Gross Domestic Product — Value Standard Local Currency in Mongolia
Mongolia: Gross Domestic Product — Value Standard Local Currency was 78.17 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Mongolia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Mongolia recorded 78.17 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 13.5% on the previous year and up 251.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Mongolia peaked at 78.17 million million SLC in 2024 and was at its lowest, 7,132 million SLC, in 1970.
That places Mongolia 32nd out of 218 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 in Mongolia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 7,132 million SLC | — |
| 1971 | 7,467 million SLC | +4.7% |
| 1972 | 7,737 million SLC | +3.6% |
| 1973 | 8,425 million SLC | +8.9% |
| 1974 | 8,782 million SLC | +4.2% |
| 1975 | 9,354 million SLC | +6.5% |
| 1976 | 9,718 million SLC | +3.9% |
| 1977 | 10,475 million SLC | +7.8% |
| 1978 | 11,263 million SLC | +7.5% |
| 1979 | 11,744 million SLC | +4.3% |
| 1980 | 12,495 million SLC | +6.4% |
| 1981 | 14,589 million SLC | +16.8% |
| 1982 | 16,370 million SLC | +12.2% |
| 1983 | 15,990 million SLC | -2.3% |
| 1984 | 16,683 million SLC | +4.3% |
| 1985 | 17,572 million SLC | +5.3% |
| 1986 | 17,561 million SLC | -0.1% |
| 1987 | 17,466 million SLC | -0.5% |
| 1988 | 18,530 million SLC | +6.1% |
| 1989 | 19,303 million SLC | +4.2% |
| 1990 | 18,824 million SLC | -2.5% |
| 1991 | 34,015 million SLC | +80.7% |
| 1992 | 85,080 million SLC | +150.1% |
| 1993 | 298,996 million SLC | +251.4% |
| 1994 | 509,536 million SLC | +70.4% |
| 1995 | 772,062 million SLC | +51.5% |
| 1996 | 900,648 million SLC | +16.7% |
| 1997 | 1.16 million million SLC | +28.8% |
| 1998 | 1.14 million million SLC | -1.8% |
| 1999 | 1.29 million million SLC | +13.2% |
| 2000 | 1.42 million million SLC | +10.1% |
| 2001 | 1.61 million million SLC | +13.7% |
| 2002 | 1.80 million million SLC | +11.4% |
| 2003 | 2.12 million million SLC | +18.0% |
| 2004 | 2.74 million million SLC | +29.1% |
| 2005 | 3.53 million million SLC | +28.8% |
| 2006 | 4.67 million million SLC | +32.4% |
| 2007 | 5.75 million million SLC | +23.1% |
| 2008 | 7.60 million million SLC | +32.3% |
| 2009 | 7.64 million million SLC | +0.5% |
| 2010 | 9.76 million million SLC | +27.7% |
| 2011 | 13.17 million million SLC | +35.0% |
| 2012 | 16.69 million million SLC | +26.7% |
| 2013 | 19.17 million million SLC | +14.9% |
| 2014 | 22.23 million million SLC | +15.9% |
| 2015 | 22.89 million million SLC | +3.0% |
| 2016 | 23.93 million million SLC | +4.5% |
| 2017 | 28.01 million million SLC | +17.0% |
| 2018 | 32.58 million million SLC | +16.3% |
| 2019 | 37.84 million million SLC | +16.1% |
| 2020 | 37.45 million million SLC | -1.0% |
| 2021 | 43.56 million million SLC | +16.3% |
| 2022 | 53.85 million million SLC | +23.6% |
| 2023 | 68.87 million million SLC | +27.9% |
| 2024 | 78.17 million million SLC | +13.5% |
Mongolia compared with similar countries
- Mongolia's 78.17 million million SLC is above the median for upper middle income countries, which is 913,929 million SLC, 85.5× the median. (54 countries reporting)
- Mongolia's 78.17 million million SLC is above the median for East Asia & Pacific, which is 725,630 million SLC, 107.7× the median. (27 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1993 | +251.4% | 85,080 million SLC | 298,996 million SLC |
| 1992 | +150.1% | 34,015 million SLC | 85,080 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,210 million SLC | 7,132 million SLC | 11,744 million SLC | 10 |
| 1980s | 16,656 million SLC | 12,495 million SLC | 19,303 million SLC | 10 |
| 1990s | 620,663 million SLC | 18,824 million SLC | 1.29 million million SLC | 10 |
| 2000s | 3.89 million million SLC | 1.42 million million SLC | 7.64 million million SLC | 10 |
| 2010s | 22.63 million million SLC | 9.76 million million SLC | 37.84 million million SLC | 10 |
| 2020s | 56.38 million million SLC | 37.45 million million SLC | 78.17 million million SLC | 5 |
Countries ranked near Mongolia
- 29 Angola 81.12 million million SLC compare
- 30 Hungary 80.99 million million SLC compare
- 31 Madagascar 78.84 million million SLC compare
- 33 Côte d'Ivoire 51.93 million million SLC compare
- 34 Bangladesh 50.03 million million SLC compare
- 35 Costa Rica 49.12 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)
- 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 in Mongolia?
- Gross domestic product — value standard local currency in Mongolia was 78.17 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 recorded in Mongolia?
- The highest recorded value was 78.17 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Mongolia?
- The lowest recorded value was 7,132 million SLC in 1970.
- How does Mongolia rank for gross domestic product — value standard local currency?
- Mongolia ranks 32nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Mongolia?
- Over the last ten years it is up 251.7%. 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. 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).