Mongolia vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Mongolia ranked 134th with $13.1B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Mongolia ranked 126th vs 39th and 23rd vs 118th, respectively.

Gross Domestic Product & Income

StatMongoliaUnited Kingdom
GDP$13.1B$2.9T
GDP growth, 1 year6.9%1.4%
GDP growth, 5-years average4.7%2.1%
Population3.1M66M
GDP per capita$4.1k$43k
GDP per capita growth5.32%0.73%
Purchasing Power Parity conversion factor738.480.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.30.93
GDP per capita, PPP adjusted$13k$46k
GNI, Atlas method$11.6B$2.8T
GNI per capita$3.7k$42k
GNI, PPP adjusted$39.6B$3T
GNI per capita, PPP adjusted$13k$45k

Financial system and Human development

StatMongoliaUnited Kingdom
Income Tax Rate10%45%
Corporate Tax Rate25%20%
Inflation, consumer prices7.7%2.5%
Inflation, GDP deflator8.1%1.9%
Unemployment6.3%4%
Economic Freedom Index55.979.3
Personal Freedom Index7.639.08
Human Freedom Index7.178.55
Property Rights Index50.392.2
Judical Effectiveness Index2382.7
Business Freedom Index63.694.7
Fiscal Health Index9.378.1
Labor Freedom Index75.773.1
Investment Freedom Index5080
Financial Freedom Index6080
Trade Freedom Index7486.4
Monetary Freedom Index74.280.3
Government Spending Index66.649.5
Tax Burden Index87.464.7
Government Integrity Index36.989.9
Corruption Perceptions Index3780
Life expectancy at birth, years69.581.2
Suicide mortality rate, per 100,000 people138.9
Mortality caused by road traffic injury, per 100,000 people16.53.1
Intentional homicides, per 100,000 people6.21.2
International tourism, number of arrivals529k36.3M

Government debt & reserves

StatMongoliaUnited Kingdom
Central government debt, % of GDP73.3%86.9%
External debt stocks, % of GNI253.9%N/A
External debt stocks$29.4BN/A
Short-term debt, % of total reserves87.3%N/A
Total debt service, % of exports and primary income101.6%N/A
Adjusted net savings including particulate emission damage, % of GNI-10.3%5.5%
Gross savings, % of GDP30.3%13.4%
Gross capital formation, % of GDP43.1%17.3%
Total reserves including gold$3.5B$172.7B
Foreign direct investment net inflows$2B$35.1B

Exports, imports and economic structure

StatMongoliaUnited Kingdom
Exports of goods and services, % of GDP58.7%30%
Imports of goods and services, % of GDP64.2%31.8%
Current account balance (balance of payments)-$1.9B-$123.1B
Revenue excluding grants, % of GDP24.9%35.3%
Grants excluding technical cooperation, BoP$115.6MN/A
Personal remittances received$440.6M$4.4B
Industry including construction value added, % of GDP38.7%17.5%
Agriculture, forestry and fishing value added, % of GDP10.8%0.6%
Charges for the use of intellectual property, payments BoP$16.1M$13.5B
Charges for the use of intellectual property, receipts BoP$1.4M$21.7B
Expense, % of GDP23.8%36%
Government Expenditure, % of GDP33.4%41%

Compare with countries close by GDP per capita

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

United Kingdom vs

CountryGDP
per capita
Population
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M