Economy, jobs and prices in Khovd, Mongolia: official figures

The economy of Khovd produced 1.15 trillion tugrik (MNT) of gross domestic product in 2025, 1.2% of Mongolia's 93.73 trillion MNT; 11th lowest of 22 by size.

Gross regional product

1.15 trillion MNT

2025

GDP per resident

12,264,510 MNT

2025

What is the GDP per person in Khovd?

Dividing 2025 GDP by the 2025 population gives 12,264,510 MNT per resident in Khovd, 7th lowest of 22 (all of Mongolia: 26,100,706 MNT).

Source: National Statistics Office of Mongolia · saved copy

How fast is the economy of Khovd growing?

GDP in Khovd rose from 504.9 billion MNT in 2019 to 1.15 trillion MNT in 2025, up 127%; the national figure rose 147%. These are the published values, not adjusted for rising prices.

Source: National Statistics Office of Mongolia · saved copy

What are the main industries in Khovd?

Of the 1.15 trillion MNT of GDP in Khovd in 2025, industry made up 31.3%, services 38.1%, agriculture 27.9% and taxes less subsidies on products 2.6%.

Source: National Statistics Office of Mongolia · saved copy

How important is mining in Khovd?

Mining produced 56.2 billion MNT of value in Khovd in 2025, 4.9% of its GDP; manufacturing added 194.7 billion MNT (17.0%) and construction 87.8 billion MNT (7.7%).

Source: National Statistics Office of Mongolia · saved copy

How big is farming in Khovd?

Agriculture was worth 320.3 billion MNT in Khovd in 2025 (27.9% of GDP, 11th highest of 22 on this share): livestock 250.1 billion MNT and crops 61.6 billion MNT.

Source: National Statistics Office of Mongolia · saved copy

What services does the economy of Khovd depend on?

Within services in Khovd in 2025, trade, hotels and restaurants made 51.2 billion MNT, transport, information and communication 56.2 billion MNT, financial and other business activities 69.0 billion MNT and other services 260.8 billion MNT.

Source: National Statistics Office of Mongolia · saved copy

More figures

Electricity, gas, steam, water supply and waste management contributed 19.8 billion MNT to GDP in Khovd in 2025, 1.7% of the total. Source: National Statistics Office of Mongolia · saved copy

How Khovd compares with other aimags

GDP per resident (tugrik) (2025)

Khovd ranks 16 of 22, highest first. GDP at market prices divided by the 2025 population.

Rank	Region	GDP per resident (tugrik)
13	Darkhan-Uul	13,182,397 MNT
14	Sukhbaatar	13,061,202 MNT
15	Arkhangai	12,397,927 MNT
16	Khovd	12,264,510 MNT
17	Uvurkhangai	12,059,756 MNT
18	Zavkhan	11,715,722 MNT
19	Uvs	11,166,113 MNT

Source: National Statistics Office of Mongolia · saved copy

Gross domestic product (tugrik) (2025)

Khovd ranks 12 of 22, highest first.

Rank	Region	Gross domestic product (tugrik)
9	Govi-Altai	1.25 trillion MNT
10	Dornod	1.24 trillion MNT
11	Arkhangai	1.15 trillion MNT
12	Khovd	1.15 trillion MNT
13	Khentii	1.11 trillion MNT
14	Dornogovi	989.6 billion MNT
15	Bayankhongor	964.1 billion MNT

Source: National Statistics Office of Mongolia · saved copy

Agriculture share of GDP (2025)

Khovd ranks 11 of 22, highest first.

Rank	Region	Agriculture share of GDP
8	Zavkhan	29.7%
9	Khentii	29.6%
10	Uvs	28.1%
11	Khovd	27.9%
12	Bayan-Ulgii	24.7%
13	Dornod	24.5%
14	Selenge	21.5%

Source: National Statistics Office of Mongolia · saved copy

More on Khovd: overview · health · education and schools · poverty and living standards · government budget · Mongolia

Sources

National Statistics Office of Mongolia: Gross domestic product by economic activity, aimags and the Capital, 2019-2025 (table DT_NSO_0500_021V2), read 23 October 2026 · saved copy (SHA-256 64d9158a9a0f…)

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