The Gross Domestic Product (GDP) in Mongolia expanded 6.10 percent in the first quarter of 2018 over the previous quarter. source: National Statistical Office of Mongolia

GDP Growth Rate in Mongolia averaged 5.45 percent from 1991 until 2018, reaching an all time high of 17.50 percent in the fourth quarter of 2011 and a record low of -9.30 percent in the fourth quarter of 1992. This page provides - Mongolia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia GDP Growth Rate YoY - values, historical data and charts - was last updated on December of 2021.

GDP Growth Rate in Mongolia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Mongolia to stand at 3.00 in 12 months time. In the long-term, the Mongolia GDP Growth Rate YoY is projected to trend around 3.00 percent in 2021, according to our econometric models.

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Mongolia GDP Growth Rate YoY


Related Last Previous Unit Reference
GDP Growth Rate 6.10 5.10 percent Mar/18
GDP Annual Growth Rate 3.60 6.30 percent Sep/21
Gross Fixed Capital Formation 1402597.70 1291506.60 MNT Million Mar/21
GDP From Utilities 117810.20 109544.90 MNT Million Mar/21
GDP From Transport 177991.90 475702.50 MNT Million Mar/21
GDP From Services 960722.80 880220.50 MNT Million Mar/21
GDP From Mining 861972.10 1299410.90 MNT Million Mar/21
GDP From Manufacturing 252631.70 611966.70 MNT Million Mar/21
GDP From Construction 44252.30 315531.30 MNT Million Mar/21
GDP From Agriculture 143189.70 539653.40 MNT Million Mar/21
GDP Constant Prices 3830293.50 5414950.20 MNT Million Mar/21
Gross National Product 33912487.90 32738370.90 MNT Million Dec/20
Mongolia GDP Growth Rate YoY
Mongolia is a transition economy in Central Asia. Despite economic reforms and strong GDP growth in the last few years, 30% of the population still lives below the poverty line. Mongolia's economy is centered on mining and livestock agriculture. The nation is rich in mineral resources with copper, coal, molybdenum, tin, tungsten, and gold being the most important. Mongolia is the world's biggest producer of cashmere.