Gross Domestic Product — Value Standard Local Currency, 2015 prices in Mongolia
Mongolia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 31.93 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Mongolia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Mongolia stood at 31.93 million million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.9% on the previous year and up 41.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Mongolia peaked at 31.93 million million SLC in 2024 and was at its lowest, 2.59 million million SLC, in 1970.
That places Mongolia 24th out of 194 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 — Value Standard Local Currency, 2015 prices in Mongolia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 2.59 million million SLC | — |
| 1971 | 2.71 million million SLC | +4.7% |
| 1972 | 2.81 million million SLC | +3.6% |
| 1973 | 3.06 million million SLC | +8.9% |
| 1974 | 3.19 million million SLC | +4.2% |
| 1975 | 3.39 million million SLC | +6.5% |
| 1976 | 3.53 million million SLC | +3.9% |
| 1977 | 3.80 million million SLC | +7.8% |
| 1978 | 4.09 million million SLC | +7.5% |
| 1979 | 4.26 million million SLC | +4.3% |
| 1980 | 4.53 million million SLC | +6.4% |
| 1981 | 4.91 million million SLC | +8.4% |
| 1982 | 5.32 million million SLC | +8.3% |
| 1983 | 5.63 million million SLC | +5.8% |
| 1984 | 5.97 million million SLC | +5.9% |
| 1985 | 6.30 million million SLC | +5.7% |
| 1986 | 6.90 million million SLC | +9.4% |
| 1987 | 7.14 million million SLC | +3.5% |
| 1988 | 7.51 million million SLC | +5.1% |
| 1989 | 7.82 million million SLC | +4.2% |
| 1990 | 7.62 million million SLC | -2.5% |
| 1991 | 6.96 million million SLC | -8.7% |
| 1992 | 6.32 million million SLC | -9.3% |
| 1993 | 6.12 million million SLC | -3.2% |
| 1994 | 6.25 million million SLC | +2.1% |
| 1995 | 6.65 million million SLC | +6.4% |
| 1996 | 6.79 million million SLC | +2.2% |
| 1997 | 7.06 million million SLC | +3.9% |
| 1998 | 7.29 million million SLC | +3.3% |
| 1999 | 7.52 million million SLC | +3.1% |
| 2000 | 7.61 million million SLC | +1.1% |
| 2001 | 7.83 million million SLC | +3.0% |
| 2002 | 8.20 million million SLC | +4.7% |
| 2003 | 8.77 million million SLC | +7.0% |
| 2004 | 9.71 million million SLC | +10.6% |
| 2005 | 10.41 million million SLC | +7.3% |
| 2006 | 11.30 million million SLC | +8.6% |
| 2007 | 12.46 million million SLC | +10.2% |
| 2008 | 13.57 million million SLC | +8.9% |
| 2009 | 13.40 million million SLC | -1.3% |
| 2010 | 14.25 million million SLC | +6.4% |
| 2011 | 16.71 million million SLC | +17.3% |
| 2012 | 18.77 million million SLC | +12.3% |
| 2013 | 20.96 million million SLC | +11.6% |
| 2014 | 22.61 million million SLC | +7.9% |
| 2015 | 22.89 million million SLC | +1.3% |
| 2016 | 23.24 million million SLC | +1.5% |
| 2017 | 24.55 million million SLC | +5.6% |
| 2018 | 26.45 million million SLC | +7.7% |
| 2019 | 27.93 million million SLC | +5.6% |
| 2020 | 26.66 million million SLC | -4.6% |
| 2021 | 27.09 million million SLC | +1.6% |
| 2022 | 28.46 million million SLC | +5.0% |
| 2023 | 30.45 million million SLC | +7.0% |
| 2024 | 31.93 million million SLC | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.34 million million SLC | 2.59 million million SLC | 4.26 million million SLC | 10 |
| 1980s | 6.20 million million SLC | 4.53 million million SLC | 7.82 million million SLC | 10 |
| 1990s | 6.86 million million SLC | 6.12 million million SLC | 7.62 million million SLC | 10 |
| 2000s | 10.33 million million SLC | 7.61 million million SLC | 13.57 million million SLC | 10 |
| 2010s | 21.84 million million SLC | 14.25 million million SLC | 27.93 million million SLC | 10 |
| 2020s | 28.92 million million SLC | 26.66 million million SLC | 31.93 million million SLC | 5 |
Countries ranked near Mongolia
- 21 Madagascar 42.51 million million SLC compare
- 22 Pakistan 41.90 million million SLC compare
- 23 Costa Rica 40.77 million million SLC compare
- 25 Bangladesh 31.35 million million SLC compare
- 26 Cameroon 25.51 million million SLC compare
- 27 Algeria 22.24 million million SLC 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)
- Industry (including construction), value added (constant 2015 US$) 10.98 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1894 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,346 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 10.98 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 373.16 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 2.65 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 6.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4434 current US$ per US$ of GDP (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 31.93 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Mongolia?
- The highest recorded value was 31.93 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Mongolia?
- The lowest recorded value was 2.59 million million SLC in 1970.
- How does Mongolia rank for gross domestic product — value standard local currency, 2015 prices?
- Mongolia ranks 24th out of 194 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 up 41.2%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).