Gross value added at basic prices (GVA) in Mongolia

Mongolia: Gross value added at basic prices (GVA) was 22.97 billion current US$ in 2025. ◆ Volatile

Latest (2025)
22.97 billion current US$
Change on year
up 7.5%
World rank
122nd
of 206 countries
All-time high
22.97 billion current US$
in 2025
All-time low
709.29 million current US$
in 1993
Years of data
45
1981–2025

Gross value added at basic prices (GVA) in Mongolia, 1981–2025

05.0B10.0B15.0B20.0B25.0B1981200320251981: 2.3B current US$1982: 2.6B current US$1983: 2.7B current US$1984: 2.1B current US$1985: 2.2B current US$1986: 2.9B current US$1987: 3.0B current US$1988: 3.2B current US$1989: 3.6B current US$1990: 2.5B current US$1991: 2.1B current US$1992: 1.2B current US$1993: 709.3M current US$1994: 868.8M current US$1995: 1.4B current US$1996: 1.3B current US$1997: 1.1B current US$1998: 1.0B current US$1999: 964.1M current US$2000: 1.0B current US$2001: 1.1B current US$2002: 1.2B current US$2003: 1.4B current US$2004: 1.8B current US$2005: 2.3B current US$2006: 3.1B current US$2007: 3.8B current US$2008: 5.0B current US$2009: 4.2B current US$2010: 6.5B current US$2011: 9.1B current US$2012: 10.9B current US$2013: 11.2B current US$2014: 11.1B current US$2015: 10.7B current US$2016: 10.3B current US$2017: 10.4B current US$2018: 11.8B current US$2019: 12.7B current US$2020: 12.0B current US$2021: 13.7B current US$2022: 15.3B current US$2023: 18.4B current US$2024: 21.4B current US$2025: 23.0B current US$

Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.

Analysis

In 2025, gross value added at basic prices (gva) in Mongolia stood at 22.97 billion current US$. That is the highest value across all 45 years on record.

Compared with earlier readings it is up 7.5% on the previous year and up 115.4% over ten years.

Over the whole period, gross value added at basic prices (gva) in Mongolia peaked at 22.97 billion current US$ in 2025 and was at its lowest, 709.29 million current US$, in 1993.

Mongolia ranks 122nd of 206 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1980s 2.73 billion current US$ 2.10 billion current US$ 3.58 billion current US$ 9
1990s 1.32 billion current US$ 709.29 million current US$ 2.48 billion current US$ 10
2000s 2.49 billion current US$ 1.01 billion current US$ 5.05 billion current US$ 10
2010s 10.45 billion current US$ 6.45 billion current US$ 12.70 billion current US$ 10
2020s 17.30 billion current US$ 12.05 billion current US$ 22.97 billion current US$ 6

Countries ranked near Mongolia

  1. 119 Burkina Faso 25.29 billion current US$ compare
  2. 120 Trinidad and Tobago 24.25 billion current US$ compare
  3. 121 Syria 23.62 billion current US$ compare
  4. 123 Benin 22.23 billion current US$ compare
  5. 124 Niger 21.08 billion current US$ compare
  6. 125 Chad 20.82 billion current US$ compare

See the full ranking of 244 places →

More economy & growth data for Mongolia

All data for Mongolia →

Frequently asked questions

What is gross value added at basic prices (gva) in Mongolia?
Gross value added at basic prices (gva) in Mongolia was 22.97 billion current US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
What is the highest gross value added at basic prices (gva) recorded in Mongolia?
The highest recorded value was 22.97 billion current US$ in 2025.
What is the lowest gross value added at basic prices (gva) recorded in Mongolia?
The lowest recorded value was 709.29 million current US$ in 1993.
How does Mongolia rank for gross value added at basic prices (gva)?
Mongolia ranks 122nd out of 206 countries with data for 2025.
Is gross value added at basic prices (gva) rising or falling in Mongolia?
Over the last ten years it is up 115.4%. The long-run trend across the full record is volatile.
Where does this Mongolia data come from?
The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross value added at basic prices (GVA) (current US$). Statizoid updates them automatically from the source API.

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About this data

Indicator
Gross value added at basic prices (GVA) (current US$)
Unit
current US$
Source
Country official statistics, National Statistical Offices (NSOs)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
244 places, 10,967 data points, 1960–2025
Last refreshed

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.