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

GDP Growth Rate in Mongolia is expected to be 5.60 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 5.70 in 12 months time. In the long-term, the Mongolia GDP Growth Rate YoY is projected to trend around 5.00 percent in 2020, according to our econometric models.

Mongolia GDP Growth Rate YoY
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Mongolia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 6.10 5.10 17.50 -9.30 percent [+]
GDP Annual Growth Rate 6.40 6.30 17.50 -9.30 percent [+]
GDP 11.49 11.18 12.58 0.77 USD Billion [+]
Gross Fixed Capital Formation 1389912.70 1384939.20 2053778.90 328910.20 MNT Million [+]
GDP per capita 4071.09 3906.10 4071.09 1363.70 USD [+]
GDP per capita PPP 11840.80 11361.00 11840.80 3966.20 USD [+]
Gross National Product 24103349.30 22316313.00 24103349.30 12585.90 MNT Million [+]
GDP Constant Prices 4801719.00 4791554.60 4823427.80 1674571.54 MNT Million [+]
GDP From Agriculture 698142.10 1024271.20 1024271.20 45958.52 MNT Million [+]
GDP From Construction 116966.70 146926.00 310573.50 5816.01 MNT Million [+]
GDP From Manufacturing 318222.70 292467.10 368798.10 120048.10 MNT Million [+]
GDP From Mining 1052038.40 822298.40 1294584.90 395477.20 MNT Million [+]
GDP From Services 1020182.70 889765.10 1020182.70 503792.82 MNT Million [+]
GDP From Transport 319189.70 241046.50 549805.00 122199.13 MNT Million [+]
GDP From Utilities 57692.60 65953.60 100654.10 39620.78 MNT Million [+]


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. This page provides - Mongolia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia GDP Growth Rate YoY - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.10 5.10 17.50 -9.30 1991 - 2018 percent Quarterly




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
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France 0.40 Sep/18
Australia 0.30 Sep/18
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Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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