Mongolia

Mongolia's economy has grown 22.3x since 2000, from US$1.1 billion to US$25.4 billion, climbing from 157th of 194 then to 124th of 196 now. In 2025 real growth reached +6.8%, slightly ahead of the +6.6% rise in US$ GDP, yet the country slipped 1 place, now sitting between Trinidad and Tobago and Benin.

Industry accounts for 37.2% of output and services 44.3%, with agriculture at 8.9%. Manufacturing contributes just 5.9%. Inflation ran at 8.6%, unemployment at 5.2% and government gross debt at 45.0% of GDP.

With 3.6 million people, output per person is US$7,108, 104th of 196, and $20,798 international dollars on a purchasing-power basis, 97th. Mongolia is the 18th largest of 32 economies in East Asia & Pacific and about the size of the Visalia, CA metro area. The IMF projects GDP of US$39.7 billion by 2030, a rise of +57% that would place it 116th among economies with forecasts.