Mongolia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$20.33 billion
↑ 18.54% vs 2022GDP per Capita
$5,838.63
↑ 16.92% vs 2022GDP Growth (Annual %)
7.42%
↑ 2.39pp vs 2022Inflation Rate (CPI %)
10.35%
↓ 4.80pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $17.15 billion | $20.33 billion | +18.54% |
| GDP per Capita | $4,993.51 | $5,838.63 | +16.92% |
| GDP Growth (Annual %) | 5.03% | 7.42% | +2.39pp |
| Inflation (CPI %) | 15.15% | 10.35% | -4.80pp |
| Unemployment Rate (%) | 6.21% | 5.50% | -0.71pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $20.33 billion
- GDP per Capita
- $5,838.63
- GDP Growth (Annual %)
- 7.42%
- Gross National Income
- $18.10 billion
Prices & Employment
- Inflation (CPI %)
- 10.35%
- Inflation (GDP Deflator %)
- 21.77%
- Unemployment Rate (%)
- 5.50%
- Interest Rate (Real %)
- N/A
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 0.60%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Mongolia's Gross Domestic Product (GDP) is $20.33 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Mongolia for 2023 is $5,838.63. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Mongolia for 2023 is 10.35%. This measures the annual percentage change in the cost of consumer goods and services.
Mongolia's annual GDP growth rate for 2023 is 7.42%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Mongolia for 2023 is 5.50%. This represents the percentage of the labor force that is unemployed and actively seeking employment.