Annual growth of imports of goods and services in Mongolia
Mongolia: Annual growth of imports of goods and services was 17.5% in 2024. ◆ Volatile
Latest (2024)
17.5%
Change on year
down 7.2%
World rank
10th
of 186 countries
All-time high
49.5%
in 2011
All-time low
-15.5%
in 2020
Years of data
14
2011–2024
Annual growth of imports of goods and services in Mongolia, 2011–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Mongolia recorded 17.5% for annual growth of imports of goods and services in 2024.
Compared with earlier readings it is down 7.2% on the previous year and up 157.0% over ten years.
Over the whole period, annual growth of imports of goods and services in Mongolia peaked at 49.5% in 2011 and was at its lowest, -15.5%, in 2020.
That places Mongolia 10th out of 186 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 49.5% | — |
| 2012 | 15.4% | -68.9% |
| 2013 | 7.6% | -51.0% |
| 2014 | 6.8% | -9.9% |
| 2015 | -11.4% | -268.1% |
| 2016 | 17.5% | -253.3% |
| 2017 | 11.5% | -34.4% |
| 2018 | 32.7% | +184.0% |
| 2019 | 8.6% | -73.6% |
| 2020 | -15.5% | -279.4% |
| 2021 | 13.6% | -187.6% |
| 2022 | 29.1% | +114.2% |
| 2023 | 18.9% | -35.1% |
| 2024 | 17.5% | -7.2% |
Mongolia compared with similar countries
- Mongolia's 17.5% is above the median for upper middle income countries, which is 6.1%, 2.9× the median. (46 countries reporting)
- Mongolia's 17.5% is above the median for East Asia & Pacific, which is 6.5%, 2.7× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 15.4% | -11.4% | 49.5% | 9 |
| 2020s | 12.7% | -15.5% | 29.1% | 5 |
Countries ranked near Mongolia
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 55.47 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0023 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.78 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.79 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1169 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 789.32 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is annual growth of imports of goods and services in Mongolia?
- Annual growth of imports of goods and services in Mongolia was 17.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of imports of goods and services recorded in Mongolia?
- The highest recorded value was 49.5% in 2011.
- What is the lowest annual growth of imports of goods and services recorded in Mongolia?
- The lowest recorded value was -15.5% in 2020.
- How does Mongolia rank for annual growth of imports of goods and services?
- Mongolia ranks 10th out of 186 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Mongolia?
- Over the last ten years it is up 157.0%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of imports of goods and services (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under UN SDG Global Database (open, attribution requested).