Value of agricultural production in Mongolia
Mongolia: Value of agricultural production was 2.14 billion current US$ in 2024. ◆ Volatile
Value of agricultural production in Mongolia, 1993–2024
Source: Food and Agriculture Organization of the United Nations (2026) – with major processing by Our World in Data. Measured in current US$.
Analysis
In 2024, value of agricultural production in Mongolia stood at 2.14 billion current US$.
That represents a change of down 7.0% on the previous year and up 127.3% over ten years.
Over the whole period, value of agricultural production in Mongolia peaked at 2.30 billion current US$ in 2023 and was at its lowest, 229.22 million current US$, in 2003.
Mongolia ranks 108th of 175 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Value of agricultural production in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1993 | 366.21 million current US$ | — |
| 1994 | 362.03 million current US$ | -1.1% |
| 1995 | 386.02 million current US$ | +6.6% |
| 1996 | 446.96 million current US$ | +15.8% |
| 1997 | 265.58 million current US$ | -40.6% |
| 1998 | 267.80 million current US$ | +0.8% |
| 1999 | 274.47 million current US$ | +2.5% |
| 2000 | 267.43 million current US$ | -2.6% |
| 2001 | 267.08 million current US$ | -0.1% |
| 2002 | 235.74 million current US$ | -11.7% |
| 2003 | 229.22 million current US$ | -2.8% |
| 2004 | 294.89 million current US$ | +28.6% |
| 2005 | 287.74 million current US$ | -2.4% |
| 2006 | 306.60 million current US$ | +6.6% |
| 2007 | 385.43 million current US$ | +25.7% |
| 2008 | 666.52 million current US$ | +72.9% |
| 2009 | 820.59 million current US$ | +23.1% |
| 2010 | 724.01 million current US$ | -11.8% |
| 2011 | 854.14 million current US$ | +18.0% |
| 2012 | 900.83 million current US$ | +5.5% |
| 2013 | 873.06 million current US$ | -3.1% |
| 2014 | 941.42 million current US$ | +7.8% |
| 2015 | 1.09 billion current US$ | +15.4% |
| 2016 | 1.04 billion current US$ | -4.0% |
| 2017 | 1.00 billion current US$ | -4.1% |
| 2018 | 1.34 billion current US$ | +33.8% |
| 2019 | 1.45 billion current US$ | +8.6% |
| 2020 | 2.09 billion current US$ | +43.6% |
| 2021 | 1.76 billion current US$ | -15.9% |
| 2022 | 2.29 billion current US$ | +30.6% |
| 2023 | 2.30 billion current US$ | +0.4% |
| 2024 | 2.14 billion current US$ | -7.0% |
Mongolia compared with similar countries
- Mongolia's 2.14 billion current US$ is below the median for upper middle income countries, which is 4.44 billion current US$, 48% of the median. (52 countries reporting)
- Mongolia's 2.14 billion current US$ is below the median for East Asia & Pacific, which is 2.25 billion current US$, 95% of the median. (24 countries reporting)
Biggest year-on-year movements
Years where Value of agricultural production in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +72.9% | 385.43 million current US$ | 666.52 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 338.44 million current US$ | 265.58 million current US$ | 446.96 million current US$ | 7 |
| 2000s | 376.12 million current US$ | 229.22 million current US$ | 820.59 million current US$ | 10 |
| 2010s | 1.02 billion current US$ | 724.01 million current US$ | 1.45 billion current US$ | 10 |
| 2020s | 2.12 billion current US$ | 1.76 billion current US$ | 2.30 billion current US$ | 5 |
Countries ranked near Mongolia
More agriculture & rural data for Mongolia
- Agriculture, forestry, and fishing, value added (current US$), annual 30.71 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0894 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 635.39 current US$ per person (2025)
- Rural population, annual growth rate 0.5968 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.2885 units per person (2025)
- Share of GDP from agriculture 8.9% (2025)
- Agriculture as a share of GDP vs. GDP per capita 8.9% (2025)
- Agricultural raw materials exports 2.7% (2023)
- Agricultural raw materials imports 0.4% (2023)
Frequently asked questions
- What is value of agricultural production in Mongolia?
- Value of agricultural production in Mongolia was 2.14 billion current US$ in 2024, according to Food and Agriculture Organization of the United Nations (2026) – with major processing by Our World in Data.
- What is the highest value of agricultural production recorded in Mongolia?
- The highest recorded value was 2.30 billion current US$ in 2023.
- What is the lowest value of agricultural production recorded in Mongolia?
- The lowest recorded value was 229.22 million current US$ in 2003.
- How does Mongolia rank for value of agricultural production?
- Mongolia ranks 108th out of 175 countries with data for 2024.
- Is value of agricultural production rising or falling in Mongolia?
- Over the last ten years it is up 127.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Food and Agriculture Organization of the United Nations (2026) – with major processing by Our World in Data, published as part of Value of agricultural production. Statizoid updates them automatically from the source API.
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About this data
Gross production value of the agricultural sector. This data is expressed in US dollars. It is not adjusted for inflation or differences in living costs between countries.