Mongolia GDP Growth Rate (2026)
Mongolia has a resource-driven Asian economy supported by mining, livestock, services, and trade. This page explores its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+5.3%
Annual real GDP growth
World Rank
#22
Out of 195 countries
Change vs 2025
-1.5 pp
2025: +6.8%
Asia Rank
#9
Out of 49 countries
1. Mongolia GDP Growth Rate in 2026
Mongolian economic growth is heavily influenced by mining output, commodity prices, investment, and trade with China. Copper and coal demand remain especially important.
2. Mongolia GDP Growth Rate Trends (1980–2026)
Mongolia’s growth history has been shaped by large mining projects, commodity cycles, foreign investment, and livestock agriculture. External demand has created significant economic volatility.
3. Mongolia GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +5.3% | -1.5 pp |
| 2025 | +6.8% | +1.7 pp |
| 2024 | +5.1% | -2.3 pp |
| 2023 | +7.4% | +2.4 pp |
| 2022 | +5.0% | +3.4 pp |
| 2021 | +1.6% | +6.2 pp |
| 2020 | -4.6% | -10.2 pp |
| 2019 | +5.6% | -2.1 pp |
| 2018 | +7.7% | +2.1 pp |
| 2017 | +5.6% | +4.1 pp |
| 2016 | +1.5% | -0.9 pp |
| 2015 | +2.4% | -5.5 pp |
| 2014 | +7.9% | -3.7 pp |
| 2013 | +11.6% | -0.7 pp |
| 2012 | +12.3% | -5.0 pp |
| 2011 | +17.3% | +10.0 pp |
| 2010 | +7.3% | +9.4 pp |
| 2009 | -2.1% | -9.9 pp |
| 2008 | +7.8% | -1.0 pp |
| 2007 | +8.8% | +0.6 pp |
| 2006 | +8.2% | +1.7 pp |
| 2005 | +6.5% | -2.9 pp |
| 2004 | +9.4% | +2.0 pp |
| 2003 | +7.4% | +2.1 pp |
| 2002 | +5.3% | +0.7 pp |
| 2001 | +4.6% | +3.5 pp |
| 2000 | +1.1% | -2.0 pp |
| 1999 | +3.1% | -0.2 pp |
| 1998 | +3.3% | -0.6 pp |
| 1997 | +3.9% | +1.7 pp |
| 1996 | +2.2% | -4.2 pp |
| 1995 | +6.4% | +4.3 pp |
| 1994 | +2.1% | +5.3 pp |
| 1993 | -3.2% | +6.1 pp |
| 1992 | -9.3% | -0.1 pp |
| 1991 | -9.2% | -6.7 pp |
| 1990 | -2.5% | -6.7 pp |
| 1989 | +4.2% | -0.9 pp |
| 1988 | +5.1% | +1.6 pp |
| 1987 | +3.5% | -5.9 pp |
| 1986 | +9.4% | +3.7 pp |
| 1985 | +5.7% | -0.2 pp |
| 1984 | +5.9% | +0.1 pp |
| 1983 | +5.8% | -2.5 pp |
| 1982 | +8.3% | -0.1 pp |
| 1981 | +8.4% | +2.0 pp |
| 1980 | +6.4% | — |
4. Mongolia GDP Growth Performance
Current Growth Rate
+5.3%
(2026 to 2026)
5-Year Average
+5.9%
(2022 to 2026)
10-Year Average
+4.5%
(2017 to 2026)
20-Year Average
+6.0%
(2007 to 2026)
The economy benefits from vast mineral resources and major mining investment, but its narrow export base makes performance highly sensitive to commodity markets and Chinese demand.
5. Mongolia GDP Growth Rate vs Asia and World
Mongolia
+5.3%
Asia Average
+2.4%
World Average
+2.8%
0.0%
2.6%
5.3%
Annual real GDP growth (%)
Mongolia’s GDP growth rate is approximately
2.9 pp
above the
Asia average
and
2.4 pp
above the world average.
6. Mongolia GDP Growth Rate Ranking in Asia
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #5 | Kyrgyzstan | +6.1% |
| #6 | Tajikistan | +6.0% |
| #7 | Georgia | +5.3% |
| #8 | Armenia | +5.3% |
| #9 | Mongolia | +5.3% |
| #10 | Taiwan | +5.2% |
| #11 | Sri Lanka | +5.0% |
| #12 | Indonesia | +5.0% |
| #13 | Malaysia | +4.7% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Mongolia
Mongolia GDP (Nominal)
$28.5 Billion
(2026)
Mongolia GDP Growth Rate
+5.3%
(2026)
Mongolia can grow much faster than mature economies during strong mining cycles. Its performance is more volatile than many regional peers because of commodity dependence.
Explore more:
Mongolia GDP
9. Mongolia GDP Growth Rate Forecast
The outlook depends on mining production, Chinese demand, investment, infrastructure, and diversification. Commodity swings and external financing remain important risks.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +5.3% | +0.0 pp |
| 2028 | +5.2% | -0.1 pp |
| 2029 | +5.0% | -0.2 pp |
| 2030 | +5.0% | 0.0 pp |
10. Mongolia GDP Growth Rate: Key Findings
Mongolia GDP growth rate is estimated at +5.3% in 2026.
It ranks #22 globally and #9 in Asia by annual GDP growth rate.
The growth rate slowed by 1.5 percentage points compared with 2025.
The 5-year average GDP growth rate is +5.9%.
The 10-year average GDP growth rate is +4.5%.
The current rate is 2.9 percentage points above the Asia average.
The current rate is 2.4 percentage points above the world average.
The forecast GDP growth rate is +5.0% in 2030, 0.3 percentage points below the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Mongolia GDP Growth Rate FAQs
Mongolia GDP growth rate is estimated at +5.3% in 2026.
Mongolia ranks #22 globally and #9 in Asia by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +5.3% in 2026.
Mongolia GDP growth rate was +2.4% in 2015.
Mongolia GDP growth rate is 2.9 percentage points above the Asia average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.