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	5.60	2.40	percent	Jun 2025
GDP Constant Prices	9012460.60	6244927.00	MNT Million	Jun 2025
GDP from Agriculture	1722418.40	235043.10	MNT Million	Jun 2025
GDP from Construction	242710.90	64087.90	MNT Million	Jun 2025
GDP from Manufacturing	546306.50	363014.00	MNT Million	Jun 2025
GDP from Mining	967981.60	921615.20	MNT Million	Jun 2025
GDP from Services	2352934.30	2160636.30	MNT Million	Jun 2025
GDP from Transport	297605.90	287934.20	MNT Million	Jun 2025
GDP from Utilities	189200.70	278907.70	MNT Million	Jun 2025
Gross Fixed Capital Formation	3014760.33	2792122.25	MNT Million	Jun 2025
Gross National Product	70866564.70	62716010.30	MNT Million	Dec 2024

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.