Mongolia GDP Deflator
Inflation as measured by annual growth rate of GDP implicit deflator NY.GDP.DEFL.KD.ZG
Mongolia's gdp deflator was 18.65% in 2025, ranked 21st globally. This represents a 108.8% increase from 2024. Data from World Bank, covering 1982–2025.
Overview
Mongolia's gdp deflator stood at 18.65% in 2025, a rise of +9.72pp from 2024. Based on recent trends, this figure is projected to reach 18.65% by 2025. Mongolia ranked 21st globally.
Mongolia’s GDP deflator has risen sharply from an early‑record low of 1.98 % in 1982 to a 2025 level of 18.65 %, placing the country 21st globally and slightly below peers such as Sri Lanka (18.85 %) and American Samoa (19.84 %). The indicator’s most extreme swing occurred in the early 1990s, when the deflator peaked at 318.90 % in 1993 amid the transition from a centrally planned to a market economy, while a brief deflationary episode produced a trough of –9.17 % in 1986. Over the 44‑year coverage period, the upward trajectory reflects persistent price pressures associated with rapid urbanisation, mining‑driven growth and expanding consumer demand. Continued moderation of commodity price volatility and structural reforms aimed at diversifying the economy could temper inflationary forces, potentially slowing the deflator’s ascent in the coming years.
Data & projection
| Year | GDP Deflator | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 22.21% | - | - |
| 2026* trend | 20.43% | - | - |
| 2025* trend | 18.65% | - | - |
| 2025 | 18.65% | +9.72pp | #21 |
| 2024 | 8.93% | −12.84pp | #165 |
| 2023 | 21.77% | +4.05pp | #186 |
| 2022 | 17.71% | +3.29pp | #181 |
| 2021 | 14.42% | +10.71pp | #174 |
| 2020 | 3.71% | −6.27pp | #138 |
| 2019 | 9.97% | +2.01pp | #195 |
| 2018 | 7.96% | −2.84pp | #176 |
| 2017 | 10.80% | +7.81pp | #184 |
| 2016 | 2.99% | +2.38pp | #135 |
| 2015 | 0.61% | −6.84pp | #59 |
| 2014 | 7.45% | +4.54pp | #181 |
| 2013 | 2.91% | −9.88pp | #127 |
| 2012 | 12.78% | −2.33pp | #193 |
| 2011 | 15.12% | −24.06pp | #179 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp deflator improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's gdp deflator was 18.65% in 2025. Ranked 21st globally. This represents a 108.8% increase from the previous year.
Mongolia's gdp deflator peaked at 318.90% in 1993.
The lowest gdp deflator in Mongolia was -9.17% in 1986.
Mongolia ranks 21st globally in gdp deflator as of 2025.
The World Bank indicator code is NY.GDP.DEFL.KD.ZG. Data sourced from World Bank.
Mongolia's gdp deflator is projected to reach 18.65% by 2025 based on trend extrapolation.
The gdp deflator of Mongolia in 2025 was 18.65%. This ranks 21st in the world.
Cite this page
@misc{historysaid_mongolia_gdp-deflator,
title = {Mongolia GDP Deflator},
url = {https://historysaid.com/mongolia/gdp-deflator/},
publisher = {HistorySaid},
year = {2026}
}