Mongolia's gross national expenditure (constant 2015 US$) was US$23.31 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 98.02% from US$11.77 billion in 2015 (7.07% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$23.31 billion | 2025 |
| Five years earlier | US$15.03 billion | 2020 |
| Ten years earlier | US$11.77 billion | 2015 |
| Highest | US$23.31 billion | 2025 |
| Lowest | US$8.01 billion | 2010 |
| Average since 2016 | US$17.56 billion | 2016–2025 |
| First recorded | US$8.01 billion |
What the numbers say
In 2025, Mongolia's gross national expenditure (constant 2015 US$) rose 1.2% on 2024 (from US$23.02 billion to US$23.31 billion).
Across the 14 yearly changes before that (2011 to 2024), the average change was +8.4% and a typical year strayed about 11.7% from that (the standard deviation). This year's change was 0.6 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 32.5% in 2011 and the biggest yearly fall was 10.6% in 2020. 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$1.19 billion a year. A straight line explains 92% 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 87th highest value of the 123 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$23.31 billion | 2025 |
| World | US$96.34 trillion | 2024 |
| East Asia & Pacific | US$31.83 trillion | 2025 |
| Upper middle income | US$30.33 trillion | 2025 |
Closest to Mongolia in the 2025 ranking
- Mozambique — 84th of 123: US$25.48 billion
- Macao SAR, China — 85th of 123: US$25.12 billion
- Iceland — 86th of 123: US$23.89 billion
- Burkina Faso — 88th of 123: US$21.46 billion
- Benin — 89th of 123: US$21.24 billion
- Kyrgyz Republic — 90th of 123: US$21.06 billion
What this measures
Gross national expenditure is the sum of household final consumption expenditure, general government final consumption expenditure, and gross capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 16 values
| Year | Gross national expenditure (constant 2015 US$) |
|---|---|
| 2025 | 23,305,318,399 |
| 2024 | 23,021,139,805 |
| 2023 | 19,746,084,330 |
| 2022 | 18,966,144,704 |
| 2021 | 17,406,606,063 |
| 2020 | 15,029,393,963 |
| 2019 | 16,808,356,299 |
| 2018 | 16,063,521,258 |
| 2017 | 13,227,738,059 |
| 2016 | 12,075,314,397 |
Gross national expenditure (constant 2015 US$) in nearby economies
- Brunei Darussalam — US$11.4 billion (2025)
- Cambodia — US$40.52 billion (2025)
- China — US$18.08 trillion (2025)
- Indonesia — US$1.26 trillion (2025)
- Japan — US$4.69 trillion (2024)
- Kiribati — US$563.7 million (2024)
- Korea, Rep. — US$1.78 trillion (2025)
- Lao PDR — US$17.78 billion (2016)
- Macao SAR, China — US$25.12 billion (2025)
- Malaysia
More economic policy & debt data for Mongolia
- Adjusted savings, education expenditure (% of GNI) — 4.58% (2021)
- Adjusted savings, net forest depletion (current US$) — 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$74.74 (2023)
Reading data like this
Questions people ask
- What is Mongolia's gross national expenditure (constant 2015 US$)?
- US$23.31 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 190.97% from US$8.01 billion in 2010 (7.38% a year on average, compounded). The highest value was US$23.31 billion in 2025 and the lowest US$8.01 billion in 2010.
- How does Mongolia rank?
- 87th highest of 123 economies with data for 2025.
- Is the latest change in gross national expenditure (constant 2015 US$) unusual for Mongolia?
- In 2025, Mongolia's gross national expenditure (constant 2015 US$) rose 1.2% on 2024 (from US$23.02 billion to US$23.31 billion). Across the 14 yearly changes before that (2011 to 2024), the average change was +8.4% and a typical year strayed about 11.7% from that (the standard deviation). This year's change was 0.6 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.DAB.TOTL.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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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