Gross domestic product (GDP) in Mongolia
Mongolia: Gross domestic product (GDP) was 17.42 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
17.42 billion constant 2015 US$
Change on year
up 6.8%
World rank
126th
of 209 countries
All-time high
17.42 billion constant 2015 US$
in 2025
All-time low
2.48 billion constant 2015 US$
in 1981
Years of data
45
1981–2025
Gross domestic product (GDP) in Mongolia, 1981–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data. Measured in constant 2015 US$.
Analysis
Mongolia recorded 17.42 billion constant 2015 US$ for gross domestic product (gdp) in 2025. That is the highest value across all 45 years on record.
That represents a change of up 6.8% on the previous year and up 50.0% over ten years.
Over the whole period, gross domestic product (gdp) in Mongolia peaked at 17.42 billion constant 2015 US$ in 2025 and was at its lowest, 2.48 billion constant 2015 US$, in 1981.
Mongolia ranks 126th of 209 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) in Mongolia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1981 | 2.48 billion constant 2015 US$ | — |
| 1982 | 2.69 billion constant 2015 US$ | +8.3% |
| 1983 | 2.85 billion constant 2015 US$ | +5.8% |
| 1984 | 3.02 billion constant 2015 US$ | +5.9% |
| 1985 | 3.19 billion constant 2015 US$ | +5.7% |
| 1986 | 3.49 billion constant 2015 US$ | +9.4% |
| 1987 | 3.61 billion constant 2015 US$ | +3.5% |
| 1988 | 3.79 billion constant 2015 US$ | +5.1% |
| 1989 | 3.95 billion constant 2015 US$ | +4.2% |
| 1990 | 3.83 billion constant 2015 US$ | -3.2% |
| 1991 | 3.49 billion constant 2015 US$ | -8.7% |
| 1992 | 3.17 billion constant 2015 US$ | -9.3% |
| 1993 | 3.07 billion constant 2015 US$ | -3.2% |
| 1994 | 3.14 billion constant 2015 US$ | +2.1% |
| 1995 | 3.34 billion constant 2015 US$ | +6.4% |
| 1996 | 3.41 billion constant 2015 US$ | +2.2% |
| 1997 | 3.54 billion constant 2015 US$ | +3.9% |
| 1998 | 3.66 billion constant 2015 US$ | +3.3% |
| 1999 | 3.77 billion constant 2015 US$ | +3.1% |
| 2000 | 3.82 billion constant 2015 US$ | +1.1% |
| 2001 | 3.93 billion constant 2015 US$ | +3.0% |
| 2002 | 4.12 billion constant 2015 US$ | +4.7% |
| 2003 | 4.40 billion constant 2015 US$ | +7.0% |
| 2004 | 4.87 billion constant 2015 US$ | +10.6% |
| 2005 | 5.23 billion constant 2015 US$ | +7.3% |
| 2006 | 5.67 billion constant 2015 US$ | +8.6% |
| 2007 | 6.25 billion constant 2015 US$ | +10.2% |
| 2008 | 6.81 billion constant 2015 US$ | +8.9% |
| 2009 | 6.72 billion constant 2015 US$ | -1.3% |
| 2010 | 7.15 billion constant 2015 US$ | +6.4% |
| 2011 | 8.39 billion constant 2015 US$ | +17.3% |
| 2012 | 9.42 billion constant 2015 US$ | +12.3% |
| 2013 | 10.52 billion constant 2015 US$ | +11.6% |
| 2014 | 11.35 billion constant 2015 US$ | +7.9% |
| 2015 | 11.62 billion constant 2015 US$ | +2.4% |
| 2016 | 11.79 billion constant 2015 US$ | +1.5% |
| 2017 | 12.46 billion constant 2015 US$ | +5.6% |
| 2018 | 13.42 billion constant 2015 US$ | +7.7% |
| 2019 | 14.17 billion constant 2015 US$ | +5.6% |
| 2020 | 13.53 billion constant 2015 US$ | -4.6% |
| 2021 | 13.75 billion constant 2015 US$ | +1.6% |
| 2022 | 14.44 billion constant 2015 US$ | +5.0% |
| 2023 | 15.51 billion constant 2015 US$ | +7.4% |
| 2024 | 16.31 billion constant 2015 US$ | +5.1% |
| 2025 | 17.42 billion constant 2015 US$ | +6.8% |
Mongolia compared with similar countries
- Mongolia's 17.42 billion constant 2015 US$ is below the median for upper middle income countries, which is 51.02 billion constant 2015 US$, 34% of the median. (58 countries reporting)
- Mongolia's 17.42 billion constant 2015 US$ is above the median for East Asia & Pacific, which is 17.42 billion constant 2015 US$, 1.0× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.23 billion constant 2015 US$ | 2.48 billion constant 2015 US$ | 3.95 billion constant 2015 US$ | 9 |
| 1990s | 3.44 billion constant 2015 US$ | 3.07 billion constant 2015 US$ | 3.83 billion constant 2015 US$ | 10 |
| 2000s | 5.18 billion constant 2015 US$ | 3.82 billion constant 2015 US$ | 6.81 billion constant 2015 US$ | 10 |
| 2010s | 11.03 billion constant 2015 US$ | 7.15 billion constant 2015 US$ | 14.17 billion constant 2015 US$ | 10 |
| 2020s | 15.16 billion constant 2015 US$ | 13.53 billion constant 2015 US$ | 17.42 billion constant 2015 US$ | 6 |
Countries ranked near Mongolia
- 123 Burkina Faso 18.95 billion constant 2015 US$ compare
- 124 Chad 18.35 billion constant 2015 US$ compare
- 125 Armenia 17.49 billion constant 2015 US$ compare
- 127 Botswana 17.40 billion constant 2015 US$ compare
- 128 Jamaica 17.32 billion constant 2015 US$ compare
- 129 Gabon 17.22 billion constant 2015 US$ 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Mongolia?
- Gross domestic product (gdp) in Mongolia was 17.42 billion constant 2015 US$ in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Mongolia?
- The highest recorded value was 17.42 billion constant 2015 US$ in 2025.
- What is the lowest gross domestic product (gdp) recorded in Mongolia?
- The lowest recorded value was 2.48 billion constant 2015 US$ in 1981.
- How does Mongolia rank for gross domestic product (gdp)?
- Mongolia ranks 126th out of 209 countries with data for 2025.
- Is gross domestic product (gdp) rising or falling in Mongolia?
- Over the last ten years it is up 50.0%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor 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 by inflation but _does not_ account for differences in living costs between countries.