Gross Fixed Capital Formation — Value Standard Local Currency in Mongolia
Mongolia: Gross Fixed Capital Formation — Value Standard Local Currency was 22.66 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Mongolia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency in Mongolia stood at 22.66 million million SLC. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 20.1% on the previous year and up 251.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Mongolia peaked at 22.66 million million SLC in 2024 and was at its lowest, 3,678 million SLC, in 1970.
Mongolia ranks 30th of 230 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Mongolia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 3,678 million SLC | — |
| 1971 | 3,847 million SLC | +4.6% |
| 1972 | 3,988 million SLC | +3.6% |
| 1973 | 4,351 million SLC | +9.1% |
| 1974 | 4,513 million SLC | +3.7% |
| 1975 | 4,825 million SLC | +6.9% |
| 1976 | 5,051 million SLC | +4.7% |
| 1977 | 5,301 million SLC | +4.9% |
| 1978 | 5,874 million SLC | +10.8% |
| 1979 | 6,243 million SLC | +6.3% |
| 1980 | 5,810 million SLC | -6.9% |
| 1981 | 8,289 million SLC | +42.7% |
| 1982 | 9,194 million SLC | +10.9% |
| 1983 | 8,110 million SLC | -11.8% |
| 1984 | 8,297 million SLC | +2.3% |
| 1985 | 9,389 million SLC | +13.2% |
| 1986 | 9,486 million SLC | +1.0% |
| 1987 | 9,849 million SLC | +3.8% |
| 1988 | 9,817 million SLC | -0.3% |
| 1989 | 10,400 million SLC | +5.9% |
| 1990 | 7,312 million SLC | -29.7% |
| 1991 | 8,730 million SLC | +19.4% |
| 1992 | 11,515 million SLC | +31.9% |
| 1993 | 92,382 million SLC | +702.3% |
| 1994 | 134,603 million SLC | +45.7% |
| 1995 | 197,961 million SLC | +47.1% |
| 1996 | 240,344 million SLC | +21.4% |
| 1997 | 289,882 million SLC | +20.6% |
| 1998 | 358,871 million SLC | +23.8% |
| 1999 | 463,876 million SLC | +29.3% |
| 2000 | 396,921 million SLC | -14.4% |
| 2001 | 389,189 million SLC | -1.9% |
| 2002 | 431,548 million SLC | +10.9% |
| 2003 | 683,820 million SLC | +58.5% |
| 2004 | 833,966 million SLC | +22.0% |
| 2005 | 1.09 million million SLC | +30.3% |
| 2006 | 1.71 million million SLC | +57.8% |
| 2007 | 2.21 million million SLC | +29.1% |
| 2008 | 3.03 million million SLC | +37.0% |
| 2009 | 2.43 million million SLC | -19.8% |
| 2010 | 3.50 million million SLC | +43.8% |
| 2011 | 6.65 million million SLC | +90.1% |
| 2012 | 7.81 million million SLC | +17.5% |
| 2013 | 7.61 million million SLC | -2.7% |
| 2014 | 6.45 million million SLC | -15.2% |
| 2015 | 4.19 million million SLC | -35.1% |
| 2016 | 4.47 million million SLC | +6.7% |
| 2017 | 6.26 million million SLC | +40.1% |
| 2018 | 8.75 million million SLC | +39.7% |
| 2019 | 10.59 million million SLC | +21.1% |
| 2020 | 8.84 million million SLC | -16.6% |
| 2021 | 11.73 million million SLC | +32.8% |
| 2022 | 16.06 million million SLC | +36.9% |
| 2023 | 18.86 million million SLC | +17.5% |
| 2024 | 22.66 million million SLC | +20.1% |
Mongolia compared with similar countries
- Mongolia's 22.66 million million SLC is above the median for upper middle income countries, which is 199,742 million SLC, 113.4× the median. (54 countries reporting)
- Mongolia's 22.66 million million SLC is above the median for East Asia & Pacific, which is 123,364 million SLC, 183.7× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — 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 | +702.3% | 11,515 million SLC | 92,382 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4,767 million SLC | 3,678 million SLC | 6,243 million SLC | 10 |
| 1980s | 8,864 million SLC | 5,810 million SLC | 10,400 million SLC | 10 |
| 1990s | 180,548 million SLC | 7,312 million SLC | 463,876 million SLC | 10 |
| 2000s | 1.32 million million SLC | 389,189 million SLC | 3.03 million million SLC | 10 |
| 2010s | 6.63 million million SLC | 3.50 million million SLC | 10.59 million million SLC | 10 |
| 2020s | 15.63 million million SLC | 8.84 million million SLC | 22.66 million million SLC | 5 |
Countries ranked near Mongolia
- 27 Guinea 36.91 million million SLC compare
- 28 Kazakhstan 34.04 million million SLC compare
- 29 Sudan 25.52 million million SLC compare
- 31 Hungary 19.32 million million SLC compare
- 32 Madagascar 17.82 million million SLC compare
- 33 Bangladesh 15.36 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)
- SDRs holdings, US dollar, annual growth rate -2.15 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 24.74 units per person (2025)
- SDRs holdings, SDR, annual growth rate -6.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 18.07 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -22.42 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0068 units per US$ of GDP (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Mongolia?
- Gross fixed capital formation — value standard local currency in Mongolia was 22.66 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Mongolia?
- The highest recorded value was 22.66 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Mongolia?
- The lowest recorded value was 3,678 million SLC in 1970.
- How does Mongolia rank for gross fixed capital formation — value standard local currency?
- Mongolia ranks 30th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Mongolia?
- Over the last ten years it is up 251.5%. 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 Fixed Capital Formation — 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).