Mongolia GDP Annual Growth Rate

Last Release

Mar 31, 2025

Actual

2.4

Units In

4.9

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	5.96 %	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 2.4% year-on-year in the first quarter of 2025, slowing from a 4.9% expansion in the previous three-month period. This marked the weakest economic growth since the second quarter of 2022, amid contractions in transportation (-1.2%) and wholesale and retail trade (-0.6%), while construction activity remained flat. Meanwhile, output increased for agriculture (1.0%), manufacturing (0.4%), and services (1.2%).