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. Measured in %.
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 176th out of 205 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 | % | 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% |
Mongolia compared with similar countries
- Mongolia's -10.4% is below the median for upper middle income countries, which is -2.1%, 5.0× the median. (53 countries reporting)
- Mongolia's -10.4% is below the median for East Asia & Pacific, which is 1.1%. (30 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2024 | -1850.7% | 0.6% | -10.4% |
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
- 173 Sierra Leone -9.5% compare
- 174 Mauritania -9.5% compare
- 175 Cayman Islands -9.8% compare
- 177 Mozambique -11.0% compare
- 178 Côte d'Ivoire -11.4% compare
- 178 Cote d'Ivoire -11.4% compare
More economy & growth data for Mongolia
- Real gdp growth, annual growth rate 33.62 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate -2.15 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 24.74 units per person (2025)
- SDRs holdings, SDR, annual growth rate -6.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 18.07 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -22.42 % change on previous year (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 176th out of 205 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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