mn Mongolia 2021

Detailed economic analysis and indicators for 2021

Year 2021

Key Economic Indicators (2021)

GDP (Current USD)

$15.29 billion

↑ 14.82% vs 2020
GDP per Capita

$4,517.62

↑ 12.91% vs 2020
GDP Growth (Annual %)

1.64%

↑ 6.19pp vs 2020
Inflation Rate (CPI %)

7.35%

↑ 3.56pp vs 2020

Year-over-Year Comparison

Indicator 2020 2021 Change
GDP (Current USD) $13.31 billion $15.29 billion +14.82%
GDP per Capita $4,001.25 $4,517.62 +12.91%
GDP Growth (Annual %) -4.56% 1.64% +6.19pp
Inflation (CPI %) 3.80% 7.35% +3.56pp
Unemployment Rate (%) 6.59% 7.75% +1.15pp

All Economic Indicators (2021)

National Accounts
GDP (Current USD)
$15.29 billion
GDP per Capita
$4,517.62
GDP Growth (Annual %)
1.64%
Gross National Income
$13.05 billion
Prices & Employment
Inflation (CPI %)
7.35%
Inflation (GDP Deflator %)
14.42%
Unemployment Rate (%)
7.75%
Interest Rate (Real %)
1.39%
Trade & Investment
Exports (Goods & Services)
N/A
Imports (Goods & Services)
N/A
FDI Inflow
N/A
FDI Outflow
N/A
Balance & Debt
Current Account Balance (% GDP)
-13.79%
Government Debt (% GDP)
N/A
Data Last Updated
2025-10-23

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Frequently Asked Questions

As of 2021, Mongolia's Gross Domestic Product (GDP) is $15.29 billion. This represents the total value of goods and services produced in the country.

The GDP per capita in Mongolia for 2021 is $4,517.62. GDP per capita is calculated by dividing the country's GDP by its population.

The Consumer Price Index (CPI) inflation rate in Mongolia for 2021 is 7.35%. This measures the annual percentage change in the cost of consumer goods and services.

Mongolia's annual GDP growth rate for 2021 is 1.64%. This indicates the rate at which the country's economy is expanding or contracting.

The unemployment rate in Mongolia for 2021 is 7.75%. This represents the percentage of the labor force that is unemployed and actively seeking employment.