Mongolia - Gross value added at factor cost (constant LCU)

The value for Gross value added at factor cost (constant LCU) in Mongolia was 23,802,500,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 24,780,200,000,000 in 2019 and a minimum value of 3,849,640,000,000 in 1981.

Definition: Gross value added at factor cost (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at factor cost is derived by subtracting net product taxes from GDP. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1981 3,849,640,000,000
1982 4,208,140,000,000
1983 4,453,560,000,000
1984 4,719,910,000,000
1985 5,048,260,000,000
1986 6,307,180,000,000
1987 7,669,970,000,000
1988 7,710,170,000,000
1989 7,974,520,000,000
1990 7,886,480,000,000
1991 7,199,220,000,000
1992 6,529,280,000,000
1993 6,306,770,000,000
1994 6,414,900,000,000
1995 6,736,320,000,000
1996 6,860,420,000,000
1997 7,046,280,000,000
1998 7,228,970,000,000
1999 7,372,260,000,000
2000 7,237,550,000,000
2001 7,290,580,000,000
2002 7,583,170,000,000
2003 8,126,900,000,000
2004 8,950,130,000,000
2005 9,665,930,000,000
2006 10,333,800,000,000
2007 11,439,300,000,000
2008 12,336,400,000,000
2009 12,463,600,000,000
2010 12,722,500,000,000
2011 14,260,600,000,000
2012 16,137,400,000,000
2013 18,030,100,000,000
2014 19,902,000,000,000
2015 21,009,100,000,000
2016 21,301,100,000,000
2017 22,160,200,000,000
2018 23,574,200,000,000
2019 24,780,200,000,000
2020 23,802,500,000,000

Base Period: varies by country

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts