Mongolia's GDP growth slowed to 4.9% in 2024, compared to the 7.4% expansion recorded in 2023. Full Year GDP Growth in Mongolia averaged 4.60 percent from 1961 until 2024, reaching an all time high of 17.30 percent in 2011 and a record low of -11.10 percent in 1968.
Full Year GDP Growth in Mongolia is expected to reach 5.00 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Full Year GDP Growth is projected to trend around 6.60 percent in 2026 and 5.90 percent in 2027, according to our econometric models.