Gross Domestic Product, GDP in millions constant 2021 international $ in Mongolia
Mongolia: Gross Domestic Product, GDP in millions constant 2021 international $ was 69,690 in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Mongolia, 1991–2027
Source: International Labour Organization.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in Mongolia is 69,690, measured in 2027. That is the highest value across all 37 years on record.
The figure is up 5.5% on the previous year and up 53.7% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Mongolia peaked at 69,690 in 2027 and was at its lowest, 11,177, in 1993.
That places Mongolia 119th out of 188 countries with data for 2027, 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 millions constant 2021 international $ in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 12,720 | — |
| 1992 | 11,542 | -9.3% |
| 1993 | 11,177 | -3.2% |
| 1994 | 11,415 | +2.1% |
| 1995 | 12,143 | +6.4% |
| 1996 | 12,414 | +2.2% |
| 1997 | 12,898 | +3.9% |
| 1998 | 13,329 | +3.3% |
| 1999 | 13,738 | +3.1% |
| 2000 | 13,896 | +1.1% |
| 2001 | 14,306 | +3.0% |
| 2002 | 14,983 | +4.7% |
| 2003 | 16,033 | +7.0% |
| 2004 | 17,736 | +10.6% |
| 2005 | 19,023 | +7.3% |
| 2006 | 20,650 | +8.6% |
| 2007 | 22,766 | +10.2% |
| 2008 | 24,793 | +8.9% |
| 2009 | 24,478 | -1.3% |
| 2010 | 26,036 | +6.4% |
| 2011 | 30,538 | +17.3% |
| 2012 | 34,301 | +12.3% |
| 2013 | 38,296 | +11.6% |
| 2014 | 41,316 | +7.9% |
| 2015 | 42,299 | +2.4% |
| 2016 | 42,929 | +1.5% |
| 2017 | 45,349 | +5.6% |
| 2018 | 48,862 | +7.7% |
| 2019 | 51,599 | +5.6% |
| 2020 | 49,247 | -4.6% |
| 2021 | 50,053 | +1.6% |
| 2022 | 52,572 | +5.0% |
| 2023 | 56,474 | +7.4% |
| 2024 | 59,367 | +5.1% |
| 2025 | 62,630 | +5.5% |
| 2026 | 66,076 | +5.5% |
| 2027 | 69,690 | +5.5% |
Mongolia compared with similar countries
- Mongolia's 69,690 is below the median for upper middle income countries, which is 133,081, 52% of the median. (53 countries reporting)
- Mongolia's 69,690 is below the median for East Asia & Pacific, which is 84,340, 83% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12,375 | 11,177 | 13,738 | 9 |
| 2000s | 18,866 | 13,896 | 24,793 | 10 |
| 2010s | 40,153 | 26,036 | 51,599 | 10 |
| 2020s | 58,264 | 49,247 | 69,690 | 8 |
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 in millions constant 2021 international $ in Mongolia?
- Gross domestic product, gdp in millions constant 2021 international $ in Mongolia was 69,690 in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Mongolia?
- The highest recorded value was 69,690 in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Mongolia?
- The lowest recorded value was 11,177 in 1993.
- How does Mongolia rank for gross domestic product, gdp in millions constant 2021 international $?
- Mongolia ranks 119th out of 188 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 up 53.7%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.