Updated · Source: IMF World Economic Outlook, April 2026
Nominal Gross Domestic Product (GDP) of Mongolia is $28.45 billion as of 2026, according to the International Monetary Fund (IMF). The GDP growth rate in 2026 is 5.3%. GDP per capita is $7,853.
Mongolia GDP Trend
Nominal GDP of Mongolia has grown from $2.73 billion in 1980 to $28.45 billion in 2026.
Mongolia GDP Growth Rate (%)
This chart shows the year-over-year real GDP growth rate of Mongolia. Hover any bar to see the exact value for that year.
Average Growth
4.73%
Best Year
2011 (+17.3%)
Worst Year
1992 (-9.3%)
Years of Contraction
6 of 47
GDP per capita in Mongolia rose from $7,079 in 2025 to $7,853 in 2026, an increase of 10.9%.
"Mongolia GDP", "Mongolia gross domestic product", and "Mongolia economy size" all refer to the same nominal GDP figure.
Gross Domestic Product (GDP) of Mongolia
The table below shows nominal and PPP GDP, growth rate, and GDP per capita for Mongolia for every year IMF has published data, from 1980 to 2026. Click any column header to sort, or search by year.
Mongolia nominal GDP by year
Year
GDP Nominal (Current USD)
GDP Growth
GDP per capita
Pop. Change
2026
$28,450,000,000
5.3%
$7,853
1.09%
2025
$25,370,000,000
6.8%
$7,079
1.1%
2024
$23,795,000,000
5.1%
$6,713
1.14%
2023
$20,315,000,000
7.4%
$5,797
1.36%
2022
$17,146,000,000
5%
$4,959
1.41%
2021
$15,286,000,000
1.6%
$4,483
1.55%
2020
$13,313,000,000
-4.6%
$3,965
1.85%
2019
$14,206,000,000
5.6%
$4,309
1.82%
2018
$13,207,000,000
7.7%
$4,078
1.89%
2017
$11,481,000,000
5.6%
$3,613
1.86%
2016
$11,154,000,000
1.5%
$3,575
2.03%
2015
$11,620,000,000
2.4%
$3,800
2.07%
2014
$12,227,000,000
7.9%
$4,081
2.25%
2013
$12,582,000,000
11.6%
$4,294
2.16%
2012
$12,278,000,000
12.3%
$4,281
1.99%
2011
$10,410,000,000
17.3%
$3,702
1.85%
2010
$7,185,000,000
7.3%
$2,602
1.66%
2009
$4,584,000,000
-2.1%
$1,688
1.88%
2008
$5,623,000,000
7.8%
$2,109
1.76%
2007
$4,235,000,000
8.8%
$1,616
1.43%
2006
$3,414,000,000
8.2%
$1,322
1.25%
2005
$2,523,000,000
6.5%
$989
1.15%
2004
$1,992,000,000
9.4%
$790
1.08%
2003
$1,595,000,000
7.4%
$639
1.18%
2002
$1,397,000,000
5.3%
$566
1.4%
2001
$1,268,000,000
4.6%
$521
1.21%
2000
$1,137,000,000
1.1%
$473
1.26%
1999
$1,057,000,000
3.1%
$446
1.41%
1998
$1,125,000,000
3.3%
$481
1.43%
1997
$1,181,000,000
3.9%
$512
1.36%
1996
$1,348,000,000
2.2%
$592
1.47%
1995
$1,452,000,000
6.4%
$647
1.49%
1994
$926,000,000
2.1%
$419
0.96%
1993
$771,000,000
-3.2%
$352
0.92%
1992
$1,566,000,000
-9.3%
$722
1.88%
1991
$2,821,000,000
-9.2%
$1,325
2.45%
1990
$2,678,000,000
-2.5%
$1,289
—
1989
$4,275,000,000
4.2%
—
—
1988
$4,104,000,000
5.1%
—
—
1987
$4,086,000,000
3.5%
—
—
1986
$3,636,000,000
9.4%
—
—
1985
$3,294,000,000
5.7%
—
—
1984
$2,837,000,000
5.9%
—
—
1983
$3,071,000,000
5.8%
—
—
1982
$2,963,000,000
8.3%
—
—
1981
$2,854,000,000
8.4%
—
—
1980
$2,728,000,000
6.4%
—
—
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The nominal GDP of Mongolia in 2026 is $28.45 billion, according to the IMF World Economic Outlook (April 2026). This ranks Mongolia 124th in the world by nominal GDP.
What is the GDP growth rate of Mongolia?
The GDP growth rate of Mongolia in 2026 is 5.3%, per IMF estimates.
What is the GDP per capita of Mongolia?
GDP per capita in Mongolia in 2026 is $7,853, per IMF data.
Is the GDP of Mongolia expected to grow?
IMF projects the nominal GDP of Mongolia to reach $40.47 billion by 2031, up from $28.45 billion in 2026.
Sources: IMF, World Economic Outlook (April 2026).
Disclaimer: GDP figures are IMF World Economic Outlook (April 2026) estimates and projections, subject to revision in future WEO releases. This page is for informational purposes only and is not investment or economic advice.