Mongolia Real GDP Growth

Key information about Mongolia Real GDP Growth

• The Gross Domestic Product (GDP) in Mongolia expanded 7.7 % YoY in Dec 2022, following a growth of 7.1 % in the previous quarter.
• Real GDP Growth YoY data in Mongolia is updated quarterly, available from Mar 2011 to Dec 2022, with an average rate of 6.5 %.
• The data reached an all-time high of 21.6 % in Sep 2011 and a record low of -10.1 % in Mar 2020.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The National Statistics Office of Mongolia provides Real GDP in local currency at 2015 prices, based on SNA 2008. Real GDP Growth prior to Q1 2016 is calculated from Real GDP at 2010 prices, based on SNA 2008.


Related information about Mongolia Real GDP Growth

• In the latest reports, Nominal GDP of Mongolia reached 5.2 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 20.1 % in Dec 2022.
• GDP Per Capita in Mongolia reached 4,482.9 USD in Dec 2021.
• Its Gross Savings Rate was measured at 35.8 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 32.9 % in Dec 2022.
• Public Consumption accounted for 20.1 % in Dec 2022.
• Private Consumption accounted for 44.0 % in Dec 2022.

View Mongolia's Real GDP Growth from Mar 2011 to Dec 2022 in the chart:

What was Mongolia's Real GDP Growth in Dec 2022?

The Gross Domestic Product (GDP) in Mongolia expanded 7.7 % YoY in Dec 2022, following a growth of 7.1 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
7.7 Dec 2022	7.1 Sep 2022	-10.1 Mar 2020	21.6 Sep 2011	%	quarterly	Mar 2011 - Dec 2022

Real GDP Growth by Country Comparison

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