Mongolia’s economy expanded by 6.8% year-on-year in the fourth quarter of 2025, accelerating from a 5.9% growth in the previous three-month period. This marked the strongest economic growth since the first quarter of 2024, driven by strong performances in mining and quarrying (1.4% vs 1.1% in Q3) and in the industry and construction sectors (1.5% vs 1.1%). Additionally, output increased faster in the services sector (1% vs 0.6%), particularly for transportation. On the other hand, growth softened for agriculture (2.9% vs 3.4%). On a seasonally adjusted quarterly basis, the GDP grew by 0.7% in Q4, slowing from a 1.4% gain in the preceding period. source: National Statistical Office of Mongolia

The Gross Domestic Product (GDP) in Mongolia expanded 6.80 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia averaged 5.98 percent from 1991 until 2025, reaching an all time high of 20.60 percent in the third quarter of 2011 and a record low of -10.10 percent in the first quarter of 2020. This page provides - Mongolia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

The Gross Domestic Product (GDP) in Mongolia expanded 6.80 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is expected to be 5.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia GDP Annual Growth Rate is projected to trend around 4.00 percent in 2027 and 4.40 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-11-17 09:30 AM
GDP Growth Rate YoY
Q3 5.9% 5.6% 2.0%
2026-02-17 09:00 AM
GDP Growth Rate YoY
Q4 6.8% 5.9% 4.8%
2026-05-18 09:00 AM
GDP Growth Rate YoY
Q1 6.8% 5.3%


Related Last Previous Unit Reference
GDP Growth Rate YoY 6.80 5.90 percent Dec 2025
GDP Constant Prices 10081379.90 8993108.10 MNT Million Dec 2025
GDP from Agriculture 613542.10 1107891.20 MNT Million Dec 2025
GDP from Construction 664823.90 246023.80 MNT Million Dec 2025
GDP from Manufacturing 1119335.70 567233.10 MNT Million Dec 2025
GDP from Mining 1447040.50 1400009.10 MNT Million Dec 2025
GDP from Services 2737825.10 2509145.90 MNT Million Dec 2025
GDP from Transport 958150.90 636302.90 MNT Million Dec 2025
GDP from Utilities 290873.20 157487.10 MNT Million Dec 2025
Gross Fixed Capital Formation 3586628.74 3435345.56 MNT Million Dec 2025
Gross National Product 70866564.70 62716010.30 MNT Million Dec 2024


Mongolia GDP Annual Growth Rate
Mongolia's services sector is the biggest and accounts for 43 percent of GDP. Industry has been expanding heavily in the past few years, contributing the most to economic growth and accounting for 34 percent of total output. Finally, agriculture makes up for 13 percent of total GDP.
Actual Previous Highest Lowest Dates Unit Frequency
6.80 5.90 20.60 -10.10 1991 - 2025 percent Quarterly

News Stream
Mongolia Q4 GDP Growth Strongest in 7 Quarters
Mongolia’s economy expanded by 6.8% year-on-year in the fourth quarter of 2025, accelerating from a 5.9% growth in the previous three-month period. This marked the strongest economic growth since the first quarter of 2024, driven by strong performances in mining and quarrying (1.4% vs 1.1% in Q3) and in the industry and construction sectors (1.5% vs 1.1%). Additionally, output increased faster in the services sector (1% vs 0.6%), particularly for transportation. On the other hand, growth softened for agriculture (2.9% vs 3.4%). On a seasonally adjusted quarterly basis, the GDP grew by 0.7% in Q4, slowing from a 1.4% gain in the preceding period.
2026-02-17
Mongolia Q3 GDP Strongest in Over a Year
Mongolia’s economy grew by 5.9% year-on-year in the third quarter of 2025, accelerating from a 5.6% expansion in the previous three-month period. This marked the fastest economic growth since the first quarter last year, mainly driven by a strong performance for mining and quarrying (1.1% vs 0.1% in Q2) and in the industry and construction sectors (1.1% vs 0.1%), particularly in manufacturing. In contrast, output growth slightly softened for agriculture (3.4% vs 3.6%) and in the services sector (0.6% vs 0.7%), due to declines in wholesale and retail and transportation. On a seasonally adjusted quarterly basis, the GDP expanded by 1.4% in Q3, following a 1.6% gain in the preceding period.
2025-11-17
Mongolia Q2 GDP Strongest in a Year
The gross domestic product of Mongolia expanded by 5.6% in the second quarter of 2025, accelerating from a 2.4% growth in the previous three-month period. This marked the strongest economic growth since the second quarter of last year, mainly driven by a strong performance in the agricultural sector (3.6% vs 1% in Q1). Additionally, production rose for industry and construction sectors (1% vs 0.4%), primarily in construction. On the other hand, output in services moderated (0.7% vs 1.2%), as wholesale and retail (-0.7% vs -0.6%) and transportation (-0.6% vs -1.2%) continued to decline, while other services slowed (1.4% vs 2.4%). On a seasonally adjusted quarterly basis, the country’s economy grew by 1.6% in Q2, following a 0.4% expansion in the preceding period.
2025-08-18