Gross Domestic Product — Value Standard Local Currency, 2015 prices in Mongolia
Mongolia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 0.0013 million SLC per US$ of GDP in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Mongolia, 1980–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Mongolia is 0.0013 million SLC per US$ of GDP, measured in 2024. That is the lowest value across all 45 years on record.
Compared with earlier readings it is down 10.4% on the previous year and down 27.4% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Mongolia peaked at 0.008 million SLC per US$ of GDP in 1993 and was at its lowest, 0.0013 million SLC per US$ of GDP, in 2024.
That places Mongolia 14th out of 193 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Mongolia, year by year
| Year | million SLC per US$ of GDP | Change |
|---|---|---|
| 1980 | 0.0022 million SLC per US$ of GDP | — |
| 1981 | 0.0021 million SLC per US$ of GDP | -1.4% |
| 1982 | 0.0021 million SLC per US$ of GDP | -2.0% |
| 1983 | 0.0021 million SLC per US$ of GDP | -0.9% |
| 1984 | 0.0028 million SLC per US$ of GDP | +37.6% |
| 1985 | 0.0029 million SLC per US$ of GDP | +1.4% |
| 1986 | 0.0024 million SLC per US$ of GDP | -17.4% |
| 1987 | 0.0024 million SLC per US$ of GDP | -0.7% |
| 1988 | 0.0023 million SLC per US$ of GDP | -0.9% |
| 1989 | 0.0022 million SLC per US$ of GDP | -6.7% |
| 1990 | 0.003 million SLC per US$ of GDP | +36.2% |
| 1991 | 0.0029 million SLC per US$ of GDP | -1.7% |
| 1992 | 0.0048 million SLC per US$ of GDP | +63.8% |
| 1993 | 0.008 million SLC per US$ of GDP | +66.0% |
| 1994 | 0.0067 million SLC per US$ of GDP | -15.2% |
| 1995 | 0.0046 million SLC per US$ of GDP | -32.2% |
| 1996 | 0.005 million SLC per US$ of GDP | +10.3% |
| 1997 | 0.006 million SLC per US$ of GDP | +18.4% |
| 1998 | 0.0065 million SLC per US$ of GDP | +8.5% |
| 1999 | 0.0071 million SLC per US$ of GDP | +9.6% |
| 2000 | 0.0067 million SLC per US$ of GDP | -5.9% |
| 2001 | 0.0062 million SLC per US$ of GDP | -7.7% |
| 2002 | 0.0059 million SLC per US$ of GDP | -4.9% |
| 2003 | 0.0055 million SLC per US$ of GDP | -6.3% |
| 2004 | 0.0049 million SLC per US$ of GDP | -11.4% |
| 2005 | 0.0041 million SLC per US$ of GDP | -15.3% |
| 2006 | 0.0033 million SLC per US$ of GDP | -19.8% |
| 2007 | 0.0029 million SLC per US$ of GDP | -11.1% |
| 2008 | 0.0024 million SLC per US$ of GDP | -18.0% |
| 2009 | 0.0029 million SLC per US$ of GDP | +21.1% |
| 2010 | 0.002 million SLC per US$ of GDP | -32.2% |
| 2011 | 0.0016 million SLC per US$ of GDP | -19.0% |
| 2012 | 0.0015 million SLC per US$ of GDP | -4.9% |
| 2013 | 0.0017 million SLC per US$ of GDP | +9.1% |
| 2014 | 0.0018 million SLC per US$ of GDP | +11.0% |
| 2015 | 0.002 million SLC per US$ of GDP | +6.5% |
| 2016 | 0.0021 million SLC per US$ of GDP | +5.5% |
| 2017 | 0.0021 million SLC per US$ of GDP | +2.9% |
| 2018 | 0.002 million SLC per US$ of GDP | -6.1% |
| 2019 | 0.002 million SLC per US$ of GDP | -2.0% |
| 2020 | 0.002 million SLC per US$ of GDP | +1.8% |
| 2021 | 0.0018 million SLC per US$ of GDP | -11.5% |
| 2022 | 0.0017 million SLC per US$ of GDP | -6.4% |
| 2023 | 0.0015 million SLC per US$ of GDP | -9.7% |
| 2024 | 0.0013 million SLC per US$ of GDP | -10.4% |
Mongolia compared with similar countries
- Mongolia's 0.0013 million SLC per US$ of GDP is above the median for upper middle income countries, which is 0 million SLC per US$ of GDP, 183.2× the median. (54 countries reporting)
- Mongolia's 0.0013 million SLC per US$ of GDP is above the median for East Asia & Pacific, which is 0 million SLC per US$ of GDP, 426.1× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0023 million SLC per US$ of GDP | 0.0021 million SLC per US$ of GDP | 0.0029 million SLC per US$ of GDP | 10 |
| 1990s | 0.0055 million SLC per US$ of GDP | 0.0029 million SLC per US$ of GDP | 0.008 million SLC per US$ of GDP | 10 |
| 2000s | 0.0045 million SLC per US$ of GDP | 0.0024 million SLC per US$ of GDP | 0.0067 million SLC per US$ of GDP | 10 |
| 2010s | 0.0019 million SLC per US$ of GDP | 0.0015 million SLC per US$ of GDP | 0.0021 million SLC per US$ of GDP | 10 |
| 2020s | 0.0017 million SLC per US$ of GDP | 0.0013 million SLC per US$ of GDP | 0.002 million SLC per US$ of GDP | 5 |
Countries ranked near Mongolia
- 11 Colombia 0.0024 million SLC per US$ of GDP compare
- 12 Lebanon 0.0019 million SLC per US$ of GDP compare
- 13 Burundi 0.0019 million SLC per US$ of GDP compare
- 15 Myanmar 0.0012 million SLC per US$ of GDP compare
- 16 Iraq 0.0008 million SLC per US$ of GDP compare
- 17 Rwanda 0.0007 million SLC per US$ of GDP 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, 2015 prices in Mongolia?
- Gross domestic product — value standard local currency, 2015 prices in Mongolia was 0.0013 million SLC per US$ of GDP 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 0.008 million SLC per US$ of GDP in 1993.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Mongolia?
- The lowest recorded value was 0.0013 million SLC per US$ of GDP in 2024.
- How does Mongolia rank for gross domestic product — value standard local currency, 2015 prices?
- Mongolia ranks 14th out of 193 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 27.4%. 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 — Value Standard Local Currency, 2015 prices, per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ GDP (current US$)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.