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. source: National Statistical Office of Mongolia

Related	Last	Previous	Unit	Reference
GDP Growth Rate YoY	7.70	7.90	percent	Jun 2026
GDP Constant Prices	9692115.00	6736128.50	MNT Million	Jun 2026
GDP from Agriculture	1916841.46	261822.00	MNT Million	Jun 2026
GDP from Construction	260752.00	70175.00	MNT Million	Jun 2026
GDP from Manufacturing	580768.60	339138.40	MNT Million	Jun 2026
GDP from Mining	1254366.60	1231303.40	MNT Million	Jun 2026
GDP from Services	2410438.50	2218695.70	MNT Million	Jun 2026
GDP from Transport	354809.50	356453.90	MNT Million	Jun 2026
GDP from Utilities	201623.40	301105.40	MNT Million	Jun 2026
Gross Fixed Capital Formation	2838854.26	2329131.79	MNT Million	Jun 2026
Gross National Product	79844571.20	71613926.90	MNT Million	Dec 2025

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.