East Asia & Pacific

🇲🇳 Mongolia

Real-time economic and demographic statistics for Mongolia

GDP

#125

of 214

Population

#136

of 217

GDP per Capita

#129

of 214

GDP Growth

#66

of 214

Share of World

0.02%

of world GDP

Income Level

Upper middle income

Mongolia GDP
+4.86%annual growth

Data year: 2024

Verified: Nov 2025

Mongolia GDP (2015–2024)

+4.86%annual growth

Demographics
3.5M

Population

+1.25%annual growth

Data year: 2024

Verified: Nov 2025

Economics
$6,691

GDP per Capita

+14.61%annual growth

Data year: 2024

Verified: Nov 2025

Economics
+4.86%

GDP Growth Rate

-2.56ppannual change

Data year: 2024

Verified: Nov 2025

Labor Market
5.42%

Unemployment Rate

-0.08ppannual change
Economics
+6.21%

Inflation Rate

-4.14ppannual change

Data year: 2024

Verified: Nov 2025

Frequently Asked Questions

What is Mongolia's GDP?
Mongolia's GDP is approximately $23.6 billion (2024, representing 0.0% of world GDP), making it the #125 largest economy out of 214 countries. Data sourced from the World Bank.
What is Mongolia's population?
Mongolia has a population of approximately 3.5M — the #136 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
What is Mongolia's GDP per capita?
Mongolia's GDP per capita is approximately $6,691, ranking #129 globally. This metric reflects average economic output per person and is a key indicator of living standards.
How fast is Mongolia's economy growing?
Mongolia's economy is currently growing at approximately 4.9% per year, ranking #66 globally by GDP growth rate. Data sourced from the World Bank.
What region is Mongolia in?
Mongolia is located in the East Asia & Pacific region and is classified as a upper middle income economy by the World Bank. This classification is based on gross national income (GNI) per capita.