Mongolia: economy and key statistics
Mongolia is number 123 in the 311 Nations Index, with a GDP of $25.4 billion in 2025. GDP per person is $7,108. The economy grew by 6.8% in 2025. Unemployment is 5.2%. The economy is 44% services, 37% industry, 9% agriculture. In 311 Institute directories: 10 R&D labs, 2 investors.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Mongolia is number 113 in the 311 National Power Index, scoring 29.6 out of 100: economic 50, technology 9, military 15 and human capital 52.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $25.4 billion | 2025 |
| GDP (purchasing power) | $74.2 billion | 2025 |
| GDP per person | $7,108 | 2025 |
| Economic growth | +6.8% | 2025 |
| Inflation | 8.6% | 2025 |
| Unemployment | 5.2% | 2025 |
| Population | 3.6 million | 2025 |
| Labour force | 1.5 million | 2025 |
| Services share of GDP | 44% | 2025 |
| Industry share of GDP | 37% | 2025 |
| Manufacturing share of GDP | 6% | 2025 |
| Agriculture share of GDP | 9% | 2025 |
| Exports share of GDP | 68% | 2025 |
| Foreign direct investment | 11.7% of GDP | 2024 |
| High-tech share of manufactured exports | 23% | 2023 |
| Internet users | 85% of people | 2024 |
Investors in Mongolia
Main export industries
Mongolia exported goods worth about $15.2bn in 2023. Its biggest export industries:
- Mineral fuels, mineral oils and products of their distillation: $9.3bn (61.1% of goods exports)
- Ores, slag and ash: $3.6bn (23.7% of goods exports)
- Natural, cultured pearls: $0.8bn (5.0% of goods exports)
- Wool, fine or coarse animal hair: $0.4bn (2.6% of goods exports)
- Salt: $0.3bn (1.8% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in Asia
- China (#2)
- Japan (#4)
- India (#6)
- South Korea (#13)
- Indonesia (#17)
- Singapore (#27)
- Thailand (#29)
- Vietnam (#32)
- Philippines (#33)
- Malaysia (#34)
- Bangladesh (#37)
- Hong Kong (#39)
- Pakistan (#41)
- Sri Lanka (#72)
- Myanmar (#85)
Questions and answers
How big is the economy of Mongolia?
Mongolia had a GDP of $25.4 billion in 2025, ranking number 123 in the 311 Nations Index.
What is GDP per person in Mongolia?
GDP per person in Mongolia was $7,108 in 2025.
How fast is the economy of Mongolia growing?
The economy of Mongolia grew by 6.8% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
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