Gross Fixed Capital Formation — Value US$, 2015 prices in Mongolia
Mongolia: Gross Fixed Capital Formation — Value US$, 2015 prices was 5,939 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Mongolia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Mongolia is 5,939 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 19.7% on the previous year and up 69.4% over ten years.
Over the whole period, gross fixed capital formation — value us$, 2015 prices in Mongolia peaked at 5,939 million USD in 2024 and was at its lowest, 455.08 million USD, in 1990.
That places Mongolia 125th out of 235 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Mongolia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 683.2 million USD | — |
| 1971 | 714.6 million USD | +4.6% |
| 1972 | 740.46 million USD | +3.6% |
| 1973 | 808.34 million USD | +9.2% |
| 1974 | 838.19 million USD | +3.7% |
| 1975 | 895.4 million USD | +6.8% |
| 1976 | 939.05 million USD | +4.9% |
| 1977 | 984.58 million USD | +4.8% |
| 1978 | 1,088 million USD | +10.5% |
| 1979 | 1,166 million USD | +7.2% |
| 1980 | 1,076 million USD | -7.7% |
| 1981 | 1,413 million USD | +31.3% |
| 1982 | 1,578 million USD | +11.6% |
| 1983 | 1,374 million USD | -12.9% |
| 1984 | 1,480 million USD | +7.7% |
| 1985 | 1,499 million USD | +1.3% |
| 1986 | 1,829 million USD | +22.0% |
| 1987 | 1,707 million USD | -6.7% |
| 1988 | 1,822 million USD | +6.7% |
| 1989 | 2,155 million USD | +18.3% |
| 1990 | 455.08 million USD | -78.9% |
| 1991 | 1,742 million USD | +282.9% |
| 1992 | 1,352 million USD | -22.4% |
| 1993 | 1,494 million USD | +10.5% |
| 1994 | 1,389 million USD | -7.0% |
| 1995 | 842.32 million USD | -39.4% |
| 1996 | 1,348 million USD | +60.0% |
| 1997 | 1,563 million USD | +16.0% |
| 1998 | 1,533 million USD | -1.9% |
| 1999 | 1,379 million USD | -10.1% |
| 2000 | 1,492 million USD | +8.2% |
| 2001 | 1,242 million USD | -16.7% |
| 2002 | 1,197 million USD | -3.6% |
| 2003 | 1,470 million USD | +22.9% |
| 2004 | 1,472 million USD | +0.1% |
| 2005 | 1,532 million USD | +4.0% |
| 2006 | 2,194 million USD | +43.2% |
| 2007 | 2,521 million USD | +14.9% |
| 2008 | 2,780 million USD | +10.3% |
| 2009 | 1,952 million USD | -29.8% |
| 2010 | 2,596 million USD | +33.0% |
| 2011 | 4,291 million USD | +65.3% |
| 2012 | 4,888 million USD | +13.9% |
| 2013 | 4,455 million USD | -8.9% |
| 2014 | 3,505 million USD | -21.3% |
| 2015 | 2,124 million USD | -39.4% |
| 2016 | 2,289 million USD | +7.7% |
| 2017 | 2,934 million USD | +28.2% |
| 2018 | 3,868 million USD | +31.8% |
| 2019 | 4,409 million USD | +14.0% |
| 2020 | 3,480 million USD | -21.1% |
| 2021 | 4,107 million USD | +18.0% |
| 2022 | 4,635 million USD | +12.9% |
| 2023 | 4,961 million USD | +7.0% |
| 2024 | 5,939 million USD | +19.7% |
Mongolia compared with similar countries
- Mongolia's 5,939 million USD is below the median for upper middle income countries, which is 7,886 million USD, 75% of the median. (54 countries reporting)
- Mongolia's 5,939 million USD is above the median for East Asia & Pacific, which is 3,296 million USD, 1.8× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$, 2015 prices in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +282.9% | 455.08 million USD | 1,742 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 885.77 million USD | 683.2 million USD | 1,166 million USD | 10 |
| 1980s | 1,593 million USD | 1,076 million USD | 2,155 million USD | 10 |
| 1990s | 1,310 million USD | 455.08 million USD | 1,742 million USD | 10 |
| 2000s | 1,785 million USD | 1,197 million USD | 2,780 million USD | 10 |
| 2010s | 3,536 million USD | 2,124 million USD | 4,888 million USD | 10 |
| 2020s | 4,624 million USD | 3,480 million USD | 5,939 million USD | 5 |
Countries ranked near Mongolia
- 122 Cyprus 6,366 million USD compare
- 123 El Salvador 6,219 million USD compare
- 124 China, Macao SAR 5,988 million USD compare
- 126 Mozambique 5,927 million USD compare
- 127 Iceland 5,796 million USD compare
- 128 Tajikistan 5,630 million USD compare
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Mongolia?
- Gross fixed capital formation — value us$, 2015 prices in Mongolia was 5,939 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Mongolia?
- The highest recorded value was 5,939 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Mongolia?
- The lowest recorded value was 455.08 million USD in 1990.
- How does Mongolia rank for gross fixed capital formation — value us$, 2015 prices?
- Mongolia ranks 125th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Mongolia?
- Over the last ten years it is up 69.4%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 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).