Share of World GDP: Mongolia

Analysis# Mongolia Share of World GDP Mongolia currently accounts for 0.036% of world GDP in 2026, matching its all-time peak. This represents a dramatic recovery from the country's low point of 0.016% in 1993, marking an 89.5% increase over the past 46 years. Despite its small global economic footprint, Mongolia has nearly doubled its relative share since the early 1990s, reflecting sustained economic development and growth in the post-Soviet transition period. The most significant growth occurred between 1993 and 2017, when Mongolia's share climbed from 0.016% to 0.028%. Since 2017, the trajectory has continued upward but at a gentler pace, gaining 0.008 percentage points over nine years. Recent projections through 2026 show steady, incremental expansion, suggesting Mongolia's economic growth continues to outpace global averages.