Korea vs Mongolia: External balance on goods and services as a percent of GDP
Korea
5.2%
in 2025
Mongolia
5.4%
in 2025
Korea rank
39th
Mongolia rank
37th
External balance on goods and services as a percent of GDP over time
- Korea
- Mongolia
How they compare
Mongolia currently reports 5.4% against 5.2% in Korea, a difference of 0.2%.
That makes Mongolia's figure about 1.1 times Korea's.
The two have swapped places 9 times across 45 shared years of data; in 1981 it was Korea ahead.
Korea ranks 39th and Mongolia ranks 37th of 191 countries.
Korea has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Korea | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 0.4% | -40.0% | 40.4% | Korea |
| 1990s | 0.6% | -10.5% | 11.1% | Korea |
| 2000s | 1.6% | -8.9% | 10.5% | Korea |
| 2010s | 3.9% | -9.6% | 13.5% | Korea |
| 2020s | 2.8% | 1.4% | 1.4% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services as a percent of gdp, Korea or Mongolia?
- Mongolia, at 5.4% against 5.2% in Korea as of 2025.
- What is the difference in external balance on goods and services as a percent of gdp between Korea and Mongolia?
- 0.2%, with Mongolia ahead.
- How many years of comparable data are there for Korea and Mongolia?
- 45 years are reported by both, from 1981 to 2025.
- How do Korea and Mongolia rank globally for external balance on goods and services as a percent of gdp?
- Korea ranks 39th and Mongolia ranks 37th of 191 countries.
- Where does this data come from?
- National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as External balance on goods and services as a percent of GDP. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.