Mongolia GDP
Gross Domestic Product in current US dollars NY.GDP.MKTP.CD
Mongolia's gdp was $25.1B in 2025, ranked 118th globally. This represents a 5.5% increase from 2024. Data from World Bank, covering 1980–2025.
Overview
Mongolia's gdp stood at $25.1B in 2025, a rise of +$1.3B from 2024. The IMF projects $25.1B by 2025. Mongolia ranked 118th globally.
Mongolia’s gross domestic product has risen from 2,101,394,100.00 in 1980 to an all‑time peak of 25,105,000,000.00 in 2025, placing the country 118th globally and ranking it alongside peers such as Mali (25,591,000,000.00) and Guyana (25,064,000,000.00). The trajectory includes a pronounced trough in 1993 when output fell to 768,401,634.15, reflecting the severe contraction that followed the transition from a centrally planned to a market‑oriented economy. Since that low point, Mongolia’s economy has expanded over 46 years, driven by mining exports, foreign investment, and modest diversification into services. The sustained increase has outpaced many similarly sized economies, although growth remains vulnerable to commodity price swings and climatic challenges that affect pastoral sectors. Continued development of value‑added industries and broader integration into regional trade networks could reinforce the upward trend and mitigate external shocks.
Data & projection
| Year | GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | $32.5B | - | - |
| 2029* IMF | $30.9B | - | - |
| 2028* IMF | $29.5B | - | - |
| 2027* IMF | $28.0B | - | - |
| 2026* IMF | $26.5B | - | - |
| 2025* IMF | $25.1B | - | - |
| 2025 | $25.1B | +$1.3B | #118 |
| 2024 | $23.8B | +$3.5B | #81 |
| 2023 | $20.3B | +$3.2B | #85 |
| 2022 | $17.1B | +$1.9B | #81 |
| 2021 | $15.3B | +$2.0B | #83 |
| 2020 | $13.3B | −$893.0M | #80 |
| 2019 | $14.2B | +$999.4M | #82 |
| 2018 | $13.2B | +$1.7B | #77 |
| 2017 | $11.5B | +$326.8M | #73 |
| 2016 | $11.2B | −$438.6M | #76 |
| 2015 | $11.6B | −$607.1M | #78 |
| 2014 | $12.2B | −$355.5M | #77 |
| 2013 | $12.6B | +$304.1M | #81 |
| 2012 | $12.3B | +$1.9B | #83 |
| 2011 | $10.4B | +$3.2B | #76 |
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 improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's gdp was $25.1B in 2025. Ranked 118th globally. This represents a 5.5% increase from the previous year.
Mongolia's gdp peaked at $25.1B in 2025.
The lowest gdp in Mongolia was $768.4M in 1993.
Mongolia ranks 118th globally in gdp as of 2025.
The World Bank indicator code is NY.GDP.MKTP.CD. Data sourced from World Bank.
Mongolia's gdp is projected to reach $25.1B by 2025 based on IMF projection.
Mongolia's gdp was approximately 25.11 billion ($25.1B) in 2025.
The gdp of Mongolia in 2025 was $25.1B. This ranks 118th in the world.
Cite this page
@misc{historysaid_mongolia_gdp,
title = {Mongolia GDP},
url = {https://historysaid.com/mongolia/gdp/},
publisher = {HistorySaid},
year = {2026}
}