Annual GDP growth in Mongolia
Mongolia: Annual GDP growth was 5.1% in 2024. ◆ Volatile
Annual GDP growth in Mongolia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Mongolia is 5.1%, measured in 2024.
Compared with earlier readings it is down 31.0% on the previous year and down 35.0% over ten years.
Over the whole period, annual gdp growth in Mongolia peaked at 17.3% in 2011 and was at its lowest, -4.6%, in 2020.
That places Mongolia 41st out of 230 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.1% | — |
| 2001 | 3.0% | +157.6% |
| 2002 | 4.7% | +60.3% |
| 2003 | 7.0% | +48.0% |
| 2004 | 10.6% | +51.7% |
| 2005 | 7.3% | -31.7% |
| 2006 | 8.6% | +18.0% |
| 2007 | 10.2% | +19.8% |
| 2008 | 8.9% | -13.2% |
| 2009 | -1.3% | -114.3% |
| 2010 | 6.4% | -601.7% |
| 2011 | 17.3% | +171.6% |
| 2012 | 12.3% | -28.7% |
| 2013 | 11.6% | -5.4% |
| 2014 | 7.9% | -32.3% |
| 2015 | 2.4% | -69.8% |
| 2016 | 1.5% | -37.4% |
| 2017 | 5.6% | +278.4% |
| 2018 | 7.7% | +37.4% |
| 2019 | 5.6% | -27.7% |
| 2020 | -4.6% | -181.4% |
| 2021 | 1.6% | -135.9% |
| 2022 | 5.0% | +207.5% |
| 2023 | 7.4% | +47.5% |
| 2024 | 5.1% | -31.0% |
Mongolia compared with similar countries
- Mongolia's 5.1% is above the median for upper middle income countries, which is 3.5%, 1.5× the median. (56 countries reporting)
- Mongolia's 5.1% is above the median for East Asia & Pacific, which is 3.5%, 1.5× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +601.7% | -1.3% | 6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.0% | -1.3% | 10.6% | 10 |
| 2010s | 7.8% | 1.5% | 17.3% | 10 |
| 2020s | 2.9% | -4.6% | 7.4% | 5 |
Countries ranked near Mongolia
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -2.15 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 24.74 units per person (2025)
- SDRs holdings, SDR, annual growth rate -6.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 18.07 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -22.42 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0068 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Mongolia?
- Annual gdp growth in Mongolia was 5.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Mongolia?
- The highest recorded value was 17.3% in 2011.
- What is the lowest annual gdp growth recorded in Mongolia?
- The lowest recorded value was -4.6% in 2020.
- How does Mongolia rank for annual gdp growth?
- Mongolia ranks 41st out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Mongolia?
- Over the last ten years it is down 35.0%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).