Mongolia vs Panama: External balance on goods and services
Mongolia
5.4%
in 2025
Panama
5.0%
in 2024
Mongolia rank
37th
Panama rank
40th
External balance on goods and services 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 193 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, 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 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?
- Mongolia ranks 37th and Panama ranks 40th of 193 countries.
- 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.