Mongolia
- Capital
- Ulaanbaatar
- Region
- East Asia & Pacific
- Income group
- Upper middle income
- Population
- 3.6 million (2025)
At a glance
- Prices in Mongolia rose 8.6% in 2025, faster than in most countries.
- Mongolia's economy grew 6.8% in 2025, faster than most economies.
- Output per person in Mongolia was US$7,108 in 2025, close to the middle of the range worldwide.
- 5.2% of Mongolia's labour force had no job in 2025, close to the middle of the range worldwide.
- Mongolia's central government owed 43.3% of GDP in 2024, less than in most countries with data.
- Mongolia had 3.6 million people in 2025: about less than 0.1% of everyone on Earth, the 132nd largest population of 217 countries and territories.
- Mongolia had a current account deficit of 8.4% of GDP in 2025, lower than in most countries.
Inflation
2025Consumer prices, change over the year (yearly average)
Since 2000
Show the numbers
| Year | Mongolia | World median |
|---|---|---|
| 2025 | 8.6% | 3.0% |
| 2024 | 6.2% | 3.0% |
| 2023 | 10.4% | 5.7% |
| 2022 | 15.2% | 8.0% |
| 2021 | 7.4% | 3.5% |
| 2020 | 3.7% | 1.9% |
| 2019 | 7.3% | 2.2% |
| 2018 | 6.8% | 2.5% |
| 2017 | 4.3% | 2.3% |
| 2016 | 0.7% | 1.6% |
Economic growth
2025Real GDP, change over the year
Since 2000
Show the numbers
| Year | Mongolia | World median |
|---|---|---|
| 2025 | 6.8% | 3.4% |
| 2024 | 5.1% | 3.4% |
| 2023 | 7.4% | 3.2% |
| 2022 | 5.0% | 4.3% |
| 2021 | 1.6% | 5.1% |
| 2020 | −4.6% | −3.8% |
| 2019 | 5.6% | 2.8% |
| 2018 | 7.7% | 3.2% |
| 2017 | 5.6% | 3.3% |
| 2016 | 1.5% | 3.1% |
GDP per person
2025GDP divided by population, in US dollars at current prices
Since 2000
Show the numbers
| Year | Mongolia | World median |
|---|---|---|
| 2025 | US$7,108 | US$7,882 |
| 2024 | US$6,751 | US$7,853 |
| 2023 | US$5,839 | US$7,862 |
| 2022 | US$4,994 | US$7,656 |
| 2021 | US$4,518 | US$7,269 |
| 2020 | US$4,001 | US$6,433 |
| 2019 | US$4,348 | US$7,037 |
| 2018 | US$4,108 | US$6,978 |
| 2017 | US$3,646 | US$6,548 |
| 2016 | US$3,620 | US$5,982 |
Unemployment
2025Share of the labour force without a job (ILO modelled estimate)
Since 2000
Show the numbers
| Year | Mongolia | World median |
|---|---|---|
| 2025 | 5.2% | 5.1% |
| 2024 | 5.2% | 5.1% |
| 2023 | 5.2% | 5.2% |
| 2022 | 6.0% | 5.3% |
| 2021 | 7.9% | 6.0% |
| 2020 | 6.4% | 6.4% |
| 2019 | 9.0% | 5.4% |
| 2018 | 5.4% | 5.4% |
| 2017 | 6.4% | 5.6% |
| 2016 | 7.2% | 5.9% |
Government debt
2024Central government debt, % of GDP
Since 2000
Show the numbers
| Year | Mongolia | World median |
|---|---|---|
| 2024 | 43.3% | 53.2% |
| 2021 | 67.6% | 58.8% |
| 2020 | 73.9% | 64.3% |
| 2019 | 60.8% | 49.2% |
| 2018 | 66.0% | 47.3% |
| 2001 | 69.1% | 56.3% |
| 2000 | 78.4% | 55.0% |
Population
2025Everyone living in the country, mid-year
Since 2000
Show the numbers
| Year | Mongolia |
|---|---|
| 2025 | 3.6 million |
| 2024 | 3.5 million |
| 2023 | 3.5 million |
| 2022 | 3.4 million |
| 2021 | 3.4 million |
| 2020 | 3.3 million |
| 2019 | 3.3 million |
| 2018 | 3.2 million |
| 2017 | 3.1 million |
| 2016 | 3.1 million |
Current account balance, % of GDP
Since 2000
Show the numbers
| Year | Mongolia | World median |
|---|---|---|
| 2025 | −8.4% | −0.8% |
| 2024 | −10.5% | −1.3% |
| 2023 | 0.6% | −1.2% |
| 2022 | −13.4% | −3.0% |
| 2021 | −13.8% | −2.4% |
| 2020 | −5.1% | −1.7% |
| 2019 | −15.2% | −2.1% |
| 2018 | −14.4% | −2.9% |
| 2017 | −10.1% | −2.1% |
| 2016 | −6.3% | −2.8% |
About these figures
All numbers are yearly. The world median is the middle value of all countries with a figure for the same year: half of them are above it and half below. Sparklines show Mongolia since 2000 or since its first figure.
Source: World Bank, World Development Indicators (CC BY 4.0), updated 2026-10-08. Original sources: Inflation: International Monetary Fund, International Financial Statistics; Economic growth: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; GDP per person: national statistical offices and central banks, OECD national accounts, and World Bank staff estimates; Unemployment: International Labour Organization, ILO modelled estimates (ILOSTAT); Government debt: International Monetary Fund, Government Finance Statistics; Population: United Nations Population Division (World Population Prospects) and national statistical offices; Current account balance: International Monetary Fund, Balance of Payments Statistics, with World Bank and OECD data. Yearly figures; recent years are often revised. All sources and terms.