Lower middle income vs Mongolia: External balance on goods and services
External balance on goods and services over time
- Lower middle income
- Mongolia
How they compare
Mongolia currently reports 5.4% against -3.1% in Lower middle income, a difference of 8.5%.
That makes Mongolia's figure about 1.8 times Lower middle income's.
The two have swapped places 11 times across 45 shared years of data; in 1981 it was Lower middle income ahead.
Lower middle income ranks 35th and Mongolia ranks 37th of 44 groups.
Across the 5 decades both report, Lower middle income averaged higher in 4 and Mongolia in 1.
Head to head by decade
| Decade | Lower middle income | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | -4.0% | -40.0% | 36.0% | Lower middle income |
| 1990s | -1.9% | -10.5% | 8.6% | Lower middle income |
| 2000s | -1.6% | -8.9% | 7.3% | Lower middle income |
| 2010s | -3.4% | -9.6% | 6.2% | Lower middle income |
| 2020s | -3.0% | 1.4% | 4.4% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Lower middle income or Mongolia?
- Mongolia, at 5.4% against -3.1% in Lower middle income as of 2025.
- What is the difference in external balance on goods and services between Lower middle income and Mongolia?
- 8.5%, with Mongolia ahead.
- How many years of comparable data are there for Lower middle income and Mongolia?
- 45 years are reported by both, from 1981 to 2025.
- How do Lower middle income and Mongolia rank globally for external balance on goods and services?
- Lower middle income ranks 35th 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.