Mongolia vs Panama: External balance on goods and services as a percent of GDP
Mongolia
5.4%
in 2025
Panama
5.0%
in 2024
Mongolia rank
37th
Panama rank
40th
External balance on goods and services as a percent of GDP over time
- Mongolia
- Panama
How they compare
Mongolia currently reports 5.4% against 5.0% in Panama, a difference of 0.4%.
That makes Mongolia's figure about 1.1 times Panama's.
The two have swapped places 10 times across 44 shared years of data; in 1981 it was Panama ahead.
Mongolia ranks 37th and Panama ranks 40th of 191 countries.
Panama has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Mongolia | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1980s | -40.0% | -3.0% | 37.0% | Panama |
| 1990s | -10.5% | -7.1% | 3.5% | Panama |
| 2000s | -8.9% | -2.0% | 6.9% | Panama |
| 2010s | -9.6% | -2.7% | 6.9% | Panama |
| 2020s | 0.6% | 3.5% | 2.9% | Panama |
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, Mongolia or Panama?
- Mongolia, at 5.4% against 5.0% in Panama as of 2025.
- What is the difference in external balance on goods and services as a percent of gdp between Mongolia and Panama?
- 0.4%, with Mongolia ahead.
- How many years of comparable data are there for Mongolia and Panama?
- 44 years are reported by both, from 1981 to 2024.
- How do Mongolia and Panama rank globally for external balance on goods and services as a percent of gdp?
- Mongolia ranks 37th and Panama ranks 40th 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.