GDP in Mongolia
Mongolia: GDP was 25.37 billion current US$ in 2025. ◆ Volatile
GDP in Mongolia, 1980–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gdp in Mongolia is 25.37 billion current US$, measured in 2025. That is the highest value across all 46 years on record.
The figure is up 6.6% on the previous year and up 118.3% over ten years.
Over the whole period, gdp in Mongolia peaked at 25.37 billion current US$ in 2025 and was at its lowest, 768.40 million current US$, in 1993.
Mongolia ranks 124th of 214 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 2.10 billion current US$ | — |
| 1981 | 2.31 billion current US$ | +9.9% |
| 1982 | 2.55 billion current US$ | +10.5% |
| 1983 | 2.73 billion current US$ | +6.8% |
| 1984 | 2.10 billion current US$ | -23.0% |
| 1985 | 2.19 billion current US$ | +4.2% |
| 1986 | 2.90 billion current US$ | +32.5% |
| 1987 | 3.02 billion current US$ | +4.3% |
| 1988 | 3.20 billion current US$ | +6.1% |
| 1989 | 3.58 billion current US$ | +11.6% |
| 1990 | 2.56 billion current US$ | -28.4% |
| 1991 | 2.38 billion current US$ | -7.1% |
| 1992 | 1.32 billion current US$ | -44.6% |
| 1993 | 768.40 million current US$ | -41.7% |
| 1994 | 925.82 million current US$ | +20.5% |
| 1995 | 1.45 billion current US$ | +56.9% |
| 1996 | 1.35 billion current US$ | -7.3% |
| 1997 | 1.18 billion current US$ | -12.2% |
| 1998 | 1.12 billion current US$ | -4.8% |
| 1999 | 1.06 billion current US$ | -6.0% |
| 2000 | 1.14 billion current US$ | +7.5% |
| 2001 | 1.27 billion current US$ | +11.5% |
| 2002 | 1.40 billion current US$ | +10.1% |
| 2003 | 1.60 billion current US$ | +14.2% |
| 2004 | 1.99 billion current US$ | +24.9% |
| 2005 | 2.52 billion current US$ | +26.7% |
| 2006 | 3.41 billion current US$ | +35.3% |
| 2007 | 4.24 billion current US$ | +24.0% |
| 2008 | 5.62 billion current US$ | +32.8% |
| 2009 | 4.58 billion current US$ | -18.5% |
| 2010 | 7.19 billion current US$ | +56.8% |
| 2011 | 10.41 billion current US$ | +44.8% |
| 2012 | 12.29 billion current US$ | +18.1% |
| 2013 | 12.58 billion current US$ | +2.4% |
| 2014 | 12.23 billion current US$ | -2.8% |
| 2015 | 11.62 billion current US$ | -5.0% |
| 2016 | 11.18 billion current US$ | -3.8% |
| 2017 | 11.48 billion current US$ | +2.7% |
| 2018 | 13.18 billion current US$ | +14.8% |
| 2019 | 14.21 billion current US$ | +7.8% |
| 2020 | 13.31 billion current US$ | -6.3% |
| 2021 | 15.29 billion current US$ | +14.8% |
| 2022 | 17.15 billion current US$ | +12.2% |
| 2023 | 20.33 billion current US$ | +18.5% |
| 2024 | 23.79 billion current US$ | +17.1% |
| 2025 | 25.37 billion current US$ | +6.6% |
Mongolia compared with similar countries
- Mongolia's 25.37 billion current US$ is below the median for upper middle income countries, which is 48.10 billion current US$, 53% of the median. (59 countries reporting)
- Mongolia's 25.37 billion current US$ is above the median for East Asia & Pacific, which is 16.67 billion current US$, 1.5× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.67 billion current US$ | 2.10 billion current US$ | 3.58 billion current US$ | 10 |
| 1990s | 1.41 billion current US$ | 768.40 million current US$ | 2.56 billion current US$ | 10 |
| 2000s | 2.78 billion current US$ | 1.14 billion current US$ | 5.62 billion current US$ | 10 |
| 2010s | 11.64 billion current US$ | 7.19 billion current US$ | 14.21 billion current US$ | 10 |
| 2020s | 19.21 billion current US$ | 13.31 billion current US$ | 25.37 billion current US$ | 6 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 55.47 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0023 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.78 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.79 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1169 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 789.32 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gdp in Mongolia?
- Gdp in Mongolia was 25.37 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Mongolia?
- The highest recorded value was 25.37 billion current US$ in 2025.
- What is the lowest gdp recorded in Mongolia?
- The lowest recorded value was 768.40 million current US$ in 1993.
- How does Mongolia rank for gdp?
- Mongolia ranks 124th out of 214 countries with data for 2025.
- Is gdp rising or falling in Mongolia?
- Over the last ten years it is up 118.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.