Gross Domestic Product, GDP in millions constant 2021 international $ in Mongolia
Mongolia: Gross Domestic Product, GDP in millions constant 2021 international $ was 5.47 % change on previous year in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Mongolia, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Mongolia recorded 5.47 % change on previous year for gross domestic product, gdp in millions constant 2021 international $ in 2027.
That represents a change of down 0.5% on the previous year and down 2.9% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Mongolia peaked at 17.29 % change on previous year in 2011 and was at its lowest, -9.26 % change on previous year, in 1992.
Mongolia ranks 24th of 189 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product, GDP in millions constant 2021 international $ in Mongolia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | -9.26 % change on previous year | — |
| 1993 | -3.17 % change on previous year | -65.8% |
| 1994 | 2.13 % change on previous year | -167.4% |
| 1995 | 6.38 % change on previous year | +198.7% |
| 1996 | 2.24 % change on previous year | -64.9% |
| 1997 | 3.9 % change on previous year | +74.3% |
| 1998 | 3.34 % change on previous year | -14.3% |
| 1999 | 3.07 % change on previous year | -8.1% |
| 2000 | 1.15 % change on previous year | -62.7% |
| 2001 | 2.95 % change on previous year | +157.7% |
| 2002 | 4.73 % change on previous year | +60.3% |
| 2003 | 7 % change on previous year | +48.0% |
| 2004 | 10.63 % change on previous year | +51.7% |
| 2005 | 7.25 % change on previous year | -31.7% |
| 2006 | 8.56 % change on previous year | +18.0% |
| 2007 | 10.25 % change on previous year | +19.8% |
| 2008 | 8.9 % change on previous year | -13.1% |
| 2009 | -1.27 % change on previous year | -114.3% |
| 2010 | 6.37 % change on previous year | -601.8% |
| 2011 | 17.29 % change on previous year | +171.6% |
| 2012 | 12.32 % change on previous year | -28.7% |
| 2013 | 11.65 % change on previous year | -5.4% |
| 2014 | 7.89 % change on previous year | -32.3% |
| 2015 | 2.38 % change on previous year | -69.8% |
| 2016 | 1.49 % change on previous year | -37.4% |
| 2017 | 5.64 % change on previous year | +278.3% |
| 2018 | 7.75 % change on previous year | +37.4% |
| 2019 | 5.6 % change on previous year | -27.7% |
| 2020 | -4.56 % change on previous year | -181.4% |
| 2021 | 1.64 % change on previous year | -135.9% |
| 2022 | 5.03 % change on previous year | +207.5% |
| 2023 | 7.42 % change on previous year | +47.5% |
| 2024 | 5.12 % change on previous year | -31.0% |
| 2025 | 5.5 % change on previous year | +7.3% |
| 2026 | 5.5 % change on previous year | +0.1% |
| 2027 | 5.47 % change on previous year | -0.5% |
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ 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 |
|---|---|---|---|
| 2010 | +601.8% | -1.27 % change on previous year | 6.37 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.08 % change on previous year | -9.26 % change on previous year | 6.38 % change on previous year | 8 |
| 2000s | 6.02 % change on previous year | -1.27 % change on previous year | 10.63 % change on previous year | 10 |
| 2010s | 7.84 % change on previous year | 1.49 % change on previous year | 17.29 % change on previous year | 10 |
| 2020s | 3.89 % change on previous year | -4.56 % change on previous year | 7.42 % change on previous year | 8 |
Countries ranked near Mongolia
- 21 Bhutan 5.54 % change on previous year compare
- 22 Togo 5.5 % change on previous year compare
- 23 Armenia 5.5 % change on previous year compare
- 25 Congo, Democratic Republic of the 5.4 % change on previous year compare
- 26 Mali 5.2 % change on previous year compare
- 27 Georgia 5.04 % change on previous year 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 millions constant 2021 international $ in Mongolia?
- Gross domestic product, gdp in millions constant 2021 international $ in Mongolia was 5.47 % change on previous year in 2027, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Mongolia?
- The highest recorded value was 17.29 % change on previous year in 2011.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Mongolia?
- The lowest recorded value was -9.26 % change on previous year in 1992.
- How does Mongolia rank for gross domestic product, gdp in millions constant 2021 international $?
- Mongolia ranks 24th out of 189 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Mongolia?
- Over the last ten years it is down 2.9%. 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 in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 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 in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
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 in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.