Gross domestic product (GDP) in Mongolia
Mongolia: Gross domestic product (GDP) was 44.81 billion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
44.81 billion international-$ in 2011 prices
Change on year
up 5.0%
World rank
114th
of 166 countries
All-time high
44.81 billion international-$ in 2011 prices
in 2022
All-time low
527.38 million international-$ in 2011 prices
in 1950
Years of data
73
1950–2022
Gross domestic product (GDP) in Mongolia, 1950–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
Mongolia recorded 44.81 billion international-$ in 2011 prices for gross domestic product (gdp) in 2022. That is the highest value across all 73 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 48.8% over ten years.
Over the whole period, gross domestic product (gdp) in Mongolia peaked at 44.81 billion international-$ in 2011 prices in 2022 and was at its lowest, 527.38 million international-$ in 2011 prices, in 1950.
Mongolia ranks 114th of 166 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.
Gross domestic product (GDP) in Mongolia, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1950 | 527.38 million international-$ in 2011 prices | — |
| 1951 | 549.93 million international-$ in 2011 prices | +4.3% |
| 1952 | 575.92 million international-$ in 2011 prices | +4.7% |
| 1953 | 603.17 million international-$ in 2011 prices | +4.7% |
| 1954 | 632.59 million international-$ in 2011 prices | +4.9% |
| 1955 | 663.38 million international-$ in 2011 prices | +4.9% |
| 1956 | 698.22 million international-$ in 2011 prices | +5.3% |
| 1957 | 736.47 million international-$ in 2011 prices | +5.5% |
| 1958 | 776.54 million international-$ in 2011 prices | +5.4% |
| 1959 | 822.16 million international-$ in 2011 prices | +5.9% |
| 1960 | 870.96 million international-$ in 2011 prices | +5.9% |
| 1961 | 922.10 million international-$ in 2011 prices | +5.9% |
| 1962 | 975.66 million international-$ in 2011 prices | +5.8% |
| 1963 | 1.03 billion international-$ in 2011 prices | +5.2% |
| 1964 | 1.09 billion international-$ in 2011 prices | +6.1% |
| 1965 | 1.15 billion international-$ in 2011 prices | +5.7% |
| 1966 | 1.22 billion international-$ in 2011 prices | +5.6% |
| 1967 | 1.29 billion international-$ in 2011 prices | +6.1% |
| 1968 | 1.36 billion international-$ in 2011 prices | +5.6% |
| 1969 | 1.44 billion international-$ in 2011 prices | +5.9% |
| 1970 | 1.53 billion international-$ in 2011 prices | +6.0% |
| 1971 | 1.60 billion international-$ in 2011 prices | +4.5% |
| 1972 | 1.66 billion international-$ in 2011 prices | +3.8% |
| 1973 | 1.81 billion international-$ in 2011 prices | +8.9% |
| 1974 | 1.88 billion international-$ in 2011 prices | +4.2% |
| 1975 | 2.01 billion international-$ in 2011 prices | +6.5% |
| 1976 | 2.08 billion international-$ in 2011 prices | +3.9% |
| 1977 | 2.25 billion international-$ in 2011 prices | +7.8% |
| 1978 | 2.42 billion international-$ in 2011 prices | +7.6% |
| 1979 | 2.52 billion international-$ in 2011 prices | +4.1% |
| 1980 | 2.68 billion international-$ in 2011 prices | +6.4% |
| 1981 | 2.90 billion international-$ in 2011 prices | +8.4% |
| 1982 | 3.15 billion international-$ in 2011 prices | +8.3% |
| 1983 | 3.33 billion international-$ in 2011 prices | +5.8% |
| 1984 | 3.52 billion international-$ in 2011 prices | +5.9% |
| 1985 | 3.73 billion international-$ in 2011 prices | +5.7% |
| 1986 | 4.08 billion international-$ in 2011 prices | +9.4% |
| 1987 | 4.22 billion international-$ in 2011 prices | +3.6% |
| 1988 | 4.44 billion international-$ in 2011 prices | +5.1% |
| 1989 | 4.62 billion international-$ in 2011 prices | +4.1% |
| 1990 | 4.50 billion international-$ in 2011 prices | -2.5% |
| 1991 | 4.29 billion international-$ in 2011 prices | -4.8% |
| 1992 | 4.07 billion international-$ in 2011 prices | -5.1% |
| 1993 | 4.14 billion international-$ in 2011 prices | +1.7% |
| 1994 | 4.44 billion international-$ in 2011 prices | +7.3% |
| 1995 | 4.95 billion international-$ in 2011 prices | +11.5% |
| 1996 | 5.32 billion international-$ in 2011 prices | +7.4% |
| 1997 | 5.80 billion international-$ in 2011 prices | +9.0% |
| 1998 | 6.30 billion international-$ in 2011 prices | +8.6% |
| 1999 | 6.82 billion international-$ in 2011 prices | +8.3% |
| 2000 | 7.23 billion international-$ in 2011 prices | +6.0% |
| 2001 | 7.80 billion international-$ in 2011 prices | +7.9% |
| 2002 | 8.57 billion international-$ in 2011 prices | +9.9% |
| 2003 | 9.62 billion international-$ in 2011 prices | +12.2% |
| 2004 | 11.16 billion international-$ in 2011 prices | +16.0% |
| 2005 | 12.55 billion international-$ in 2011 prices | +12.5% |
| 2006 | 14.29 billion international-$ in 2011 prices | +13.9% |
| 2007 | 16.52 billion international-$ in 2011 prices | +15.6% |
| 2008 | 18.87 billion international-$ in 2011 prices | +14.2% |
| 2009 | 19.53 billion international-$ in 2011 prices | +3.5% |
| 2010 | 21.79 billion international-$ in 2011 prices | +11.6% |
| 2011 | 26.81 billion international-$ in 2011 prices | +23.0% |
| 2012 | 30.11 billion international-$ in 2011 prices | +12.3% |
| 2013 | 33.62 billion international-$ in 2011 prices | +11.6% |
| 2014 | 36.27 billion international-$ in 2011 prices | +7.9% |
| 2015 | 37.11 billion international-$ in 2011 prices | +2.3% |
| 2016 | 37.32 billion international-$ in 2011 prices | +0.6% |
| 2017 | 39.05 billion international-$ in 2011 prices | +4.6% |
| 2018 | 41.65 billion international-$ in 2011 prices | +6.6% |
| 2019 | 43.98 billion international-$ in 2011 prices | +5.6% |
| 2020 | 41.98 billion international-$ in 2011 prices | -4.6% |
| 2021 | 42.66 billion international-$ in 2011 prices | +1.6% |
| 2022 | 44.81 billion international-$ in 2011 prices | +5.0% |
Mongolia compared with similar countries
- Mongolia's 44.81 billion international-$ in 2011 prices is below the median for upper middle income countries, which is 146.22 billion international-$ in 2011 prices, 31% of the median. (47 countries reporting)
- Mongolia's 44.81 billion international-$ in 2011 prices is below the median for East Asia & Pacific, which is 833.80 billion international-$ in 2011 prices, 5% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 658.58 million international-$ in 2011 prices | 527.38 million international-$ in 2011 prices | 822.16 million international-$ in 2011 prices | 10 |
| 1960s | 1.14 billion international-$ in 2011 prices | 870.96 million international-$ in 2011 prices | 1.44 billion international-$ in 2011 prices | 10 |
| 1970s | 1.97 billion international-$ in 2011 prices | 1.53 billion international-$ in 2011 prices | 2.52 billion international-$ in 2011 prices | 10 |
| 1980s | 3.67 billion international-$ in 2011 prices | 2.68 billion international-$ in 2011 prices | 4.62 billion international-$ in 2011 prices | 10 |
| 1990s | 5.06 billion international-$ in 2011 prices | 4.07 billion international-$ in 2011 prices | 6.82 billion international-$ in 2011 prices | 10 |
| 2000s | 12.61 billion international-$ in 2011 prices | 7.23 billion international-$ in 2011 prices | 19.53 billion international-$ in 2011 prices | 10 |
| 2010s | 34.77 billion international-$ in 2011 prices | 21.79 billion international-$ in 2011 prices | 43.98 billion international-$ in 2011 prices | 10 |
| 2020s | 43.15 billion international-$ in 2011 prices | 41.98 billion international-$ in 2011 prices | 44.81 billion international-$ in 2011 prices | 3 |
Countries ranked near Mongolia
- 111 Honduras 49.74 billion international-$ in 2011 prices compare
- 112 Lebanon 48.74 billion international-$ in 2011 prices compare
- 113 Bosnia and Herzegovina 47.07 billion international-$ in 2011 prices compare
- 115 North Korea 40.49 billion international-$ in 2011 prices compare
- 116 Estonia 40.00 billion international-$ in 2011 prices compare
- 117 Armenia 39.72 billion international-$ in 2011 prices compare
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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Mongolia?
- Gross domestic product (gdp) in Mongolia was 44.81 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Mongolia?
- The highest recorded value was 44.81 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Mongolia?
- The lowest recorded value was 527.38 million international-$ in 2011 prices in 1950.
- How does Mongolia rank for gross domestic product (gdp)?
- Mongolia ranks 114th out of 166 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Mongolia?
- Over the last ten years it is up 48.8%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.