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 November of 2020.

GDP Growth Rate in Mongolia is expected to be 6.30 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 5.00 in 12 months time. In the long-term, the Mongolia GDP Growth Rate YoY is projected to trend around 5.00 percent in 2021, according to our econometric models.

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Mongolia GDP Growth Rate YoY

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

Mongolia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 6.10 5.10 17.50 -9.30 percent [+]
GDP Annual Growth Rate -7.30 -9.70 17.50 -10.70 percent [+]
GDP 13.85 13.11 13.85 0.77 USD Billion [+]
Gross Fixed Capital Formation 1825944.80 1434845.00 2053778.90 328910.20 MNT Million [+]
GDP per capita 4350.20 4210.90 4350.20 1363.70 USD [+]
GDP per capita PPP 12309.80 11915.60 12309.80 3858.80 USD [+]
Gross National Product 32738370.90 29089260.20 32738370.90 12585.90 MNT Million [+]
GDP Constant Prices 4953102.50 4453946.00 5503642.20 1711157.40 MNT Million [+]
GDP From Agriculture 601898.60 716450.60 1083025.10 45958.52 MNT Million [+]
GDP From Construction 336901.50 137550.40 336901.50 5816.01 MNT Million [+]
GDP From Manufacturing 547603.20 334280.00 547603.20 120048.10 MNT Million [+]
GDP From Mining 1073577.50 1043521.60 1294584.90 395477.20 MNT Million [+]
GDP From Services 958247.20 1024137.90 1024137.90 503792.82 MNT Million [+]
GDP From Transport 564840.20 370644.00 567307.80 122199.13 MNT Million [+]
GDP From Utilities 109161.50 61792.50 109161.50 39620.78 MNT Million [+]


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.