India vs Mongolia: Economic Indicators Comparison

India with a GDP of $2.7T ranked the 7th largest economy in the world, while Mongolia ranked 134th with $13.1B. By GDP 5-years average growth and GDP per capita, India and Mongolia ranked 6th vs 39th and 150th vs 118th, respectively.

Gross Domestic Product & Income

StatIndiaMongolia
GDP$2.7T$13.1B
GDP growth, 1 year7.1%6.9%
GDP growth, 5-years average7.6%4.7%
Population1.3B3.1M
GDP per capita$2k$4.1k
GDP per capita growth5.71%5.32%
Purchasing Power Parity conversion factor18.1738.48
Price level ratio of PPP conversion factor GDP to market exchange rate0.260.3
GDP per capita, PPP adjusted$7.9k$13k
GNI, Atlas method$2.7T$11.6B
GNI per capita$2k$3.7k
GNI, PPP adjusted$10.4T$39.6B
GNI per capita, PPP adjusted$7.7k$13k

Financial system and Human development

StatIndiaMongolia
Income Tax Rate30.9%10%
Corporate Tax Rate32.4%25%
Inflation, consumer prices3.5%7.7%
Inflation, GDP deflator4.1%8.1%
Unemployment2.6%6.3%
Economic Freedom Index56.555.9
Personal Freedom Index6.967.63
Human Freedom Index6.87.17
Property Rights Index6350.3
Judical Effectiveness Index64.123
Business Freedom Index65.663.6
Fiscal Health Index13.19.3
Labor Freedom Index41.275.7
Investment Freedom Index4050
Financial Freedom Index4060
Trade Freedom Index73.474
Monetary Freedom Index7374.2
Government Spending Index77.966.6
Tax Burden Index79.487.4
Government Integrity Index47.236.9
Corruption Perceptions Index4137
Life expectancy at birth, years69.269.5
Suicide mortality rate, per 100,000 people16.313
Mortality caused by road traffic injury, per 100,000 people22.616.5
Intentional homicides, per 100,000 people3.26.2
International tourism, number of arrivals17.4M529k

Government debt & reserves

StatIndiaMongolia
Central government debt, % of GDP69.8%73.3%
External debt stocks, % of GNI19.3%253.9%
External debt stocks$521.4B$29.4B
Short-term debt, % of total reserves26.1%87.3%
Total debt service, % of exports and primary income11.4%101.6%
Adjusted net savings including particulate emission damage, % of GNI16.3%-10.3%
Gross savings, % of GDP30.9%30.3%
Gross capital formation, % of GDP31.3%43.1%
Total reserves including gold$399.2B$3.5B
Foreign direct investment net inflows$42.1B$2B

Exports, imports and economic structure

StatIndiaMongolia
Exports of goods and services, % of GDP19.7%58.7%
Imports of goods and services, % of GDP23.6%64.2%
Current account balance (balance of payments)-$65.6B-$1.9B
Revenue excluding grants, % of GDP12.9%24.9%
Grants excluding technical cooperation, BoP$689.4M$115.6M
Personal remittances received$78.8B$440.6M
Industry including construction value added, % of GDP26.7%38.7%
Agriculture, forestry and fishing value added, % of GDP14.6%10.8%
Charges for the use of intellectual property, payments BoP$7.9B$16.1M
Charges for the use of intellectual property, receipts BoP$784.9M$1.4M
Expense, % of GDP14.9%23.8%
Government Expenditure, % of GDP27.1%33.4%

Compare with countries close by GDP per capita

India vs

CountryGDP
per capita
Population
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M

Mongolia vs

CountryGDP
per capita
Population
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k