GDP in Mongolia

Mongolia: GDP was 32.05 trillion constant LCU in 2024. β—† Volatile

Latest (2024)
32.05 trillion constant LCU
Change on year
up 4.9%
World rank
28th
of 209 countries
All-time high
32.05 trillion constant LCU
in 2024
All-time low
4.90 trillion constant LCU
in 1981
Years of data
44
1981–2024

GDP in Mongolia, 1981–2024

010.0T20.0T30.0T1981200220241981: 4.9T constant LCU1982: 5.3T constant LCU1983: 5.6T constant LCU1984: 5.9T constant LCU1985: 6.3T constant LCU1986: 6.9T constant LCU1987: 7.1T constant LCU1988: 7.5T constant LCU1989: 7.8T constant LCU1990: 7.5T constant LCU1991: 6.9T constant LCU1992: 6.2T constant LCU1993: 6.0T constant LCU1994: 6.2T constant LCU1995: 6.6T constant LCU1996: 6.7T constant LCU1997: 7.0T constant LCU1998: 7.2T constant LCU1999: 7.4T constant LCU2000: 7.5T constant LCU2001: 7.7T constant LCU2002: 8.1T constant LCU2003: 8.7T constant LCU2004: 9.6T constant LCU2005: 10.3T constant LCU2006: 11.2T constant LCU2007: 12.3T constant LCU2008: 13.4T constant LCU2009: 13.2T constant LCU2010: 14.1T constant LCU2011: 16.5T constant LCU2012: 18.6T constant LCU2013: 20.7T constant LCU2014: 22.4T constant LCU2015: 22.9T constant LCU2016: 23.2T constant LCU2017: 24.5T constant LCU2018: 26.4T constant LCU2019: 27.9T constant LCU2020: 26.7T constant LCU2021: 27.1T constant LCU2022: 28.5T constant LCU2023: 30.6T constant LCU2024: 32.1T constant LCU

Source: UNESCO Institute for Statistics. Measured in constant LCU.

Analysis

The most recent figure for gdp in Mongolia is 32.05 trillion constant LCU, measured in 2024. That is the highest value across all 44 years on record.

Compared with earlier readings it is up 4.9% on the previous year and up 43.3% over ten years.

Over the whole period, gdp in Mongolia peaked at 32.05 trillion constant LCU in 2024 and was at its lowest, 4.90 trillion constant LCU, in 1981.

Mongolia ranks 28th of 209 countries on this measure, in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1980s 6.37 trillion constant LCU 4.90 trillion constant LCU 7.79 trillion constant LCU 9
1990s 6.78 trillion constant LCU 6.05 trillion constant LCU 7.54 trillion constant LCU 10
2000s 10.21 trillion constant LCU 7.52 trillion constant LCU 13.42 trillion constant LCU 10
2010s 21.73 trillion constant LCU 14.09 trillion constant LCU 27.93 trillion constant LCU 10
2020s 28.96 trillion constant LCU 26.66 trillion constant LCU 32.05 trillion constant LCU 5

Countries ranked near Mongolia

  1. 25 Costa Rica 42.76 trillion constant LCU compare
  2. 26 Pakistan 42.28 trillion constant LCU compare
  3. 27 Bangladesh 33.46 trillion constant LCU compare
  4. 29 Cameroon 25.68 trillion constant LCU compare
  5. 30 Mexico 25.44 trillion constant LCU compare
  6. 31 Madagascar 24.05 trillion constant LCU compare

See the full ranking of 212 places β†’

More population data for Mongolia

All data for Mongolia β†’

Frequently asked questions

What is gdp in Mongolia?
Gdp in Mongolia was 32.05 trillion constant LCU in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Mongolia?
The highest recorded value was 32.05 trillion constant LCU in 2024.
What is the lowest gdp recorded in Mongolia?
The lowest recorded value was 4.90 trillion constant LCU in 1981.
How does Mongolia rank for gdp?
Mongolia ranks 28th out of 209 countries with data for 2024.
Is gdp rising or falling in Mongolia?
Over the last ten years it is up 43.3%. The long-run trend across the full record is volatile.
Where does this Mongolia data come from?
The figures come from UNESCO Institute for Statistics, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.

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GDP in Mongolia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-constant-lcu-2/mongolia/

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About this data

Indicator
GDP (constant LCU)
Unit
constant LCU
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,234 data points, 1970–2024
Last refreshed

February 2026 Data Release