The Gross Domestic Product (GDP) in Mongolia expanded 6.10 percent in the first quarter of 2018 over the previous quarter. source: National Statistical Office of Mongolia

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. This page provides - Mongolia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia GDP Growth Rate YoY - values, historical data and charts - was last updated on July of 2022.

GDP Growth Rate in Mongolia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Mongolia to stand at 3.00 in 12 months time. In the long-term, the Mongolia GDP Growth Rate YoY is projected to trend around 3.00 percent in 2021, according to our econometric models.

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Mongolia GDP Growth Rate YoY



Related Last Previous Unit Reference
GDP Growth Rate 6.10 5.10 percent Mar 2018
GDP Annual Growth Rate -3.80 1.40 percent Mar 2022
Gross Fixed Capital Formation 2294725.10 2093956.50 MNT Million Dec 2021
GDP From Utilities 236636.80 127255.90 MNT Million Dec 2021
GDP From Transport 391994.30 291940.60 MNT Million Dec 2021
GDP From Services 2093419.00 1984227.20 MNT Million Dec 2021
GDP From Mining 1132962.60 971909.80 MNT Million Dec 2021
GDP From Manufacturing 894012.70 501851.40 MNT Million Dec 2021
GDP From Construction 381767.60 144077.30 MNT Million Dec 2021
GDP From Agriculture 733319.40 1100274.20 MNT Million Dec 2021
GDP Constant Prices 7524485.88 6959703.06 MNT Million Dec 2021
Gross National Product 33912487.90 32738370.90 MNT Million Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
6.10 5.10 17.50 -9.30 1991 - 2018 percent Quarterly