04 % change on previous year against 5.18 % change on previous year in World, a difference of 10.86 % change on previous year.
That makes Mongolia's figure about 3.1 times World's.
The two have swapped places 15 times across 54 shared years of data; in 1971 it was World ahead.
Mongolia ranks 14th and World ranks 16th of 236 countries.
Across the 6 decades both report, Mongolia averaged higher in 4 and World in 2.
Head to head by decade
| Decade | Mongolia | World | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 12.78 % change on previous year | 13.09 % change on previous year | 0.3105 % change on previous year | World |
| 1980s | 11.32 % change on previous year | 6.56 % change on previous year | 4.76 % change on previous year | Mongolia |
| 1990s | -2.94 % change on previous year | 4.75 % change on previous year | 7.69 % change on previous year | World |
| 2000s | 16.56 % change on previous year | 6.57 % change on previous year | 9.99 % change on previous year | Mongolia |
| 2010s | 11.42 % change on previous year | 3.83 % change on previous year | 7.59 % change on previous year | Mongolia |
| 2020s | 10.53 % change on previous year | 4.96 % change on previous year | 5.56 % change on previous year | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic product — value us$, annual growth rate, Mongolia or World?
- Mongolia, at 16.04 % change on previous year against 5.18 % change on previous year in World as of 2024.
- What is the difference in gross domestic product — value us$, annual growth rate between Mongolia and World?
- 10.86 % change on previous year, with Mongolia ahead.
- How many years of comparable data are there for Mongolia and World?
- 54 years are reported by both, from 1971 to 2024.
- How do Mongolia and World rank globally for gross domestic product — value us$, annual growth rate?
- Mongolia ranks 14th and World ranks 16th of 236 countries.
- Where does this data come from?
- Statizoid (derived), published as Gross Domestic Product — Value US$, annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.