Current account balance as a proportion of GDP in Mongolia
Mongolia: Current account balance as a proportion of GDP was -10.4% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Mongolia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for current account balance as a proportion of gdp in Mongolia is -10.4%, measured in 2024.
That represents a change of down 1,850.7% on the previous year and up 34.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in Mongolia peaked at 10.9% in 2006 and was at its lowest, -43.8%, in 2012.
That places Mongolia 156th out of 177 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -6.1% | — |
| 2001 | -4.9% | -20.8% |
| 2002 | -7.5% | +54.7% |
| 2003 | -6.2% | -17.9% |
| 2004 | 3.2% | -151.1% |
| 2005 | 3.5% | +9.6% |
| 2006 | 10.9% | +214.3% |
| 2007 | 4.1% | -62.8% |
| 2008 | -12.3% | -402.8% |
| 2009 | -7.5% | -39.3% |
| 2010 | -12.3% | +65.2% |
| 2011 | -43.3% | +251.9% |
| 2012 | -43.8% | +1.0% |
| 2013 | -37.6% | -14.1% |
| 2014 | -15.8% | -57.9% |
| 2015 | -8.2% | -48.4% |
| 2016 | -6.3% | -23.3% |
| 2017 | -10.1% | +60.8% |
| 2018 | -14.4% | +43.4% |
| 2019 | -15.2% | +5.4% |
| 2020 | -5.1% | -66.7% |
| 2021 | -13.8% | +172.2% |
| 2022 | -13.4% | -2.6% |
| 2023 | 0.6% | -104.4% |
| 2024 | -10.4% | -1850.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.3% | -12.3% | 10.9% | 10 |
| 2010s | -20.7% | -43.8% | -6.3% | 10 |
| 2020s | -8.4% | -13.8% | 0.6% | 5 |
Countries ranked near Mongolia
- 153 Sierra Leone -9.5% compare
- 154 Mauritania -9.5% compare
- 155 Cayman Islands -9.8% compare
- 157 Mozambique -11.0% compare
- 158 Vanuatu -12.1% compare
- 159 Rwanda -12.7% compare
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)
- Services, value added (current US$), annual growth rate 6.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4434 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 3,152 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 11.5 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 1,572 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 11.17 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.02 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3362 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Mongolia?
- Current account balance as a proportion of gdp in Mongolia was -10.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Mongolia?
- The highest recorded value was 10.9% in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Mongolia?
- The lowest recorded value was -43.8% in 2012.
- How does Mongolia rank for current account balance as a proportion of gdp?
- Mongolia ranks 156th out of 177 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Mongolia?
- Over the last ten years it is up 34.0%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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