Gross domestic product (GDP) by world region in Mongolia
Mongolia: Gross domestic product (GDP) by world region was 44.81 billion international-$ in 2011 prices in 2022. ◆ Volatile
Gross domestic product (GDP) by world region 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
In 2022, gross domestic product (gdp) by world region in Mongolia stood at 44.81 billion international-$ in 2011 prices. 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) by world region 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 113th of 165 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.
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
- 110 Honduras 49.74 billion international-$ in 2011 prices compare
- 111 Lebanon 48.74 billion international-$ in 2011 prices compare
- 112 Bosnia and Herzegovina 47.07 billion international-$ in 2011 prices compare
- 114 Korea, Dem. People's Rep. 40.49 billion international-$ in 2011 prices compare
- 115 Estonia 40.00 billion international-$ in 2011 prices compare
- 116 Armenia 39.72 billion international-$ in 2011 prices compare
More economy & growth data for Mongolia
- External balance on goods and services as a percent of GDP 5.4% (2025)
- Inflation of consumer prices 8.6% (2025)
- GDP per capita 4,882 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.9% (2025)
- Gross domestic product (GDP) 17.42 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,882 constant 2015 US$ (2025)
- DEC alternative conversion factor 3,545 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 355.63 million current US$ (2025)
- Taxes less subsidies on products 8.52 trillion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) by world region in Mongolia?
- Gross domestic product (gdp) by world region 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) by world region 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) by world region 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) by world region?
- Mongolia ranks 113th out of 165 countries with data for 2022.
- Is gross domestic product (gdp) by world region 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) by world region. 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.