Gross domestic product (GDP), annual growth rate in Mongolia
Mongolia: Gross domestic product (GDP), annual growth rate was 11.24 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Mongolia, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product (gdp), annual growth rate in Mongolia is 11.24 % change on previous year, measured in 2023.
Compared with earlier readings it is up 52.3% on the previous year and up 700.4% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Mongolia peaked at 43.6 % change on previous year in 1990 and was at its lowest, -26.71 % change on previous year, in 1991.
Mongolia ranks 8th of 184 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Mongolia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.73 % change on previous year | — |
| 1972 | 3.56 % change on previous year | -24.8% |
| 1973 | 8.82 % change on previous year | +147.9% |
| 1974 | 4.35 % change on previous year | -50.7% |
| 1975 | 5.92 % change on previous year | +36.1% |
| 1976 | 3.68 % change on previous year | -37.8% |
| 1977 | 9.83 % change on previous year | +167.2% |
| 1978 | 4.53 % change on previous year | -54.0% |
| 1979 | 4.39 % change on previous year | -3.1% |
| 1980 | 15.63 % change on previous year | +256.3% |
| 1981 | -9.12 % change on previous year | -158.4% |
| 1982 | 18.5 % change on previous year | -302.9% |
| 1983 | 14.75 % change on previous year | -20.3% |
| 1984 | 13.94 % change on previous year | -5.5% |
| 1985 | 0.3777 % change on previous year | -97.3% |
| 1986 | 8.18 % change on previous year | +2065.1% |
| 1987 | 9.44 % change on previous year | +15.4% |
| 1988 | 5.89 % change on previous year | -37.6% |
| 1989 | -0.4203 % change on previous year | -107.1% |
| 1990 | 43.6 % change on previous year | -10474.2% |
| 1991 | -26.71 % change on previous year | -161.3% |
| 1992 | -4.19 % change on previous year | -84.3% |
| 1993 | -19.42 % change on previous year | +363.4% |
| 1994 | 6.01 % change on previous year | -131.0% |
| 1995 | 29.74 % change on previous year | +394.6% |
| 1996 | -5.63 % change on previous year | -118.9% |
| 1997 | 4.89 % change on previous year | -186.8% |
| 1998 | 0.3508 % change on previous year | -92.8% |
| 1999 | 5.71 % change on previous year | +1528.8% |
| 2000 | 12.84 % change on previous year | +124.7% |
| 2001 | 11.2 % change on previous year | -12.7% |
| 2002 | 9.45 % change on previous year | -15.7% |
| 2003 | 8.72 % change on previous year | -7.7% |
| 2004 | 17.95 % change on previous year | +105.9% |
| 2005 | 18.35 % change on previous year | +2.2% |
| 2006 | 17.9 % change on previous year | -2.5% |
| 2007 | 15.67 % change on previous year | -12.5% |
| 2008 | 8.77 % change on previous year | -44.0% |
| 2009 | -5.07 % change on previous year | -157.8% |
| 2010 | 19.46 % change on previous year | -483.8% |
| 2011 | 26.55 % change on previous year | +36.5% |
| 2012 | 16 % change on previous year | -39.8% |
| 2013 | -1.87 % change on previous year | -111.7% |
| 2014 | -3.17 % change on previous year | +69.2% |
| 2015 | -3.75 % change on previous year | +18.5% |
| 2016 | -0.7597 % change on previous year | -79.8% |
| 2017 | 3.24 % change on previous year | -526.9% |
| 2018 | 9.81 % change on previous year | +202.4% |
| 2019 | 10.3 % change on previous year | +5.0% |
| 2020 | -0.4039 % change on previous year | -103.9% |
| 2021 | -2.28 % change on previous year | +465.7% |
| 2022 | 7.38 % change on previous year | -423.0% |
| 2023 | 11.24 % change on previous year | +52.3% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1990 | +10474.2% | -0.4203 % change on previous year | 43.6 % change on previous year |
| 1986 | +2065.1% | 0.3777 % change on previous year | 8.18 % change on previous year |
| 1999 | +1528.8% | 0.3508 % change on previous year | 5.71 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.53 % change on previous year | 3.56 % change on previous year | 9.83 % change on previous year | 9 |
| 1980s | 7.72 % change on previous year | -9.12 % change on previous year | 18.5 % change on previous year | 10 |
| 1990s | 3.44 % change on previous year | -26.71 % change on previous year | 43.6 % change on previous year | 10 |
| 2000s | 11.58 % change on previous year | -5.07 % change on previous year | 18.35 % change on previous year | 10 |
| 2010s | 7.58 % change on previous year | -3.75 % change on previous year | 26.55 % change on previous year | 10 |
| 2020s | 3.98 % change on previous year | -2.28 % change on previous year | 11.24 % change on previous year | 4 |
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 gross domestic product (gdp), annual growth rate in Mongolia?
- Gross domestic product (gdp), annual growth rate in Mongolia was 11.24 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Mongolia?
- The highest recorded value was 43.6 % change on previous year in 1990.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Mongolia?
- The lowest recorded value was -26.71 % change on previous year in 1991.
- How does Mongolia rank for gross domestic product (gdp), annual growth rate?
- Mongolia ranks 8th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Mongolia?
- Over the last ten years it is up 700.4%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.