Latin America and the Caribbean vs Mongolia: Merchandise trade as a proportion of GDP
Latin America and the Caribbean
43.1%
in 2024
Mongolia
115.1%
in 2024
Latin America and the Caribbean rank
24th
Mongolia rank
23rd
Merchandise trade as a proportion of GDP over time
- Latin America and the Caribbean
- Mongolia
How they compare
Mongolia currently reports 115.1% against 43.1% in Latin America and the Caribbean, a difference of 72.0%.
That makes Mongolia's figure about 2.7 times Latin America and the Caribbean's.
Across all 25 years both countries report, Mongolia has been ahead every year.
Latin America and the Caribbean ranks 24th and Mongolia ranks 23rd of 37 groups.
Mongolia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Latin America and the Caribbean | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 37.3% | 93.3% | 56.0% | Mongolia |
| 2010s | 37.1% | 89.4% | 52.3% | Mongolia |
| 2020s | 45.0% | 112.2% | 67.2% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher merchandise trade as a proportion of gdp, Latin America and the Caribbean or Mongolia?
- Mongolia, at 115.1% against 43.1% in Latin America and the Caribbean as of 2024.
- What is the difference in merchandise trade as a proportion of gdp between Latin America and the Caribbean and Mongolia?
- 72.0%, with Mongolia ahead.
- How many years of comparable data are there for Latin America and the Caribbean and Mongolia?
- 25 years are reported by both, from 2000 to 2024.
- How do Latin America and the Caribbean and Mongolia rank globally for merchandise trade as a proportion of gdp?
- Latin America and the Caribbean ranks 24th and Mongolia ranks 23rd of 37 groups.
- Where does this data come from?
- United Nations Statistics Division, SDG Global Database, published as Merchandise trade as a proportion of GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.