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Indicators of economy in Mongolia

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Mongolia reached 4.007 US dollars per inhabitant, or 13.14 bn US Dollar in the whole country. Mongolia is one of the smaller economies and is currently ranked 132. If this is calculated per inhabitant taking into account the purchasing power parity, then Mongolia is in the list of the world's richest countries in place 92.

Inflation in Mongolia was in 2020 at around 3.69%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 61.41% lower.
The Corruption Perceptions Index for the public sector counts 35 and is compared to other countries bad.


Back to overview: Mongolia

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Mongolia
Total
Mongolia
per capita
EU
Total
EU
per capita
GDP13.14 bn USD4,007.31 USD15,192.65 tn USD29,499.72 USD
Gross national product12.03 bn USD3,669.41 USD16,012.29 tn USD31,091.23 USD


Development of the Gross domestic product in billion US Dollar 1981 - 2020



Im- and Exports 2020

 Mongolia
Total
Mongolia
per capita
EU
Total
EU
per capita
Imports7.34 bn USD2,239.05 USD7,314.16 bn USD14,201.97 USD
Exports7.65 bn USD2,332.18 USD7,834.94 bn USD15,213.17 USD


Development of imports and exports in million US dollars 1981 - 2020

Exports
Imports



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