Gross Domestic Product — Value US$, 2015 prices in Mongolia
Mongolia: Gross Domestic Product — Value US$, 2015 prices was 16,208 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Mongolia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Mongolia is 16,208 million USD, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 4.9% on the previous year and up 41.2% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Mongolia peaked at 16,208 million USD in 2024 and was at its lowest, 1,313 million USD, in 1970.
That places Mongolia 124th out of 203 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Mongolia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,313 million USD | — |
| 1971 | 1,375 million USD | +4.7% |
| 1972 | 1,425 million USD | +3.6% |
| 1973 | 1,551 million USD | +8.9% |
| 1974 | 1,617 million USD | +4.2% |
| 1975 | 1,722 million USD | +6.5% |
| 1976 | 1,789 million USD | +3.9% |
| 1977 | 1,929 million USD | +7.8% |
| 1978 | 2,074 million USD | +7.5% |
| 1979 | 2,162 million USD | +4.3% |
| 1980 | 2,301 million USD | +6.4% |
| 1981 | 2,494 million USD | +8.4% |
| 1982 | 2,702 million USD | +8.3% |
| 1983 | 2,859 million USD | +5.8% |
| 1984 | 3,028 million USD | +5.9% |
| 1985 | 3,200 million USD | +5.7% |
| 1986 | 3,501 million USD | +9.4% |
| 1987 | 3,625 million USD | +3.5% |
| 1988 | 3,810 million USD | +5.1% |
| 1989 | 3,970 million USD | +4.2% |
| 1990 | 3,870 million USD | -2.5% |
| 1991 | 3,533 million USD | -8.7% |
| 1992 | 3,206 million USD | -9.3% |
| 1993 | 3,105 million USD | -3.2% |
| 1994 | 3,171 million USD | +2.1% |
| 1995 | 3,373 million USD | +6.4% |
| 1996 | 3,448 million USD | +2.2% |
| 1997 | 3,583 million USD | +3.9% |
| 1998 | 3,702 million USD | +3.3% |
| 1999 | 3,816 million USD | +3.1% |
| 2000 | 3,860 million USD | +1.1% |
| 2001 | 3,974 million USD | +3.0% |
| 2002 | 4,162 million USD | +4.7% |
| 2003 | 4,453 million USD | +7.0% |
| 2004 | 4,927 million USD | +10.6% |
| 2005 | 5,284 million USD | +7.3% |
| 2006 | 5,736 million USD | +8.6% |
| 2007 | 6,324 million USD | +10.2% |
| 2008 | 6,887 million USD | +8.9% |
| 2009 | 6,799 million USD | -1.3% |
| 2010 | 7,232 million USD | +6.4% |
| 2011 | 8,483 million USD | +17.3% |
| 2012 | 9,528 million USD | +12.3% |
| 2013 | 10,638 million USD | +11.6% |
| 2014 | 11,476 million USD | +7.9% |
| 2015 | 11,620 million USD | +1.3% |
| 2016 | 11,793 million USD | +1.5% |
| 2017 | 12,458 million USD | +5.6% |
| 2018 | 13,423 million USD | +7.7% |
| 2019 | 14,175 million USD | +5.6% |
| 2020 | 13,528 million USD | -4.6% |
| 2021 | 13,750 million USD | +1.6% |
| 2022 | 14,442 million USD | +5.0% |
| 2023 | 15,456 million USD | +7.0% |
| 2024 | 16,208 million USD | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,696 million USD | 1,313 million USD | 2,162 million USD | 10 |
| 1980s | 3,149 million USD | 2,301 million USD | 3,970 million USD | 10 |
| 1990s | 3,481 million USD | 3,105 million USD | 3,870 million USD | 10 |
| 2000s | 5,241 million USD | 3,860 million USD | 6,887 million USD | 10 |
| 2010s | 11,082 million USD | 7,232 million USD | 14,175 million USD | 10 |
| 2020s | 14,677 million USD | 13,528 million USD | 16,208 million USD | 5 |
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)
- GNI (current LCU), annual growth rate 11.49 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 3,147 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 22.37 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual -6.65 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual -11.53 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate -1.28 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0947 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 673.13 current US$ per person (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Mongolia?
- Gross domestic product — value us$, 2015 prices in Mongolia was 16,208 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Mongolia?
- The highest recorded value was 16,208 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Mongolia?
- The lowest recorded value was 1,313 million USD in 1970.
- How does Mongolia rank for gross domestic product — value us$, 2015 prices?
- Mongolia ranks 124th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
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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).