Mongolia’s GDP Growth
#170 of 189 in the GDP Growth progress rankings
Measured as the annual percentage change in real GDP at constant national prices, this indicator shows the year-on-year rate of economic expansion. It reveals economic momentum and growth trends (higher is better).
Latest (2024)
4.9 %
Year-over-year
-2.6 %
Change since start (1982→2024)
-3.5 %
Key insights
- From 1982 to 2024, GDP Growth changed by -3.5 %.
- Most recent year-over-year change (2023→2024): -2.6 %.
- Lowest level: -9.3 % in 1992.
- Highest level: 17.3 % in 2011.
GDP Growth Chart (1982–2024)
*Average based on available data from 193 UN member countries
GDP Growth Table (1982–2024)
| Year | GDP Growth |
|---|---|
| 1982 | 8.3 % |
| 1983 | 5.8 % |
| 1984 | 5.9 % |
| 1985 | 5.7 % |
| 1986 | 9.4 % |
| 1987 | 3.5 % |
| 1988 | 5.1 % |
| 1989 | 4.2 % |
| 1990 | -3.2 % |
| 1991 | -8.7 % |
| 1992 | -9.3 % |
| 1993 | -3.2 % |
| 1994 | 2.1 % |
| 1995 | 6.4 % |
| 1996 | 2.2 % |
| 1997 | 3.9 % |
| 1998 | 3.3 % |
| 1999 | 3.1 % |
| 2000 | 1.2 % |
| 2001 | 3.0 % |
| 2002 | 4.7 % |
| 2003 | 7.0 % |
| 2004 | 10.6 % |
| 2005 | 7.3 % |
| 2006 | 8.6 % |
| 2007 | 10.3 % |
| 2008 | 8.9 % |
| 2009 | -1.3 % |
| 2010 | 6.4 % |
| 2011 | 17.3 % |
| 2012 | 12.3 % |
| 2013 | 11.7 % |
| 2014 | 7.9 % |
| 2015 | 2.4 % |
| 2016 | 1.5 % |
| 2017 | 5.6 % |
| 2018 | 7.7 % |
| 2019 | 5.6 % |
| 2020 | -4.6 % |
| 2021 | 1.6 % |
| 2022 | 5.0 % |
| 2023 | 7.4 % |
| 2024 | 4.9 % |
Source: World Bank