Mongolia's GDP Grew by 6.8% Last Year

Владислав Вислоцкий World
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Mongolia's GDP grew by 6.8% last year

In 2022, Mongolia's gross domestic product grew by 11.5% compared to the previous year, amounting to ₮89.9 trillion, according to preliminary estimates calculated using the production method. The main factor behind this growth was the increase in added value across various sectors of the economy: agriculture grew by 36.7% (₮2.2 trillion), services by 11.5% (₮4.1 trillion), and industry and construction by 22.4% (₮2 trillion).

The preliminary GDP estimate calculated in constant 2015 prices for 2025 amounted to ₮34.3 trillion, which is 6.8% (₮2.2 trillion) more than in 2024.

This growth was also supported by an increase in added value in agriculture by 33.2% (₮917.8 billion), in industry and construction by 11.4% (₮482.8 billion), and in mining activities by 10.6% (₮453.6 billion).

Of the total GDP growth of 6.8%, 2.9% came from agriculture, 1.4% from mining, 1.5% from industry and construction, and 1% from the services sector.

In the fourth quarter of 2025, GDP (according to preliminary estimates calculated in constant 2015 prices, adjusted for seasonal fluctuations) increased by 0.7% compared to the previous quarter.
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