Mongolia Economy Expands 7.7% in H1 2026

2026-08-18 09:56 By Larissa Caser 1 min. read

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.



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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.
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