Gross Domestic Product — Value US$, annual growth rate in Mongolia
Mongolia: Gross Domestic Product — Value US$, annual growth rate was 16.04 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Mongolia, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in Mongolia stood at 16.04 % change on previous year.
That represents a change of up 0.9% on the previous year and up 667.7% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Mongolia peaked at 44.79 % change on previous year in 2011 and was at its lowest, -18.48 % change on previous year, in 2009.
Mongolia ranks 14th of 236 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Mongolia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 9.99 % change on previous year | — |
| 1972 | 8.09 % change on previous year | -19.0% |
| 1973 | 14.87 % change on previous year | +83.8% |
| 1974 | 13.6 % change on previous year | -8.6% |
| 1975 | 16.38 % change on previous year | +20.4% |
| 1976 | 9.62 % change on previous year | -41.2% |
| 1977 | 14.48 % change on previous year | +50.5% |
| 1978 | 15.08 % change on previous year | +4.1% |
| 1979 | 12.91 % change on previous year | -14.4% |
| 1980 | 16.06 % change on previous year | +24.3% |
| 1981 | 18.63 % change on previous year | +16.0% |
| 1982 | 15.02 % change on previous year | -19.4% |
| 1983 | 9.94 % change on previous year | -33.9% |
| 1984 | 9.74 % change on previous year | -2.0% |
| 1985 | 9.02 % change on previous year | -7.3% |
| 1986 | 11.63 % change on previous year | +28.9% |
| 1987 | 6.11 % change on previous year | -47.5% |
| 1988 | 8.81 % change on previous year | +44.3% |
| 1989 | 8.27 % change on previous year | -6.2% |
| 1990 | 1.13 % change on previous year | -86.3% |
| 1991 | -5.61 % change on previous year | -595.0% |
| 1992 | -7.19 % change on previous year | +28.2% |
| 1993 | -0.8738 % change on previous year | -87.8% |
| 1994 | 4.32 % change on previous year | -593.9% |
| 1995 | 8.61 % change on previous year | +99.5% |
| 1996 | -4.57 % change on previous year | -153.1% |
| 1997 | -10.6 % change on previous year | +131.9% |
| 1998 | -7.77 % change on previous year | -26.8% |
| 1999 | -6.85 % change on previous year | -11.8% |
| 2000 | 4.5 % change on previous year | -165.8% |
| 2001 | 11.53 % change on previous year | +156.0% |
| 2002 | 10.14 % change on previous year | -12.1% |
| 2003 | 14.23 % change on previous year | +40.4% |
| 2004 | 24.87 % change on previous year | +74.8% |
| 2005 | 26.68 % change on previous year | +7.3% |
| 2006 | 35.29 % change on previous year | +32.3% |
| 2007 | 24.05 % change on previous year | -31.9% |
| 2008 | 32.78 % change on previous year | +36.3% |
| 2009 | -18.48 % change on previous year | -156.4% |
| 2010 | 35.27 % change on previous year | -290.8% |
| 2011 | 44.79 % change on previous year | +27.0% |
| 2012 | 18.09 % change on previous year | -59.6% |
| 2013 | 2.35 % change on previous year | -87.0% |
| 2014 | -2.83 % change on previous year | -220.1% |
| 2015 | -4.96 % change on previous year | +75.5% |
| 2016 | -3.77 % change on previous year | -23.9% |
| 2017 | 2.68 % change on previous year | -171.0% |
| 2018 | 14.78 % change on previous year | +451.9% |
| 2019 | 7.8 % change on previous year | -47.2% |
| 2020 | -6.29 % change on previous year | -180.6% |
| 2021 | 14.82 % change on previous year | -335.7% |
| 2022 | 12.17 % change on previous year | -17.9% |
| 2023 | 15.9 % change on previous year | +30.6% |
| 2024 | 16.04 % change on previous year | +0.9% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -595.0% | 1.13 % change on previous year | -5.61 % change on previous year |
| 1994 | +593.9% | -0.8738 % change on previous year | 4.32 % change on previous year |
| 2018 | +451.9% | 2.68 % change on previous year | 14.78 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.78 % change on previous year | 8.09 % change on previous year | 16.38 % change on previous year | 9 |
| 1980s | 11.32 % change on previous year | 6.11 % change on previous year | 18.63 % change on previous year | 10 |
| 1990s | -2.94 % change on previous year | -10.6 % change on previous year | 8.61 % change on previous year | 10 |
| 2000s | 16.56 % change on previous year | -18.48 % change on previous year | 35.29 % change on previous year | 10 |
| 2010s | 11.42 % change on previous year | -4.96 % change on previous year | 44.79 % change on previous year | 10 |
| 2020s | 10.53 % change on previous year | -6.29 % change on previous year | 16.04 % change on previous year | 5 |
Countries ranked near Mongolia
- 11 Turkey 18.33 % change on previous year compare
- 11 Türkiye 18.33 % change on previous year compare
- 13 Niger 17 % change on previous year compare
- 15 Tajikistan 16.01 % change on previous year compare
- 16 Albania 15.38 % change on previous year compare
- 17 Kenya 15.24 % change on previous year compare
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Mongolia?
- Gross domestic product — value us$, annual growth rate in Mongolia was 16.04 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Mongolia?
- The highest recorded value was 44.79 % change on previous year in 2011.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Mongolia?
- The lowest recorded value was -18.48 % change on previous year in 2009.
- How does Mongolia rank for gross domestic product — value us$, annual growth rate?
- Mongolia ranks 14th out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Mongolia?
- Over the last ten years it is up 667.7%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.