Prime Minister Zandanshatar Gombojav delivered a report on Mongolia’s key socio-economic indicators at the Mongolian People’s Party Conference convened on February 27, 2026. He noted that Mongolia’s economy grew by 6.8 percent at the end of 2025, according to the National Statistics Office.

“Numbers are facts. A closer examination of these figures reveals that real growth and tangible performance were achieved across all sectors of the economy. This reflects the effectiveness of our Government’s policies and actions, and gives us confidence and momentum to continue our work in the coming period,” the Prime Minister said.

Following this growth, the agriculture sector accounted for 40 percent of total economic expansion, contributing 2.8 percentage points. The Oyu Tolgoi project made up 1.1 percentage points. “Therefore, it is fair to say that Mongolia’s economy is moving in the right direction,” he added.

Tourism revenue reached USD 700 million, becoming a significant pillar of economic growth. Mongolia also exported a record 90 million tonnes of coal. Export revenue increased threefold, rising from USD 5.4 billion in the first half of 2025 to USD 15.7 billion by year-end.

Beyond mining growth, the industrial sector also expanded. Exports of combed cashmere alone increased 3.8 times, reaching USD 335 million. This demonstrates opportunities to further diversify the economy by adding value and increasing export volumes.

Foreign exchange reserves rose to USD 7 billion, up USD 1.5 billion from the previous year.

Published Date:2026-03-01