Iceland vs Mongolia: Imports of goods and services
Imports of goods and services over time
- Iceland
- Mongolia
How they compare
Mongolia currently reports 16.59 billion BoP, current US$ against 16.39 billion BoP, current US$ in Iceland, a difference of 204.00 million BoP, current US$.
The two have swapped places 6 times across 44 shared years of data; in 1981 it was Mongolia ahead.
Iceland ranks 104th and Mongolia ranks 103rd of 200 countries.
Across the 5 decades both report, Iceland averaged higher in 4 and Mongolia in 1.
Head to head by decade
| Decade | Iceland | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1.41 billion BoP, current US$ | 1.61 billion BoP, current US$ | 204.79 million BoP, current US$ | Mongolia |
| 1990s | 2.41 billion BoP, current US$ | 586.66 million BoP, current US$ | 1.83 billion BoP, current US$ | Iceland |
| 2000s | 5.70 billion BoP, current US$ | 1.73 billion BoP, current US$ | 3.97 billion BoP, current US$ | Iceland |
| 2010s | 8.29 billion BoP, current US$ | 7.16 billion BoP, current US$ | 1.13 billion BoP, current US$ | Iceland |
| 2020s | 11.91 billion BoP, current US$ | 11.77 billion BoP, current US$ | 136.62 million BoP, current US$ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher imports of goods and services, Iceland or Mongolia?
- Mongolia, at 16.59 billion BoP, current US$ against 16.39 billion BoP, current US$ in Iceland as of 2024.
- What is the difference in imports of goods and services between Iceland and Mongolia?
- 204.00 million BoP, current US$, with Mongolia ahead.
- How many years of comparable data are there for Iceland and Mongolia?
- 44 years are reported by both, from 1981 to 2024.
- How do Iceland and Mongolia rank globally for imports of goods and services?
- Iceland ranks 104th and Mongolia ranks 103rd of 200 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Imports of goods and services (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.