Gross Domestic Product … Standard Local Currency annual growth rate in Mongolia
Mongolia: Gross Domestic Product … Standard Local Currency annual growth rate was 4.86 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Mongolia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Mongolia recorded 4.86 % change on previous year for gross domestic product — value standard local currency, 2015 prices in 2024.
The figure is down 30.7% on the previous year and down 38.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices 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.
That places Mongolia 44th out of 223 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product … Standard Local Currency annual growth rate in Mongolia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.69 % change on previous year | — |
| 1972 | 3.61 % change on previous year | -23.0% |
| 1973 | 8.91 % change on previous year | +146.8% |
| 1974 | 4.22 % change on previous year | -52.6% |
| 1975 | 6.51 % change on previous year | +54.3% |
| 1976 | 3.9 % change on previous year | -40.1% |
| 1977 | 7.79 % change on previous year | +99.4% |
| 1978 | 7.52 % change on previous year | -3.4% |
| 1979 | 4.26 % change on previous year | -43.3% |
| 1980 | 6.44 % change on previous year | +51.1% |
| 1981 | 8.38 % change on previous year | +30.0% |
| 1982 | 8.33 % change on previous year | -0.5% |
| 1983 | 5.79 % change on previous year | -30.5% |
| 1984 | 5.91 % change on previous year | +2.1% |
| 1985 | 5.68 % change on previous year | -4.0% |
| 1986 | 9.43 % change on previous year | +66.0% |
| 1987 | 3.54 % change on previous year | -62.4% |
| 1988 | 5.1 % change on previous year | +44.1% |
| 1989 | 4.18 % change on previous year | -18.1% |
| 1990 | -2.52 % change on previous year | -160.2% |
| 1991 | -8.69 % change on previous year | +245.5% |
| 1992 | -9.26 % change on previous year | +6.5% |
| 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 | +157.6% |
| 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 | 6.36 % change on previous year | -601.8% |
| 2011 | 17.29 % change on previous year | +171.7% |
| 2012 | 12.32 % change on previous year | -28.7% |
| 2013 | 11.65 % change on previous year | -5.4% |
| 2014 | 7.88 % change on previous year | -32.3% |
| 2015 | 1.25 % change on previous year | -84.1% |
| 2016 | 1.49 % change on previous year | +19.2% |
| 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 | 7.02 % change on previous year | +39.6% |
| 2024 | 4.86 % change on previous year | -30.7% |
Mongolia compared with similar countries
- Mongolia's 4.86 % change on previous year is above the median for upper middle income countries, which is 3.3 % change on previous year, 1.5× the median. (54 countries reporting)
- Mongolia's 4.86 % change on previous year is above the median for East Asia & Pacific, which is 3.9 % change on previous year, 1.2× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product … Standard Local Currency 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 |
|---|---|---|---|
| 2010 | +601.8% | -1.27 % change on previous year | 6.36 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.71 % change on previous year | 3.61 % change on previous year | 8.91 % change on previous year | 9 |
| 1980s | 6.28 % change on previous year | 3.54 % change on previous year | 9.43 % change on previous year | 10 |
| 1990s | -0.2582 % change on previous year | -9.26 % change on previous year | 6.38 % change on previous year | 10 |
| 2000s | 6.02 % change on previous year | -1.27 % change on previous year | 10.63 % change on previous year | 10 |
| 2010s | 7.72 % change on previous year | 1.25 % change on previous year | 17.29 % change on previous year | 10 |
| 2020s | 2.8 % change on previous year | -4.56 % change on previous year | 7.02 % change on previous year | 5 |
Countries ranked near Mongolia
- 41 Mali 5 % change on previous year compare
- 42 Burkina Faso 4.99 % change on previous year compare
- 43 Dominican Republic 4.95 % change on previous year compare
- 45 Guinea-Bissau 4.81 % change on previous year compare
- 46 Kazakhstan 4.8 % change on previous year compare
- 47 Liberia 4.79 % change on previous year compare
More economy & growth data for Mongolia
- Real gdp growth, annual growth rate 33.62 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate -2.15 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 24.74 units per person (2025)
- SDRs holdings, SDR, annual growth rate -6.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 18.07 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -22.42 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Mongolia?
- Gross domestic product — value standard local currency, 2015 prices in Mongolia was 4.86 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Mongolia?
- The highest recorded value was 17.29 % change on previous year in 2011.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Mongolia?
- The lowest recorded value was -9.26 % change on previous year in 1992.
- How does Mongolia rank for gross domestic product — value standard local currency, 2015 prices?
- Mongolia ranks 44th out of 223 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Mongolia?
- Over the last ten years it is down 38.3%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.