Mongolia’s economy expanded 7.7% in the first half of 2026 compared to the same period a year earlier. The expansion was driven mainly by strong growth in mining and quarrying (31.5%) and agriculture (11.3%). Meanwhile, services (3.8%) and manufacturing and construction (4.1%) recorded more modest growth. On the expenditure side, total capital accumulation declined 14.5%, largely due to a 38.6% drop in changes in tangible working capital. Government spending increased 4.2%, while household consumption edged up 0.5%. On a seasonally adjusted quarterly basis, the economy grew 1.4% in the second quarter of 2026, slowing from a 3.1% expansion in the previous quarter. source: National Statistical Office of Mongolia

The Gross Domestic Product (GDP) in Mongolia expanded 7.70 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia averaged 6.01 percent from 1991 until 2026, 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 August of 2026.

The Gross Domestic Product (GDP) in Mongolia expanded 7.70 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is expected to be 5.00 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
2026-05-18 09:00 AM
GDP Growth Rate YoY
Q1 7.9% 6.8% 5.3%
2026-08-18 09:30 AM
GDP Growth Rate YoY
Q2 7.7% 7.9% 4.6%
2026-11-17 09:00 AM
GDP Growth Rate YoY
Q3 7.7% 5%


Related Last Previous Unit Reference
GDP Growth Rate YoY 7.70 7.90 percent Jun 2026
GDP Constant Prices 6736128.50 10081379.90 MNT Million Mar 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 2329131.79 3586628.74 MNT Million Mar 2026
Gross National Product 79844571.20 71613926.90 MNT Million Dec 2025


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
7.70 7.90 20.60 -10.10 1991 - 2026 percent Quarterly

News Stream
Mongolia Economy Expands 7.7% in H1 2026
Mongolia’s economy expanded 7.7% in the first half of 2026 compared to the same period a year earlier. The expansion was driven mainly by strong growth in mining and quarrying (31.5%) and agriculture (11.3%). Meanwhile, services (3.8%) and manufacturing and construction (4.1%) recorded more modest growth. On the expenditure side, total capital accumulation declined 14.5%, largely due to a 38.6% drop in changes in tangible working capital. Government spending increased 4.2%, while household consumption edged up 0.5%. On a seasonally adjusted quarterly basis, the economy grew 1.4% in the second quarter of 2026, slowing from a 3.1% expansion in the previous quarter.
2026-08-18
Mongolia Q1 GDP Growth Strongest in 2 Years
Mongolia’s economy expanded by 7.9% year-on-year in the first quarter of 2026, accelerating from 6.8% growth in the previous quarter and marking the strongest pace since Q1 2024.The expansion was driven mainly by stronger activity in mining and quarrying (5.0% vs 1.4% in Q4), alongside improved performance in the services sector (2.2% vs 1.0%), particularly transportation services (0.9%). Meanwhile, growth moderated for agriculture (0.4% vs 2.9%), while industry and construction sectors also slowed (0.1% vs 1.5%). On a seasonally adjusted quarterly basis, the GDP rose by 3.1% in Q1, picking up from a 0.7% gain in the previous three-month period.
2026-05-18
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