The economy of Mongolia contracted 3.8% year-on-year in the first three months of 2022, the first decline in five quarters. source: National Statistical Office of Mongolia

GDP Annual Growth Rate in Mongolia averaged 6.03 percent from 1991 until 2022, 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 July of 2022.

GDP Annual 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. In the long-term, the Mongolia GDP Annual Growth Rate is projected to trend around 6.00 percent in 2023, according to our econometric models.

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Mongolia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-02-18 09:00 AM Q4 1.4% 3.6% 4.2%
2022-05-20 09:00 AM Q1 -3.8% 1.4% 2.5%
2022-08-19 10:00 AM Q2 -3.8%


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 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
-3.80 1.40 20.60 -10.10 1991 - 2022 percent Quarterly