Mongolia: economy

What is the inflation rate in Mongolia?

Consumer prices in Mongolia were 12.9% higher in September 2026 than a year earlier, according to the National Statistics Office (NSO) consumer price index table. Goods prices rose 13.5% and services 11.2%. In Ulaanbaatar the annual rate was 11.9%. The national rate rose from 6.5% in February 2026 to 13.0% in July.

The figures use the 2023-based index. The Bank of Mongolia, whose inflation target is 6%, shows the same national figure on its home page. The NSO publishes the index monthly, with regional rates for the western, Khangai, central and eastern regions in the same table.

Official sources: NSO: Consumer price index change compared with the same period of the previous year · Bank of Mongolia

How fast is Mongolia's economy growing?

Mongolia's real GDP grew 10.4% in the first half of 2026 compared with the first half of 2025, according to the NSO quarterly GDP table. Mining and quarrying grew 31.4% and agriculture 11.6%. GDP at current prices for January to June was 51.3 trillion togrogs. For the whole of 2025 growth was 6.9%.

The quarterly figures are cumulative from the start of the year and are measured with chain-linked volumes (reference year 2024). The NSO describes them as a pilot estimation, and they are revised as annual enterprise and tax data arrive.

Official sources: NSO: GDP by production approach, by quarter (cumulative)

What is Mongolia's GDP per capita?

Mongolia's GDP per person was 7,692 US dollars in 2025, up from 7,227 dollars in 2024, according to the NSO GDP per capita table. In togrogs it was 27.27 million per person in 2025.

GDP per capita divides the value of everything produced in the country by the mid-year population. Figures in dollars depend on the exchange rate as well as on output, so they can move differently from the togrog series. The same table gives gross national income per capita using the World Bank Atlas method.

Official sources: NSO: GDP, GNI and GNDI per capita, by year

What is the Bank of Mongolia policy rate?

The Bank of Mongolia's policy rate is 12.5%, according to the figure shown on the central bank's home page, updated on 17 September 2026. The same page shows inflation of 12.9% for September 2026 against a target of 6%.

The policy rate is the main signal of monetary policy and is set by the bank's Monetary Policy Committee. The bank explains how it works on its policy rate page. Decisions are announced in monetary policy statements on the same site.

Official sources: Bank of Mongolia · Bank of Mongolia: Monetary policy signalling: policy rate

What does Mongolia export?

Mongolia exported goods worth 16.2 billion US dollars in January to September 2026, according to the NSO foreign trade table, up from 10.7 billion dollars a year earlier. Imports were 9.7 billion dollars, giving a surplus of 6.5 billion dollars. Mineral products made up 14.6 billion dollars of exports, and precious stones and metals 0.8 billion dollars, according to the exports by commodity table.

The figures come from customs data from the General Department of Customs of Mongolia and are cumulative from January. Exports by destination country are in a separate NSO table.

Official sources: NSO: Foreign trade turnover, exports, imports and balance, by month · NSO: Exports by commodity groups and month

Is Mongolia's economy growing?

The latest figure from the World Bank, for 2025, is 6.8%. Since 2005 it has ranged from -4.6% (2020) to 17.3% (2011). East Asia & Pacific median: 3.6%; Mongolia is 3rd highest of 29. World rank, highest first: 19th of 180.

What is GDP per capita in Mongolia?

The latest figure from the World Bank, for 2025, is $7,108. That is the highest since at least 2005. East Asia & Pacific median: $6,547; Mongolia is 13th highest of 29. Worldwide: 93rd of 180.

What is Mongolia's GDP per person adjusted for prices?

The latest figure from the World Bank, for 2025, is $20,798 in international dollars. It is the top of the series, which starts in 2005. Across East Asia & Pacific the middle value was $14,200 in international dollars, and Mongolia placed 11th highest of 29. World rank, highest first: 87th of 179.

What share of Mongolia's economy is exports?

In 2025, exports of goods and services in Mongolia was 68.1% of GDP, according to the World Bank. Since 2005 it has ranged from 38.9% of GDP (2013) to 76.3% of GDP (2023). Across East Asia & Pacific the middle value was 53.8% of GDP, and Mongolia placed 7th highest of 16. World rank, highest first: 23rd of 133.

What is Mongolia's current account balance?

-8.4% of GDP: that is the current account balance in Mongolia for 2025, according to the IMF, a deficit. Since 2005 it has ranged from -43.8% of GDP (2012) to 10.9% of GDP (2006). East Asia & Pacific median: 1.6% of GDP; Mongolia is 17th highest of 19. Worldwide: 114th of 132.

How much foreign direct investment goes into Mongolia?

The latest figure from the IMF, for 2025, is 10.8% of GDP. Since 2005 it has ranged from -37.2% of GDP (2016) to 43.9% of GDP (2011). East Asia & Pacific median: 1.9% of GDP; Mongolia is 4th highest of 28. Worldwide: 13th of 179.

How high are loan rates in Mongolia?

According to the IMF, the average bank lending rate in Mongolia was 16.0% in 2021. It is the bottom of the series, which starts in 2005. Across East Asia & Pacific the middle value was 7.6%, and Mongolia placed 1st highest of 17. Worldwide: 17th of 106.