Gross value added at basic prices (GVA) in Mongolia
Mongolia: Gross value added at basic prices (GVA) was 22.97 billion current US$ in 2025. ◆ Volatile
Gross value added at basic prices (GVA) in Mongolia, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2025, gross value added at basic prices (gva) in Mongolia stood at 22.97 billion current US$. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 7.5% on the previous year and up 115.4% over ten years.
Over the whole period, gross value added at basic prices (gva) in Mongolia peaked at 22.97 billion current US$ in 2025 and was at its lowest, 709.29 million current US$, in 1993.
Mongolia ranks 122nd of 207 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1981 | 2.31 billion current US$ | — |
| 1982 | 2.55 billion current US$ | +10.5% |
| 1983 | 2.73 billion current US$ | +6.8% |
| 1984 | 2.10 billion current US$ | -23.0% |
| 1985 | 2.19 billion current US$ | +4.2% |
| 1986 | 2.90 billion current US$ | +32.5% |
| 1987 | 3.02 billion current US$ | +4.3% |
| 1988 | 3.20 billion current US$ | +6.1% |
| 1989 | 3.58 billion current US$ | +11.6% |
| 1990 | 2.48 billion current US$ | -30.5% |
| 1991 | 2.14 billion current US$ | -13.7% |
| 1992 | 1.24 billion current US$ | -42.2% |
| 1993 | 709.29 million current US$ | -42.7% |
| 1994 | 868.82 million current US$ | +22.5% |
| 1995 | 1.38 billion current US$ | +58.3% |
| 1996 | 1.26 billion current US$ | -8.1% |
| 1997 | 1.10 billion current US$ | -13.2% |
| 1998 | 1.04 billion current US$ | -5.2% |
| 1999 | 964.12 million current US$ | -7.2% |
| 2000 | 1.01 billion current US$ | +4.7% |
| 2001 | 1.11 billion current US$ | +9.5% |
| 2002 | 1.23 billion current US$ | +11.2% |
| 2003 | 1.42 billion current US$ | +15.3% |
| 2004 | 1.76 billion current US$ | +24.6% |
| 2005 | 2.26 billion current US$ | +28.3% |
| 2006 | 3.07 billion current US$ | +35.6% |
| 2007 | 3.81 billion current US$ | +24.2% |
| 2008 | 5.05 billion current US$ | +32.3% |
| 2009 | 4.17 billion current US$ | -17.3% |
| 2010 | 6.45 billion current US$ | +54.7% |
| 2011 | 9.10 billion current US$ | +41.0% |
| 2012 | 10.93 billion current US$ | +20.1% |
| 2013 | 11.15 billion current US$ | +2.1% |
| 2014 | 11.08 billion current US$ | -0.6% |
| 2015 | 10.66 billion current US$ | -3.8% |
| 2016 | 10.25 billion current US$ | -3.9% |
| 2017 | 10.44 billion current US$ | +1.8% |
| 2018 | 11.76 billion current US$ | +12.6% |
| 2019 | 12.70 billion current US$ | +8.0% |
| 2020 | 12.05 billion current US$ | -5.1% |
| 2021 | 13.74 billion current US$ | +14.0% |
| 2022 | 15.31 billion current US$ | +11.5% |
| 2023 | 18.39 billion current US$ | +20.1% |
| 2024 | 21.36 billion current US$ | +16.1% |
| 2025 | 22.97 billion current US$ | +7.5% |
Mongolia compared with similar countries
- Mongolia's 22.97 billion current US$ is below the median for upper middle income countries, which is 39.41 billion current US$, 58% of the median. (58 countries reporting)
- Mongolia's 22.97 billion current US$ is above the median for East Asia & Pacific, which is 22.97 billion current US$, 1.0× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.73 billion current US$ | 2.10 billion current US$ | 3.58 billion current US$ | 9 |
| 1990s | 1.32 billion current US$ | 709.29 million current US$ | 2.48 billion current US$ | 10 |
| 2000s | 2.49 billion current US$ | 1.01 billion current US$ | 5.05 billion current US$ | 10 |
| 2010s | 10.45 billion current US$ | 6.45 billion current US$ | 12.70 billion current US$ | 10 |
| 2020s | 17.30 billion current US$ | 12.05 billion current US$ | 22.97 billion current US$ | 6 |
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)
- 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) in Mongolia?
- Gross value added at basic prices (gva) in Mongolia was 22.97 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Mongolia?
- The highest recorded value was 22.97 billion current US$ in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Mongolia?
- The lowest recorded value was 709.29 million current US$ in 1993.
- How does Mongolia rank for gross value added at basic prices (gva)?
- Mongolia ranks 122nd out of 207 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Mongolia?
- Over the last ten years it is up 115.4%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.