Gross domestic product (GDP) in Mongolia
Mongolia: Gross domestic product (GDP) was 63.43 billion international-$ in 2021 prices in 2025. ◆ Volatile
Latest (2025)
63.43 billion international-$ in 2021 prices
Change on year
up 6.8%
World rank
115th
of 198 countries
All-time high
63.43 billion international-$ in 2021 prices
in 2025
All-time low
11.18 billion international-$ in 2021 prices
in 1993
Years of data
36
1990–2025
Gross domestic product (GDP) in Mongolia, 1990–2025
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2025, gross domestic product (gdp) in Mongolia stood at 63.43 billion international-$ in 2021 prices. That is the highest value across all 36 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 63.43 billion international-$ in 2021 prices in 2025 and was at its lowest, 11.18 billion international-$ in 2021 prices, in 1993.
That places Mongolia 115th out of 198 countries with data for 2025, putting it 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 2021 prices | Change |
|---|---|---|
| 1990 | 13.93 billion international-$ in 2021 prices | — |
| 1991 | 12.72 billion international-$ in 2021 prices | -8.7% |
| 1992 | 11.54 billion international-$ in 2021 prices | -9.3% |
| 1993 | 11.18 billion international-$ in 2021 prices | -3.2% |
| 1994 | 11.42 billion international-$ in 2021 prices | +2.1% |
| 1995 | 12.14 billion international-$ in 2021 prices | +6.4% |
| 1996 | 12.41 billion international-$ in 2021 prices | +2.2% |
| 1997 | 12.90 billion international-$ in 2021 prices | +3.9% |
| 1998 | 13.33 billion international-$ in 2021 prices | +3.3% |
| 1999 | 13.74 billion international-$ in 2021 prices | +3.1% |
| 2000 | 13.90 billion international-$ in 2021 prices | +1.1% |
| 2001 | 14.31 billion international-$ in 2021 prices | +3.0% |
| 2002 | 14.98 billion international-$ in 2021 prices | +4.7% |
| 2003 | 16.03 billion international-$ in 2021 prices | +7.0% |
| 2004 | 17.74 billion international-$ in 2021 prices | +10.6% |
| 2005 | 19.02 billion international-$ in 2021 prices | +7.3% |
| 2006 | 20.65 billion international-$ in 2021 prices | +8.6% |
| 2007 | 22.77 billion international-$ in 2021 prices | +10.2% |
| 2008 | 24.79 billion international-$ in 2021 prices | +8.9% |
| 2009 | 24.48 billion international-$ in 2021 prices | -1.3% |
| 2010 | 26.04 billion international-$ in 2021 prices | +6.4% |
| 2011 | 30.54 billion international-$ in 2021 prices | +17.3% |
| 2012 | 34.30 billion international-$ in 2021 prices | +12.3% |
| 2013 | 38.30 billion international-$ in 2021 prices | +11.6% |
| 2014 | 41.32 billion international-$ in 2021 prices | +7.9% |
| 2015 | 42.30 billion international-$ in 2021 prices | +2.4% |
| 2016 | 42.93 billion international-$ in 2021 prices | +1.5% |
| 2017 | 45.35 billion international-$ in 2021 prices | +5.6% |
| 2018 | 48.86 billion international-$ in 2021 prices | +7.7% |
| 2019 | 51.60 billion international-$ in 2021 prices | +5.6% |
| 2020 | 49.25 billion international-$ in 2021 prices | -4.6% |
| 2021 | 50.05 billion international-$ in 2021 prices | +1.6% |
| 2022 | 52.57 billion international-$ in 2021 prices | +5.0% |
| 2023 | 56.47 billion international-$ in 2021 prices | +7.4% |
| 2024 | 59.37 billion international-$ in 2021 prices | +5.1% |
| 2025 | 63.43 billion international-$ in 2021 prices | +6.8% |
Mongolia compared with similar countries
- Mongolia's 63.43 billion international-$ in 2021 prices is below the median for upper middle income countries, which is 105.30 billion international-$ in 2021 prices, 60% of the median. (57 countries reporting)
- Mongolia's 63.43 billion international-$ in 2021 prices is below the median for East Asia & Pacific, which is 69.86 billion international-$ in 2021 prices, 91% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.53 billion international-$ in 2021 prices | 11.18 billion international-$ in 2021 prices | 13.93 billion international-$ in 2021 prices | 10 |
| 2000s | 18.87 billion international-$ in 2021 prices | 13.90 billion international-$ in 2021 prices | 24.79 billion international-$ in 2021 prices | 10 |
| 2010s | 40.15 billion international-$ in 2021 prices | 26.04 billion international-$ in 2021 prices | 51.60 billion international-$ in 2021 prices | 10 |
| 2020s | 55.19 billion international-$ in 2021 prices | 49.25 billion international-$ in 2021 prices | 63.43 billion international-$ in 2021 prices | 6 |
Countries ranked near Mongolia
- 112 Bosnia and Herzegovina 66.50 billion international-$ in 2021 prices compare
- 113 Armenia 65.29 billion international-$ in 2021 prices compare
- 114 Guinea 63.67 billion international-$ in 2021 prices compare
- 116 Burkina Faso 63.19 billion international-$ in 2021 prices compare
- 117 Benin 60.98 billion international-$ in 2021 prices compare
- 118 Lebanon 60.78 billion international-$ in 2021 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Mongolia?
- Gross domestic product (gdp) in Mongolia was 63.43 billion international-$ in 2021 prices in 2025, according to Eurostat, OECD, IMF, and World Bank (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 63.43 billion international-$ in 2021 prices in 2025.
- What is the lowest gross domestic product (gdp) recorded in Mongolia?
- The lowest recorded value was 11.18 billion international-$ in 2021 prices in 1993.
- How does Mongolia rank for gross domestic product (gdp)?
- Mongolia ranks 115th out of 198 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 Eurostat, OECD, IMF, and World Bank (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 for inflation and differences in living costs between countries.