Nonrenewable natural capital, metals and minerals: iron ore in Mongolia

Mongolia: Nonrenewable natural capital, metals and minerals: iron ore was 10.92 billion real chained 2019 US$ in 2020. ▼ Falling

Latest (2020)
10.92 billion real chained 2019 US$
Change on year
down 1.6%
World rank
13th
of 129 countries
All-time high
12.36 billion real chained 2019 US$
in 1995
All-time low
10.92 billion real chained 2019 US$
in 2020
Years of data
26
1995–2020

Nonrenewable natural capital, metals and minerals: iron ore in Mongolia, 1995–2020

02.5B5.0B7.5B10.0B12.5B1995200720201995: 12.4B real chained 2019 US$1996: 12.4B real chained 2019 US$1997: 12.4B real chained 2019 US$1998: 12.4B real chained 2019 US$1999: 12.4B real chained 2019 US$2000: 12.4B real chained 2019 US$2001: 12.4B real chained 2019 US$2002: 12.4B real chained 2019 US$2003: 12.4B real chained 2019 US$2004: 12.4B real chained 2019 US$2005: 12.4B real chained 2019 US$2006: 12.4B real chained 2019 US$2007: 12.4B real chained 2019 US$2008: 12.3B real chained 2019 US$2009: 12.3B real chained 2019 US$2010: 12.3B real chained 2019 US$2011: 12.2B real chained 2019 US$2012: 12.1B real chained 2019 US$2013: 11.9B real chained 2019 US$2014: 11.8B real chained 2019 US$2015: 11.6B real chained 2019 US$2016: 11.5B real chained 2019 US$2017: 11.4B real chained 2019 US$2018: 11.2B real chained 2019 US$2019: 11.1B real chained 2019 US$2020: 10.9B real chained 2019 US$

Source: World Bank. Measured in real chained 2019 US$.

Analysis

Mongolia recorded 10.92 billion real chained 2019 US$ for nonrenewable natural capital, metals and minerals: iron ore in 2020. That is the lowest value across all 26 years on record.

That represents a change of down 1.6% on the previous year and down 11.1% over ten years.

Over the whole period, nonrenewable natural capital, metals and minerals: iron ore in Mongolia peaked at 12.36 billion real chained 2019 US$ in 1995 and was at its lowest, 10.92 billion real chained 2019 US$, in 2020.

That places Mongolia 13th out of 129 countries with data for 2020, putting it in the top 10%.

The long-run direction has been consistently falling across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 12.36 billion real chained 2019 US$ 12.36 billion real chained 2019 US$ 12.36 billion real chained 2019 US$ 5
2000s 12.35 billion real chained 2019 US$ 12.32 billion real chained 2019 US$ 12.36 billion real chained 2019 US$ 10
2010s 11.72 billion real chained 2019 US$ 11.10 billion real chained 2019 US$ 12.29 billion real chained 2019 US$ 10
2020s 10.92 billion real chained 2019 US$ 10.92 billion real chained 2019 US$ 10.92 billion real chained 2019 US$ 1

Countries ranked near Mongolia

  1. 10 South Africa 29.57 billion real chained 2019 US$ compare
  2. 11 Sweden 22.96 billion real chained 2019 US$ compare
  3. 12 Türkiye 18.11 billion real chained 2019 US$ compare
  4. 14 Mauritania 10.84 billion real chained 2019 US$ compare
  5. 15 Peru 9.90 billion real chained 2019 US$ compare
  6. 16 Chile 8.36 billion real chained 2019 US$ compare

See the full ranking of 129 places →

More reference data data for Mongolia

All data for Mongolia →

Frequently asked questions

What is nonrenewable natural capital, metals and minerals: iron ore in Mongolia?
Nonrenewable natural capital, metals and minerals: iron ore in Mongolia was 10.92 billion real chained 2019 US$ in 2020, according to the World Bank.
What is the highest nonrenewable natural capital, metals and minerals: iron ore recorded in Mongolia?
The highest recorded value was 12.36 billion real chained 2019 US$ in 1995.
What is the lowest nonrenewable natural capital, metals and minerals: iron ore recorded in Mongolia?
The lowest recorded value was 10.92 billion real chained 2019 US$ in 2020.
How does Mongolia rank for nonrenewable natural capital, metals and minerals: iron ore?
Mongolia ranks 13th out of 129 countries with data for 2020.
Is nonrenewable natural capital, metals and minerals: iron ore rising or falling in Mongolia?
Over the last ten years it is down 11.1%. The long-run trend across the full record is falling.
Where does this Mongolia data come from?
The figures come from the World Bank, published as part of Nonrenewable natural capital, metals and minerals: iron ore (real chained 2019 US$). Statizoid updates them automatically from the source API.

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Nonrenewable natural capital, metals and minerals: iron ore in Mongolia. Statizoid. Retrieved 20 August 2026, from https://reference.statizoid.com/stat/nonrenewable-natural-capital-metals-and-minerals-iron-ore-real-chained-2019-us/mongolia/

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About this data

Indicator
Nonrenewable natural capital, metals and minerals: iron ore (real chained 2019 US$)
Unit
real chained 2019 US$
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
129 places, 3,313 data points, 1995–2020
Last refreshed