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Mongolia produces $22,192 per person (PPP) in 2026, an upper-middle income level. The economy is worth about $28 billion in total. Over the past five years it has grown at about 5.2% a year. Inflation is 7.4% and unemployment 5.0%. Government debt is 44% of GDP and falling. Its current account is in deficit, at 7.9% of GDP.
GDP per capita (PPP)
$22,192
GDP growth
+5.3%
Inflation rate
7.4%
Unemployment
5.0%
Mongolia is an upper-middle income economy with GDP per capita (PPP) of $22,192. The economy has been growing rapidly, averaging 5.2% annually. High inflation (7.4%) is a challenge.