GDP (current LCU) (UNESCO Institute) in Mongolia

Mongolia: GDP (current LCU) (UNESCO Institute) was 79.96 trillion current LCU in 2024. ◆ Volatile

Latest (2024)
79.96 trillion current LCU
Change on year
up 13.5%
World rank
30th
of 211 countries
All-time high
79.96 trillion current LCU
in 2024
All-time low
6.30 billion current LCU
in 1980
Years of data
45
1980–2024

GDP in Mongolia, 1980–2024

020.0T40.0T60.0T80.0T1980200220241980: 6.3B current LCU1981: 6.9B current LCU1982: 7.7B current LCU1983: 8.2B current LCU1984: 8.4B current LCU1985: 8.7B current LCU1986: 8.7B current LCU1987: 9.1B current LCU1988: 9.6B current LCU1989: 10.7B current LCU1990: 12.8B current LCU1991: 22.6B current LCU1992: 56.1B current LCU1993: 227.7B current LCU1994: 382.1B current LCU1995: 651.5B current LCU1996: 738.0B current LCU1997: 932.9B current LCU1998: 945.5B current LCU1999: 1.1T current LCU2000: 1.2T current LCU2001: 1.4T current LCU2002: 1.6T current LCU2003: 1.8T current LCU2004: 2.4T current LCU2005: 3.0T current LCU2006: 4.0T current LCU2007: 5.0T current LCU2008: 6.6T current LCU2009: 6.6T current LCU2010: 9.8T current LCU2011: 13.2T current LCU2012: 16.7T current LCU2013: 19.2T current LCU2014: 22.2T current LCU2015: 22.9T current LCU2016: 23.9T current LCU2017: 28.0T current LCU2018: 32.6T current LCU2019: 37.8T current LCU2020: 37.5T current LCU2021: 43.6T current LCU2022: 53.9T current LCU2023: 70.4T current LCU2024: 80.0T current LCU

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

Analysis

In 2024, gdp in Mongolia stood at 79.96 trillion current LCU. That is the highest value across all 45 years on record.

The figure is up 13.5% on the previous year and up 259.7% over ten years.

Over the whole period, gdp in Mongolia peaked at 79.96 trillion current LCU in 2024 and was at its lowest, 6.30 billion current LCU, in 1980.

That places Mongolia 30th out of 211 countries with data for 2024, putting it in the top quarter.

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

GDP (current LCU) (UNESCO Institute) in Mongolia, year by year

Annual values for GDP (current LCU) in Mongolia, 1980 to 2024.
Year current LCU Change
1980 6.30 billion current LCU —
1981 6.93 billion current LCU +9.9%
1982 7.66 billion current LCU +10.5%
1983 8.18 billion current LCU +6.8%
1984 8.39 billion current LCU +2.7%
1985 8.75 billion current LCU +4.2%
1986 8.69 billion current LCU -0.7%
1987 9.06 billion current LCU +4.3%
1988 9.61 billion current LCU +6.1%
1989 10.73 billion current LCU +11.6%
1990 12.80 billion current LCU +19.3%
1991 22.60 billion current LCU +76.5%
1992 56.13 billion current LCU +148.4%
1993 227.68 billion current LCU +305.6%
1994 382.10 billion current LCU +67.8%
1995 651.46 billion current LCU +70.5%
1996 738.00 billion current LCU +13.3%
1997 932.93 billion current LCU +26.4%
1998 945.46 billion current LCU +1.3%
1999 1.08 trillion current LCU +14.3%
2000 1.22 trillion current LCU +13.3%
2001 1.39 trillion current LCU +13.7%
2002 1.55 trillion current LCU +11.4%
2003 1.83 trillion current LCU +18.0%
2004 2.36 trillion current LCU +29.1%
2005 3.04 trillion current LCU +28.8%
2006 4.03 trillion current LCU +32.4%
2007 4.96 trillion current LCU +23.1%
2008 6.56 trillion current LCU +32.3%
2009 6.59 trillion current LCU +0.5%
2010 9.76 trillion current LCU +48.0%
2011 13.17 trillion current LCU +35.0%
2012 16.69 trillion current LCU +26.7%
2013 19.17 trillion current LCU +14.9%
2014 22.23 trillion current LCU +15.9%
2015 22.89 trillion current LCU +3.0%
2016 23.93 trillion current LCU +4.5%
2017 28.01 trillion current LCU +17.0%
2018 32.58 trillion current LCU +16.3%
2019 37.84 trillion current LCU +16.1%
2020 37.45 trillion current LCU -1.0%
2021 43.56 trillion current LCU +16.3%
2022 53.85 trillion current LCU +23.6%
2023 70.44 trillion current LCU +30.8%
2024 79.96 trillion current LCU +13.5%

Mongolia compared with similar countries

  • Mongolia's 79.96 trillion current LCU is above the median for upper middle income countries, which is 913.58 billion current LCU, 87.5× the median. (58 countries reporting)
  • Mongolia's 79.96 trillion current LCU is above the median for East Asia & Pacific, which is 416.65 billion current LCU, 191.9× the median. (36 countries reporting)

Biggest year-on-year movements

Years where GDP (current LCU) (UNESCO Institute) 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.

YearChange FromTo
1993 +305.6% 56.13 billion current LCU 227.68 billion current LCU
1992 +148.4% 22.60 billion current LCU 56.13 billion current LCU

Averages by decade

DecadeAverage LowestHighest Years
1980s 8.43 billion current LCU 6.30 billion current LCU 10.73 billion current LCU 10
1990s 504.97 billion current LCU 12.80 billion current LCU 1.08 trillion current LCU 10
2000s 3.35 trillion current LCU 1.22 trillion current LCU 6.59 trillion current LCU 10
2010s 22.63 trillion current LCU 9.76 trillion current LCU 37.84 trillion current LCU 10
2020s 57.05 trillion current LCU 37.45 trillion current LCU 79.96 trillion current LCU 5

Countries ranked near Mongolia

  1. 27 Pakistan 105.62 trillion current LCU compare
  2. 28 Hungary 81.51 trillion current LCU compare
  3. 29 Angola 81.12 trillion current LCU compare
  4. 31 Madagascar 78.84 trillion current LCU compare
  5. 32 Sudan 78.24 trillion current LCU compare
  6. 33 Cote d'Ivoire 52.47 trillion current LCU compare

See the full ranking of 211 places →

More population data for Mongolia

All data for Mongolia →

Frequently asked questions

What is gdp in Mongolia?
Gdp in Mongolia was 79.96 trillion current LCU in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Mongolia?
The highest recorded value was 79.96 trillion current LCU in 2024.
What is the lowest gdp recorded in Mongolia?
The lowest recorded value was 6.30 billion current LCU in 1980.
How does Mongolia rank for gdp?
Mongolia ranks 30th out of 211 countries with data for 2024.
Is gdp rising or falling in Mongolia?
Over the last ten years it is up 259.7%. 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 (current LCU). Statizoid updates them automatically from the source API.

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GDP in Mongolia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 11 November 2026, from https://population.statizoid.com/stat/gdp-current-lcu-2/mongolia/

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About this data

Indicator
GDP (current LCU)
Unit
current LCU
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
211 places, 10,385 data points, 1970–2024
Last refreshed

February 2026 Data Release