Mongolia GDP Annual Growth Rate

Last Release

Sep 30, 2025

Actual

5.9

Units In

5.6

Frequency

Quarterly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
20.6 Sep 2011	-10.1 Mar 2020	5.95 %	1991-2025	National Statistical Office of Mongolia

Mongolia's services sector is the biggest and accounts for 43 percent of GDP. Industry has been expanding heavily in the past few years, contributing the most to economic growth and accounting for 34 percent of total output. Finally, agriculture makes up for 13 percent of total GDP.

Latest Updates

Mongolia’s economy grew by 5.9% year-on-year in the third quarter of 2025, accelerating from a 5.6% expansion in the previous three-month period. This marked the fastest economic growth since the first quarter last year, mainly driven by a strong performance for mining and quarrying (1.1% vs 0.1% in Q2) and in the industry and construction sectors (1.1% vs 0.1%), particularly in manufacturing. In contrast, output growth slightly softened for agriculture (3.4% vs 3.6%) and in the services sector (0.6% vs 0.7%), due to declines in wholesale and retail and transportation. On a seasonally adjusted quarterly basis, the GDP expanded by 1.4% in Q3, following a 1.6% gain in the preceding period.