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Economy of Mongolia

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

8.2% 38.8% 12.8% 8.8% 27.7%
  • Agriculture, forestry & fishing: 8.2%
  • Mining, manufacturing & utilities: 38.8%
  • Construction: 3.6%
  • Trade, restaurants & hotels: 12.8%
  • Transport & communication: 8.8%
  • Finance, real estate & other services: 27.7%
Show table
Agriculture, forestry & fishing
8.2%
Mining, manufacturing & utilities
38.8%
Construction
3.6%
Trade, restaurants & hotels
12.8%
Transport & communication
8.8%
Finance, real estate & other services
27.7%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 28.5B #120 / 190 2026
GDP (Local currency - MNT) 103.57T - 2026
Real GDP (Local currency - MNT) 36.14T - 2026
PPP GDP (Int$) 80.4B #114 / 191 2026
GNI (USD) 20.9B #125 / 210 2024

GDP per Capita

GDP per Capita (USD) 7,853 #105 / 190 2026
GDP per Capita (Local currency - MNT) 28.6M - 2026
Real GDP per Capita (Local currency - MNT) 9.98M - 2026
PPP GDP per Capita (Int$) 22,192 #96 / 191 2026
GNI per Capita (USD) 6,015 #128 / 210 2024

Economic Growth

GDP Growth 5.3% #22 / 191 2026

Prices and Inflation

Inflation Rate 7.4% #29 / 191 2026

Labor Market

Unemployment Rate 5% #54 / 103 2026

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