Mongolias GDP (PPP) is projected at $52.6 billion in 2025. Mongolias economy relies on mining (coal, copper) and agriculture (livestock), with China as a key export market. The PPP adjustment boosts GDP due to a low cost of living. Resource wealth drives growth, but commodity price volatility and infrastructure deficits pose risks. Poverty and harsh climate conditions challenge development. Mongolia aims to diversify into tourism and renewable energy, though governance and reliance on foreign investment remain critical for sustainable economic progress.
World Bank purchasing power parity GDP economic data as of July 2025.