Gross domestic product (GDP) (Total economy, Domestic currency) in Mongolia
Mongolia: Gross domestic product (GDP) (Total economy, Domestic currency) was 97.98 trillion Domestic currency in 2027. ◆ Volatile
Gross domestic product (GDP) in Mongolia, 1950–2027
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
In 2027, gross domestic product (gdp) in Mongolia stood at 97.98 trillion Domestic currency. That is the highest value across all 78 years on record.
That represents a change of up 11.8% on the previous year and up 249.8% over ten years.
Over the whole period, gross domestic product (gdp) in Mongolia peaked at 97.98 trillion Domestic currency in 2027 and was at its lowest, 1.19 billion Domestic currency, in 1950.
That places Mongolia 14th out of 86 countries with data for 2027, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP) (Total economy, Domestic currency) in Mongolia, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 1950 | 1.19 billion Domestic currency | — |
| 1951 | 1.27 billion Domestic currency | +6.9% |
| 1952 | 1.36 billion Domestic currency | +6.9% |
| 1953 | 1.46 billion Domestic currency | +6.9% |
| 1954 | 1.56 billion Domestic currency | +6.9% |
| 1955 | 1.66 billion Domestic currency | +6.9% |
| 1956 | 1.78 billion Domestic currency | +6.9% |
| 1957 | 1.90 billion Domestic currency | +6.9% |
| 1958 | 2.03 billion Domestic currency | +6.9% |
| 1959 | 2.17 billion Domestic currency | +6.9% |
| 1960 | 2.32 billion Domestic currency | +6.9% |
| 1961 | 2.48 billion Domestic currency | +6.9% |
| 1962 | 2.65 billion Domestic currency | +6.9% |
| 1963 | 2.84 billion Domestic currency | +6.9% |
| 1964 | 3.03 billion Domestic currency | +6.9% |
| 1965 | 3.24 billion Domestic currency | +6.9% |
| 1966 | 3.47 billion Domestic currency | +6.9% |
| 1967 | 3.71 billion Domestic currency | +6.9% |
| 1968 | 3.96 billion Domestic currency | +6.9% |
| 1969 | 4.24 billion Domestic currency | +7.0% |
| 1970 | 4.61 billion Domestic currency | +8.7% |
| 1971 | 4.83 billion Domestic currency | +4.7% |
| 1972 | 5.00 billion Domestic currency | +3.6% |
| 1973 | 5.44 billion Domestic currency | +8.9% |
| 1974 | 5.67 billion Domestic currency | +4.2% |
| 1975 | 6.04 billion Domestic currency | +6.5% |
| 1976 | 6.28 billion Domestic currency | +3.9% |
| 1977 | 6.77 billion Domestic currency | +7.8% |
| 1978 | 7.28 billion Domestic currency | +7.5% |
| 1979 | 7.59 billion Domestic currency | +4.3% |
| 1980 | 8.07 billion Domestic currency | +6.4% |
| 1981 | 8.88 billion Domestic currency | +9.9% |
| 1982 | 9.81 billion Domestic currency | +10.5% |
| 1983 | 10.47 billion Domestic currency | +6.8% |
| 1984 | 10.75 billion Domestic currency | +2.7% |
| 1985 | 11.20 billion Domestic currency | +4.2% |
| 1986 | 11.13 billion Domestic currency | -0.7% |
| 1987 | 11.60 billion Domestic currency | +4.3% |
| 1988 | 12.31 billion Domestic currency | +6.1% |
| 1989 | 12.83 billion Domestic currency | +4.2% |
| 1990 | 12.51 billion Domestic currency | -2.5% |
| 1991 | 22.60 billion Domestic currency | +80.7% |
| 1992 | 56.13 billion Domestic currency | +148.4% |
| 1993 | 227.68 billion Domestic currency | +305.6% |
| 1994 | 382.10 billion Domestic currency | +67.8% |
| 1995 | 651.46 billion Domestic currency | +70.5% |
| 1996 | 738.00 billion Domestic currency | +13.3% |
| 1997 | 932.93 billion Domestic currency | +26.4% |
| 1998 | 945.46 billion Domestic currency | +1.3% |
| 1999 | 1.08 trillion Domestic currency | +14.3% |
| 2000 | 1.22 trillion Domestic currency | +13.3% |
| 2001 | 1.39 trillion Domestic currency | +13.7% |
| 2002 | 1.55 trillion Domestic currency | +11.4% |
| 2003 | 1.83 trillion Domestic currency | +18.0% |
| 2004 | 2.36 trillion Domestic currency | +29.1% |
| 2005 | 3.04 trillion Domestic currency | +28.8% |
| 2006 | 4.03 trillion Domestic currency | +32.4% |
| 2007 | 4.96 trillion Domestic currency | +23.1% |
| 2008 | 6.56 trillion Domestic currency | +32.3% |
| 2009 | 6.59 trillion Domestic currency | +0.5% |
| 2010 | 9.76 trillion Domestic currency | +48.0% |
| 2011 | 13.17 trillion Domestic currency | +35.0% |
| 2012 | 16.69 trillion Domestic currency | +26.7% |
| 2013 | 19.17 trillion Domestic currency | +14.9% |
| 2014 | 22.23 trillion Domestic currency | +15.9% |
| 2015 | 22.89 trillion Domestic currency | +3.0% |
| 2016 | 23.93 trillion Domestic currency | +4.5% |
| 2017 | 28.01 trillion Domestic currency | +17.0% |
| 2018 | 32.58 trillion Domestic currency | +16.3% |
| 2019 | 37.84 trillion Domestic currency | +16.1% |
| 2020 | 37.45 trillion Domestic currency | -1.0% |
| 2021 | 43.56 trillion Domestic currency | +16.3% |
| 2022 | 50.17 trillion Domestic currency | +15.2% |
| 2023 | 58.28 trillion Domestic currency | +16.2% |
| 2024 | 68.12 trillion Domestic currency | +16.9% |
| 2025 | 77.68 trillion Domestic currency | +14.0% |
| 2026 | 87.64 trillion Domestic currency | +12.8% |
| 2027 | 97.98 trillion Domestic currency | +11.8% |
Mongolia compared with similar countries
- Mongolia's 97.98 trillion Domestic currency is above the median for upper middle income countries, which is 7.12 trillion Domestic currency, 13.8× the median. (24 countries reporting)
- Mongolia's 97.98 trillion Domestic currency is above the median for East Asia & Pacific, which is 3.67 trillion Domestic currency, 26.7× the median. (13 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) (Total economy, Domestic currency) 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 | +305.6% | 56.13 billion Domestic currency | 227.68 billion Domestic currency |
| 1992 | +148.4% | 22.60 billion Domestic currency | 56.13 billion Domestic currency |
| 1991 | +80.7% | 12.51 billion Domestic currency | 22.60 billion Domestic currency |
| 1995 | +70.5% | 382.10 billion Domestic currency | 651.46 billion Domestic currency |
| 1994 | +67.8% | 227.68 billion Domestic currency | 382.10 billion Domestic currency |
| 2010 | +48.0% | 6.59 trillion Domestic currency | 9.76 trillion Domestic currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 1.64 billion Domestic currency | 1.19 billion Domestic currency | 2.17 billion Domestic currency | 10 |
| 1960s | 3.20 billion Domestic currency | 2.32 billion Domestic currency | 4.24 billion Domestic currency | 10 |
| 1970s | 5.95 billion Domestic currency | 4.61 billion Domestic currency | 7.59 billion Domestic currency | 10 |
| 1980s | 10.71 billion Domestic currency | 8.07 billion Domestic currency | 12.83 billion Domestic currency | 10 |
| 1990s | 504.94 billion Domestic currency | 12.51 billion Domestic currency | 1.08 trillion Domestic currency | 10 |
| 2000s | 3.35 trillion Domestic currency | 1.22 trillion Domestic currency | 6.59 trillion Domestic currency | 10 |
| 2010s | 22.63 trillion Domestic currency | 9.76 trillion Domestic currency | 37.84 trillion Domestic currency | 10 |
| 2020s | 65.11 trillion Domestic currency | 37.45 trillion Domestic currency | 97.98 trillion Domestic currency | 8 |
Countries ranked near Mongolia
- 11 China 169.27 trillion Domestic currency compare
- 12 Kazakhstan 167.45 trillion Domestic currency compare
- 13 Zimbabwe 131.93 trillion Domestic currency compare
- 15 Angola 92.29 trillion Domestic currency compare
- 16 Hungary 90.52 trillion Domestic currency compare
- 17 Turkey 48.28 trillion Domestic currency compare
More public sector data for Mongolia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 3.00 million SIPRI trend indicator values (2022)
- Arms imports (SIPRI trend indicator values), per capita 0.8737 SIPRI trend indicator values per person (2022)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2022)
- Arms imports (SIPRI trend indicator values), annual growth rate -88 % change on previous year (2022)
Frequently asked questions
- What is gross domestic product (gdp) in Mongolia?
- Gross domestic product (gdp) in Mongolia was 97.98 trillion Domestic currency in 2027, according to International Monetary Fund.
- What is the highest gross domestic product (gdp) recorded in Mongolia?
- The highest recorded value was 97.98 trillion Domestic currency in 2027.
- What is the lowest gross domestic product (gdp) recorded in Mongolia?
- The lowest recorded value was 1.19 billion Domestic currency in 1950.
- How does Mongolia rank for gross domestic product (gdp)?
- Mongolia ranks 14th out of 86 countries with data for 2027.
- Is gross domestic product (gdp) rising or falling in Mongolia?
- Over the last ten years it is up 249.8%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP) (Total economy, Domestic currency). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 78 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Public Sector Balance Sheet (PSBS) Database shows comprehensive estimates of public sector assets and liabilities that formed the basis for the analysis presented in the October 2018 edition of the Fiscal Monitor. The database covers a broad sample of 55 countries, of which 25 countries contain time-series estimated PSBS and the rest for one single-year data compiled as part of Financial Transparency Evaluations and IMF Technical Assistance missions. The PSBS database is compiled on a best-effort basis, using the conceptual framework of the IMF's Government Finance Statistics Manual 2014. Data for the central and general government generally replicate data reported by country authorities in the IMF's Government Finance Statistics database. Data for the central bank generally replicate data reported by country authorities in the IMF's Monetary and Financial Statistics database. Where these data fail to cover all categories of assets and liabilities, they are complemented by other data reported by statistical authorities at the national level. other international organizations, or staff estimates. Data sources for public corporations are country specific and are captured in the country specific metadata documents.