Mongolia 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$21.06 billion
↑ 3.60% vs 2023GDP per Capita
$6,049.11
↑ 3.60% vs 2023GDP Growth (Annual %)
3.60%
↓ 3.82pp vs 2023Inflation Rate (CPI %)
6.80%
↓ 3.54pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $20.33 billion | $21.06 billion | +3.60% |
| GDP per Capita | $5,838.63 | $6,049.11 | +3.60% |
| GDP Growth (Annual %) | 7.42% | 3.60% | -3.82pp |
| Inflation (CPI %) | 10.35% | 6.80% | -3.54pp |
| Unemployment Rate (%) | 5.50% | 5.42% | -0.08pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $21.06 billion
- GDP per Capita
- $6,049.11
- GDP Growth (Annual %)
- 3.60%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 6.80%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 5.42%
- 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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Mongolia's Gross Domestic Product (GDP) is $21.06 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Mongolia for 2024 is $6,049.11. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Mongolia for 2024 is 6.80%. This measures the annual percentage change in the cost of consumer goods and services.
Mongolia's annual GDP growth rate for 2024 is 3.60%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Mongolia for 2024 is 5.42%. This represents the percentage of the labor force that is unemployed and actively seeking employment.