mn Mongolia 2022

Detailed economic analysis and indicators for 2022

Year 2022

Key Economic Indicators (2022)

GDP (Current USD)

$17.15 billion

↑ 12.17% vs 2021
GDP per Capita

$4,993.51

↑ 10.53% vs 2021
GDP Growth (Annual %)

5.03%

↑ 3.40pp vs 2021
Inflation Rate (CPI %)

15.15%

↑ 7.80pp vs 2021

Year-over-Year Comparison

Indicator 2021 2022 Change
GDP (Current USD) $15.29 billion $17.15 billion +12.17%
GDP per Capita $4,517.62 $4,993.51 +10.53%
GDP Growth (Annual %) 1.64% 5.03% +3.40pp
Inflation (CPI %) 7.35% 15.15% +7.80pp
Unemployment Rate (%) 7.75% 6.21% -1.54pp

All Economic Indicators (2022)

National Accounts
GDP (Current USD)
$17.15 billion
GDP per Capita
$4,993.51
GDP Growth (Annual %)
5.03%
Gross National Income
$15.07 billion
Prices & Employment
Inflation (CPI %)
15.15%
Inflation (GDP Deflator %)
17.71%
Unemployment Rate (%)
6.21%
Interest Rate (Real %)
N/A
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)
-13.43%
Government Debt (% GDP)
N/A
Data Last Updated
2025-10-23

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Frequently Asked Questions

As of 2022, Mongolia's Gross Domestic Product (GDP) is $17.15 billion. This represents the total value of goods and services produced in the country.

The GDP per capita in Mongolia for 2022 is $4,993.51. GDP per capita is calculated by dividing the country's GDP by its population.

The Consumer Price Index (CPI) inflation rate in Mongolia for 2022 is 15.15%. This measures the annual percentage change in the cost of consumer goods and services.

Mongolia's annual GDP growth rate for 2022 is 5.03%. This indicates the rate at which the country's economy is expanding or contracting.

The unemployment rate in Mongolia for 2022 is 6.21%. This represents the percentage of the labor force that is unemployed and actively seeking employment.