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Mongolia

Country in Asia

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In brief

GDP growth per year: +6.8% (2025). World rank 21 of 209 (1 = best); in Asia, 10 of 47. Industry, share of GDP: 37.3% (2025). World rank 22 of 200; in Asia, 14 of 47. Foreign direct investment, share of GDP: +10.8% (2025). World rank 15 of 197; in Asia, 5 of 46. From 2015 to 2025: GDP $11.6B → $25.4B, GDP per person $3,839 → $7,108, and GDP per person at purchasing power parity $10,458 → $20,798. Better than all its neighbours (China and Russia): GDP growth per year and Gini index (0 = full equality). Worse than all its neighbours (China and Russia): GDP per person, GDP per person at purchasing power parity, gross national income per person, unemployment, and living on under $3 a day.

Size and growth

GDP
$25.4B 2025
GDP per person
$7,108 2025
GDP per person at purchasing power parity
$20,798 2025
GDP growth per year
+6.8% 2025

Income and prices

Income level (World Bank)
Upper-middle income
Gross national income per person
$6,210 2025
Inflation
+8.6% 2025
Price level, USA = 100
34 2025

Structure and jobs

Agriculture, share of GDP
8.9% 2025
Industry, share of GDP
37.3% 2025
Services, share of GDP
44.3% 2025
Unemployment
5.2% 2025
Youth unemployment, ages 15–24
11.7% 2025
Women in work or seeking work
51.5% 2025

Trade and finance

Exports, share of GDP
68.1% 2025
Imports, share of GDP
62.6% 2025
Current account balance, share of GDP
-8.4% 2025
Foreign direct investment, share of GDP
+10.8% 2025
Remittances received, share of GDP
2.2% 2025
Tax revenue, share of GDP
16.9% 2024
Currency
Mongolian Tugrik (MNT)

Poverty and inequality

Gini index (0 = full equality)
31.4 2022
Living on under $3 a day
0.4% 2022