Mongolia's final consumption expenditure (current US$) was US$16.77 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 87.99% from US$8.92 billion in 2015 (6.52% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$16.77 billion | 2025 |
| Five years earlier | US$10.16 billion | 2020 |
| Ten years earlier | US$8.92 billion | 2015 |
| Highest | US$16.77 billion | 2025 |
| Lowest | US$491.16 million | 1993 |
| Average since 2016 | US$11.17 billion | 2016–2025 |
| First recorded | US$1.78 billion |
What the numbers say
In 2025, Mongolia's final consumption expenditure (current US$) rose 8.6% on 2024 (from US$15.44 billion to US$16.77 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +12.8% and a typical year strayed about 18.6% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 54.3% in 1995 and the biggest yearly fall was 53.3% in 1992. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about US$857.24 million a year. A straight line explains 83% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Mongolia had the 107th highest value of the 132 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Mongolia | US$16.77 billion | 2025 |
| World | US$81.66 trillion | 2024 |
| East Asia & Pacific | US$19.98 trillion | 2024 |
| Upper middle income | US$20.74 trillion | 2024 |
Closest to Mongolia in the 2025 ranking
- Niger — 103rd of 132: US$17.4 billion
- Malta — 104th of 132: US$17.24 billion
- Madagascar — 105th of 132: US$17.15 billion
- Benin — 107th of 132: US$16.51 billion
- North Macedonia — 108th of 132: US$15.67 billion
- Botswana — 109th of 132: US$15.4 billion
What this measures
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 45 values
| Year | Final consumption expenditure (current US$) |
|---|---|
| 2025 | 16,769,855,492 |
| 2024 | 15,444,158,952 |
| 2023 | 11,692,766,819 |
| 2022 | 11,278,755,128 |
| 2021 | 10,381,835,048 |
| 2020 | 10,155,385,066 |
| 2019 | 9,997,043,695 |
| 2018 | 9,310,110,590 |
| 2017 | 8,058,784,638 |
| 2016 | 8,574,020,597 |
Final consumption expenditure (current US$) in nearby economies
- Australia — US$1.35 trillion (2025)
- Brunei Darussalam — US$7.99 billion (2025)
- Cambodia — US$32.76 billion (2025)
- China — US$10.62 trillion (2024)
- Fiji — US$5.33 billion (2024)
- French Polynesia — US$6.69 billion (2024)
- Hong Kong SAR, China — US$336.64 billion (2025)
- Indonesia — US$907.32 billion (2025)
- Japan — US$3.07 trillion (2024)
- Kiribati
More economic policy & debt data for Mongolia
- Adjusted savings, education expenditure (% of GNI) — 4.58% (2021)
- Adjusted savings, net forest depletion (current US$) — US$0 (2021)
- Adjusted savings, mineral depletion (current US$) — US$1.5 billion (2021)
- Net official development assistance and official aid received (current US$) — US$260.17 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$260.17 million (2023)
- Net official development assistance received (current US$) — US$260.17 million (2023)
- Net official development assistance received (constant 2023 US$) — US$260.17 million (2023)
- Net ODA received per capita (current US$) — US$74.74 (2023)
Reading data like this
Questions people ask
- What is Mongolia's final consumption expenditure (current US$)?
- US$16.77 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is up 840.24% from US$1.78 billion in 1981 (5.23% a year on average, compounded). The highest value was US$16.77 billion in 2025 and the lowest US$491.16 million in 1993.
- How does Mongolia rank?
- 107th highest of 132 economies with data for 2025.
- Is the latest change in final consumption expenditure (current US$) unusual for Mongolia?
- In 2025, Mongolia's final consumption expenditure (current US$) rose 8.6% on 2024 (from US$15.44 billion to US$16.77 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +12.8% and a typical year strayed about 18.6% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.CON.TOTL.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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