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Macro

Mongolia

East Asia & Pacific · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 6.6%
Current prices2025
25USD bn
GDP per capita▲ 5.5%
Current prices2025
7,079USD
Real GDP growth▲ 1.7 pp
Annual change2025
6.8%
Inflation▲ 2.4 pp
Average consumer prices2025
8.6%
Unemployment▼ 0.6 pp
Rate2025
5.3%
Government debt▲ 1.0 pp
General government, gross2025
45.1% of GDP
Current account▲ 1.8 pp
Balance2025
-8.6% of GDP
Population▲ 1.1%
Total2025
3.58million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-4.60.017.31995: 6.4%1996: 2.2%1997: 3.9%1998: 3.3%1999: 3.1%2000: 1.1%2001: 4.6%2002: 5.3%2003: 7.4%2004: 9.4%2005: 6.5%2006: 8.2%2007: 8.8%2008: 7.8%2009: -2.1%2010: 7.3%2011: 17.3%2012: 12.3%2013: 11.6%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: 5.1%2025: 6.8%2026: 5.3% (IMF projection)2027: 5.3% (IMF projection)2028: 5.2% (IMF projection)2029: 5.0% (IMF projection)2030: 5.0% (IMF projection)2031: 5.0% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
0.046.81995: 0.2%1996: 46.8%1997: 30.0%1998: 9.5%1999: 7.6%2000: 11.3%2001: 6.4%2002: 0.9%2003: 5.2%2004: 8.3%2005: 12.6%2006: 4.4%2007: 9.6%2008: 28.0%2009: 7.6%2010: 8.3%2011: 8.8%2012: 13.8%2013: 10.6%2014: 12.9%2015: 6.8%2016: 0.8%2017: 4.3%2018: 6.8%2019: 7.3%2020: 3.7%2021: 7.4%2022: 15.1%2023: 10.4%2024: 6.2%2025: 8.6%2026: 7.4% (IMF projection)2027: 7.2% (IMF projection)2028: 6.9% (IMF projection)2029: 6.7% (IMF projection)2030: 6.4% (IMF projection)2031: 6.3% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %1.65.07.45.16.85.35.35.25.05.0
Inflation, average consumer prices %7.415.110.46.28.67.47.26.96.76.4
Unemployment rate %8.36.45.35.95.35.05.05.05.05.0
GDP, current prices USD bn15172024252831333538
GDP per capita, current prices USD4,4834,9595,7966,7127,0797,8538,3568,8669,4059,975
GDP per capita, PPP Int. USD14,67916,28617,89819,06420,72022,19223,62024,98226,40927,936
General government gross debt % of GDP67.364.546.744.145.143.745.849.950.751.8
General government net lending/borrowing % of GDP-3.00.72.71.41.7-0.5-2.6-3.0-3.0-3.0
Current account balance % of GDP-13.8-13.40.6-10.4-8.6-7.9-8.6-8.8-8.8-9.3
Population million3.413.463.503.543.583.623.663.703.743.78

Government debt, % of GDP

General government gross debt
0.086.92006: 41%2007: 36%2008: 31%2009: 49%2010: 31%2011: 33%2012: 44%2013: 49%2014: 44%2015: 51%2016: 79%2017: 87%2018: 77%2019: 67%2020: 83%2021: 67%2022: 65%2023: 47%2024: 44%2025: 45%2026: 44% (IMF projection)2027: 46% (IMF projection)2028: 50% (IMF projection)2029: 51% (IMF projection)2030: 52% (IMF projection)2031: 52% (IMF projection)IMF projection20102015202020252030

Current account, % of GDP

Balance of payments
-43.80.010.92000: -6.1%2001: -4.9%2002: -7.5%2003: -6.2%2004: 3.2%2005: 3.5%2006: 10.9%2007: 4.1%2008: -12.3%2009: -7.5%2010: -12.3%2011: -43.3%2012: -43.8%2013: -37.6%2014: -15.8%2015: -8.2%2016: -6.3%2017: -10.1%2018: -16.7%2019: -15.2%2020: -5.1%2021: -13.8%2022: -13.4%2023: 0.6%2024: -10.4%2025: -8.6%2026: -7.9% (IMF projection)2027: -8.6% (IMF projection)2028: -8.8% (IMF projection)2029: -8.8% (IMF projection)2030: -9.3% (IMF projection)2031: -9.3% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
199532.532.817.329.3
200519.832.55.837.5
201514.131.57.046.2
20258.937.25.944.3

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method6,210USD2025+64.7%
GNI, Atlas method22USD bn2025+94.3%
Exports of goods and services68.1% of GDP2025+23.9 pp
Imports of goods and services62.6% of GDP2025+17.2 pp
Life expectancy at birth72.4years2024+2.6%
Urban population71.1% of total2025+3.1 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)