GDP (current US$) (UNESCO Institute) in Mongolia
Mongolia: GDP (current US$) (UNESCO Institute) was 23.59 billion current US$ in 2024. ◆ Volatile
Latest (2024)
23.59 billion current US$
Change on year
up 16.0%
World rank
122nd
of 211 countries
All-time high
23.59 billion current US$
in 2024
All-time low
768.40 million current US$
in 1993
Years of data
45
1980–2024
GDP in Mongolia, 1980–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
The most recent figure for gdp in Mongolia is 23.59 billion current US$, measured in 2024. That is the highest value across all 45 years on record.
Compared with earlier readings it is up 16.0% on the previous year and up 92.9% over ten years.
Over the whole period, gdp in Mongolia peaked at 23.59 billion current US$ in 2024 and was at its lowest, 768.40 million current US$, in 1993.
That places Mongolia 122nd out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1980 | 2.10 billion current US$ | — |
| 1981 | 2.31 billion current US$ | +9.9% |
| 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 | 2.56 billion current US$ | -28.4% |
| 1991 | 2.38 billion current US$ | -7.1% |
| 1992 | 1.32 billion current US$ | -44.6% |
| 1993 | 768.40 million current US$ | -41.7% |
| 1994 | 925.82 million current US$ | +20.5% |
| 1995 | 1.45 billion current US$ | +56.9% |
| 1996 | 1.35 billion current US$ | -7.3% |
| 1997 | 1.18 billion current US$ | -12.2% |
| 1998 | 1.12 billion current US$ | -4.8% |
| 1999 | 1.06 billion current US$ | -6.0% |
| 2000 | 1.14 billion current US$ | +7.5% |
| 2001 | 1.27 billion current US$ | +11.5% |
| 2002 | 1.40 billion current US$ | +10.1% |
| 2003 | 1.60 billion current US$ | +14.2% |
| 2004 | 1.99 billion current US$ | +24.9% |
| 2005 | 2.52 billion current US$ | +26.7% |
| 2006 | 3.41 billion current US$ | +35.3% |
| 2007 | 4.24 billion current US$ | +24.0% |
| 2008 | 5.62 billion current US$ | +32.8% |
| 2009 | 4.58 billion current US$ | -18.5% |
| 2010 | 7.19 billion current US$ | +56.8% |
| 2011 | 10.41 billion current US$ | +44.8% |
| 2012 | 12.29 billion current US$ | +18.1% |
| 2013 | 12.58 billion current US$ | +2.4% |
| 2014 | 12.23 billion current US$ | -2.8% |
| 2015 | 11.62 billion current US$ | -5.0% |
| 2016 | 11.18 billion current US$ | -3.8% |
| 2017 | 11.48 billion current US$ | +2.7% |
| 2018 | 13.18 billion current US$ | +14.8% |
| 2019 | 14.21 billion current US$ | +7.8% |
| 2020 | 13.31 billion current US$ | -6.3% |
| 2021 | 15.29 billion current US$ | +14.8% |
| 2022 | 17.15 billion current US$ | +12.2% |
| 2023 | 20.33 billion current US$ | +18.5% |
| 2024 | 23.59 billion current US$ | +16.0% |
Mongolia compared with similar countries
- Mongolia's 23.59 billion current US$ is below the median for upper middle income countries, which is 45.55 billion current US$, 52% of the median. (58 countries reporting)
- Mongolia's 23.59 billion current US$ is above the median for East Asia & Pacific, which is 15.98 billion current US$, 1.5× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.67 billion current US$ | 2.10 billion current US$ | 3.58 billion current US$ | 10 |
| 1990s | 1.41 billion current US$ | 768.40 million current US$ | 2.56 billion current US$ | 10 |
| 2000s | 2.78 billion current US$ | 1.14 billion current US$ | 5.62 billion current US$ | 10 |
| 2010s | 11.64 billion current US$ | 7.19 billion current US$ | 14.21 billion current US$ | 10 |
| 2020s | 17.93 billion current US$ | 13.31 billion current US$ | 23.59 billion current US$ | 5 |
Countries ranked near Mongolia
More population data for Mongolia
- Population regions with projections, annual growth rate 0.1039 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.7782 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.1039 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.016 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 4,519 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 1.02 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.0708 % change on previous year (2100)
- Population growth rate 0.097 (2100)
- Population density 3.54 (2100)
- Projected population under age 5 297,893 (2100)
Frequently asked questions
- What is gdp in Mongolia?
- Gdp in Mongolia was 23.59 billion current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Mongolia?
- The highest recorded value was 23.59 billion current US$ in 2024.
- What is the lowest gdp recorded in Mongolia?
- The lowest recorded value was 768.40 million current US$ in 1993.
- How does Mongolia rank for gdp?
- Mongolia ranks 122nd out of 211 countries with data for 2024.
- Is gdp rising or falling in Mongolia?
- Over the last ten years it is up 92.9%. 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 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release