Gross Fixed Capital Formation — Value US$ in Mongolia
Mongolia: Gross Fixed Capital Formation — Value US$ was 6,684 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Mongolia, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross fixed capital formation — value us$ in Mongolia stood at 6,684 million USD. That is the highest value across all 55 years on record.
That represents a change of up 22.8% on the previous year and up 88.5% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Mongolia peaked at 6,684 million USD in 2024 and was at its lowest, 104.22 million USD, in 1970.
That places Mongolia 124th 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$ in Mongolia, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 104.22 million USD | — |
| 1971 | 114.54 million USD | +9.9% |
| 1972 | 123.84 million USD | +8.1% |
| 1973 | 142.56 million USD | +15.1% |
| 1974 | 161.13 million USD | +13.0% |
| 1975 | 188.22 million USD | +16.8% |
| 1976 | 207.91 million USD | +10.5% |
| 1977 | 231.75 million USD | +11.5% |
| 1978 | 274.89 million USD | +18.6% |
| 1979 | 316.36 million USD | +15.1% |
| 1980 | 321.13 million USD | +1.5% |
| 1981 | 465.54 million USD | +45.0% |
| 1982 | 529.32 million USD | +13.7% |
| 1983 | 525.54 million USD | -0.7% |
| 1984 | 565.42 million USD | +7.6% |
| 1985 | 662.27 million USD | +17.1% |
| 1986 | 747.4 million USD | +12.9% |
| 1987 | 827.89 million USD | +10.8% |
| 1988 | 846.43 million USD | +2.2% |
| 1989 | 931.86 million USD | +10.1% |
| 1990 | 679.46 million USD | -27.1% |
| 1991 | 423.76 million USD | -37.6% |
| 1992 | 207.4 million USD | -51.1% |
| 1993 | 469.35 million USD | +126.3% |
| 1994 | 418.6 million USD | -10.8% |
| 1995 | 441.27 million USD | +5.4% |
| 1996 | 438.26 million USD | -0.7% |
| 1997 | 366.94 million USD | -16.3% |
| 1998 | 426.81 million USD | +16.3% |
| 1999 | 453.95 million USD | +6.4% |
| 2000 | 368.66 million USD | -18.8% |
| 2001 | 354.55 million USD | -3.8% |
| 2002 | 388.67 million USD | +9.6% |
| 2003 | 596.42 million USD | +53.5% |
| 2004 | 703.59 million USD | +18.0% |
| 2005 | 901.6 million USD | +28.1% |
| 2006 | 1,454 million USD | +61.2% |
| 2007 | 1,891 million USD | +30.1% |
| 2008 | 2,601 million USD | +37.5% |
| 2009 | 1,692 million USD | -35.0% |
| 2010 | 2,578 million USD | +52.4% |
| 2011 | 5,256 million USD | +103.9% |
| 2012 | 5,755 million USD | +9.5% |
| 2013 | 4,991 million USD | -13.3% |
| 2014 | 3,546 million USD | -28.9% |
| 2015 | 2,124 million USD | -40.1% |
| 2016 | 2,088 million USD | -1.7% |
| 2017 | 2,566 million USD | +22.9% |
| 2018 | 3,539 million USD | +37.9% |
| 2019 | 3,977 million USD | +12.4% |
| 2020 | 3,140 million USD | -21.0% |
| 2021 | 4,118 million USD | +31.1% |
| 2022 | 5,113 million USD | +24.2% |
| 2023 | 5,442 million USD | +6.4% |
| 2024 | 6,684 million USD | +22.8% |
Mongolia compared with similar countries
- Mongolia's 6,684 million USD is below the median for upper middle income countries, which is 8,136 million USD, 82% of the median. (54 countries reporting)
- Mongolia's 6,684 million USD is above the median for East Asia & Pacific, which is 3,348 million USD, 2.0× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value US$ 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 | +126.3% | 207.4 million USD | 469.35 million USD |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 186.54 million USD | 104.22 million USD | 316.36 million USD | 10 |
| 1980s | 642.28 million USD | 321.13 million USD | 931.86 million USD | 10 |
| 1990s | 432.58 million USD | 207.4 million USD | 679.46 million USD | 10 |
| 2000s | 1,095 million USD | 354.55 million USD | 2,601 million USD | 10 |
| 2010s | 3,642 million USD | 2,088 million USD | 5,755 million USD | 10 |
| 2020s | 4,899 million USD | 3,140 million USD | 6,684 million USD | 5 |
Countries ranked near Mongolia
- 121 Mozambique 7,222 million USD compare
- 122 Melanesia 7,131 million USD compare
- 123 China, Macao SAR 6,904 million USD compare
- 125 Bosnia and Herzegovina 6,575 million USD compare
- 126 Libya 6,554 million USD compare
- 127 Albania 6,279 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Mongolia?
- Gross fixed capital formation — value us$ in Mongolia was 6,684 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Mongolia?
- The highest recorded value was 6,684 million USD in 2024.
- What is the lowest gross fixed capital formation — value us$ recorded in Mongolia?
- The lowest recorded value was 104.22 million USD in 1970.
- How does Mongolia rank for gross fixed capital formation — value us$?
- Mongolia ranks 124th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Mongolia?
- Over the last ten years it is up 88.5%. 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 US$. Statizoid updates them automatically from the source API.
Download this data
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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).