Gross Domestic Product of Mongolia fell -5.3% in 2020 compared to last year. This rate is 105 -tenths of one percent less than the previous year, when changed 5.2%.
The GDP figure in 2020 was €11,501$13,137 million, Mongolia is number 137 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Mongolia dropped €1,002$860 million with respect to 2019.
The GDP per capita of Mongolia in 2020 was €3,488$3,985, €304$260 less than in 2019, when it was €3,792$4,245. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2010 when the GDP per capita in Mongolia was €1,963$2,602.
If we order the countries according to their GDP per capita, Mongolia is in 118th position, its population has a low level of affluence compare tothe 196 countries whose GDP we publish.