Least developed countries vs Mongolia: External balance on goods and services
External balance on goods and services over time
- Least developed countries
- Mongolia
How they compare
Mongolia currently reports 5.4% against -6.8% in Least developed countries, a difference of 12.2%.
The two have swapped places 9 times across 32 shared years of data; in 1994 it was Least developed countries ahead.
Least developed countries ranks 39th and Mongolia ranks 37th of 44 groups.
Across the 4 decades both report, Least developed countries averaged higher in 2 and Mongolia in 2.
Head to head by decade
| Decade | Least developed countries | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -8.1% | -6.0% | 2.1% | Mongolia |
| 2000s | -5.9% | -8.9% | 3.1% | Least developed countries |
| 2010s | -8.1% | -9.6% | 1.5% | Least developed countries |
| 2020s | -8.0% | 1.4% | 9.4% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Least developed countries or Mongolia?
- Mongolia, at 5.4% against -6.8% in Least developed countries as of 2025.
- What is the difference in external balance on goods and services between Least developed countries and Mongolia?
- 12.2%, with Mongolia ahead.
- How many years of comparable data are there for Least developed countries and Mongolia?
- 32 years are reported by both, from 1994 to 2025.
- How do Least developed countries and Mongolia rank globally for external balance on goods and services?
- Least developed countries ranks 39th and Mongolia ranks 37th of 44 groups.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.