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MN

Mongolia

MN · MNG · #18 · 4 cities

Nomad score 49/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$31,088
GDP (2031)
$40.5B
GDP growth (2031)
5.0% →
Inflation (2031)
6.2% ↓
Unemployment (2031)
5.0% →
Population (2031)
3.8M
Population growth (2031)
1.1% ↓
Gini index (2022)
31.4
Government debt (2031)
52.3% of GDP
Current account (2031)
-9.3% of GDP
FDI inflows (2024)
$2.8B
Life expectancy (2024)
72.4 yrs
Health spending (2023)
6.1% of GDP
Internet users (2024)
85.1%
Mobile subscriptions (2024)
140.7/100
Trade openness (2025)
130.7% of GDP
Exchange rate (2025)
3,545.14/USD
Foreign reserves (2025)
$7.0B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
52.3% of GDP
Current account (2031)
-9.3% of GDP
FDI inflows (2024)
$2.8B

Income inequality (Gini)

Gini index (2022)
0.31
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
8.26/1k
Tax revenue (2024)
16.9% of GDP
Services sector (2025)
44.3% of GDP

Financial access and costs

ATMs per 100k (2024)
25.2
Bank branches per 100k (2024)
59.0
ICT service exports (2024)
3.9%
Goods and services tax (2024)
10.7%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $40.5B $31,088 5.0% 6.2% 5.0% 3.8M - 52.3% -9.3% - - - - -
2030 * $37.7B $29,306 5.0% 6.4% 5.0% 3.8M - 51.8% -9.3% - - - - -
2029 * $35.2B $27,633 5.0% 6.6% 5.0% 3.7M - 50.7% -8.8% - - - - -
2028 * $32.8B $26,046 5.2% 6.9% 5.0% 3.7M - 49.9% -8.8% - - - - -
2027 * $30.6B $24,554 5.3% 7.2% 5.0% 3.7M - 45.8% -8.6% - - - - -
2026 * $28.5B $23,072 5.3% 7.4% 5.0% 3.6M - 43.7% -7.9% - - - - -
2025 $25.4B $20,798 6.8% 8.6% 5.3% 3.6M - 45.1% -8.6% - - - - 3,545.14
2024 $23.8B $19,173 5.1% 6.2% 5.9% 3.5M - 44.1% -10.4% $2.8B 72.4 - 85.1% 3,389.98
2023 $20.3B $18,020 7.4% 10.4% 5.3% 3.5M - 46.7% 0.6% $2.2B 72.1 6.1% 83.7% 3,465.74
2022 $17.1B $16,399 5.0% 15.1% 6.4% 3.5M 31.4 64.5% -13.4% $2.5B 71.9 8.9% 81.1% 3,140.68
2021 $15.3B $14,792 1.6% 7.4% 8.3% 3.4M - 67.3% -13.8% $2.2B 71.7 7.2% 81.6% 2,849.29
2020 $13.3B $13,693 -4.6% 3.7% 6.7% 3.4M - 83.4% -5.1% $1.7B 71.4 4.7% 62.5% 2,813.29
2019 $14.2B $13,605 5.6% 7.3% 9.9% 3.3M - 66.8% -15.2% $2.4B 71.1 4.5% 51.1% 2,663.54
2018 $13.2B $12,317 7.7% 6.8% 7.8% 3.2M 32.7 76.5% -16.7% $2.0B 70.8 4.5% 47.1% 2,472.48
2017 $11.5B $11,096 5.6% 4.3% 8.8% 3.2M - 86.9% -10.1% $1.5B 70.5 4.3% 23.7% 2,439.78
2016 $11.2B $10,511 1.5% 0.8% 10.0% 3.1M 32.3 78.7% -6.3% -$4.2B 70.2 4.6% 22.3% 2,140.29
2015 $11.6B $10,458 2.4% 6.8% 7.5% 3.1M - 50.5% -8.2% $94.3M 70.8 4.2% 22.5% 1,970.31
2014 $12.2B $10,900 7.9% 12.9% 7.9% 3.0M 32.0 44.0% -15.8% $337.8M 70.6 4.2% 19.9% 1,817.94
2013 $12.6B $10,442 11.6% 10.6% 7.9% 2.9M - 49.4% -37.6% $2.1B 70.1 4.1% 17.7% 1,523.93
2012 $12.3B $10,152 12.3% 13.8% 8.2% 2.9M 33.8 43.7% -43.8% $4.3B 69.5 3.9% 16.4% 1,357.58
2011 $10.4B $8,862 17.3% 8.8% 7.7% 2.8M 33.9 32.7% -43.3% $4.6B 69.1 3.6% 12.5% 1,265.52
2010 $7.2B $7,532 7.3% 8.3% 9.9% 2.8M 33.1 31.0% -12.3% $1.7B 68.5 3.7% 10.2% 1,357.06
2009 $4.6B $7,119 -2.1% 7.6% 11.6% 2.7M - 48.5% -7.5% $623.6M 68.0 4.5% 10.0% 1,437.80
2008 $5.6B $7,297 7.8% 28.0% 9.2% 2.7M - 31.0% -12.3% $844.7M 67.3 4.6% 9.8% 1,165.80
2007 $4.2B $6,678 8.8% 9.6% 11.3% 2.6M 35.8 36.1% 4.1% $372.8M 66.6 4.1% 9.0% 1,170.40
2006 $3.4B $5,977 8.2% 4.4% 7.2% 2.6M - 40.9% 10.9% $245.5M 65.9 3.8% 9.0% 1,179.70
2005 $2.5B $5,406 6.5% 12.6% 7.0% 2.6M - - 3.5% $187.6M 65.3 3.9% 9.0% 1,205.25
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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