Indicators of economy in Mongolia

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Mongolia, on the other hand, reached USD 4,566 per capita, or 15.29 billion USD for the whole country. Mongolia is one of the smaller economies and is currently ranked 128. If this is calculated per inhabitant, taking purchasing power parity into account, then Mongolia ranks 107th in the list of the richest countries.

Inflation in Mongolia in 2021 was around 7.35%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 64.6 percent lower.
The index for perceived corruption in the public sector is 33, which is below average by global standards.


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