Current account balance as a proportion of gdp in Mongolia
Mongolia: Current account balance as a proportion of gdp was 0.6 in 2023. ◆ Volatile
Current account balance as a proportion of gdp in Mongolia, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for current account balance as a proportion of gdp in Mongolia is 0.6, measured in 2023.
The figure is up 104.5% on the previous year and up 101.6% 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, -43.77, in 2012.
That places Mongolia 77th out of 191 countries with data for 2023, putting it in the middle of the range.
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 | -6.15 | — |
| 2001 | -4.87 | -20.8% |
| 2002 | -7.53 | +54.6% |
| 2003 | -6.18 | -17.9% |
| 2004 | 3.16 | -151.1% |
| 2005 | 3.47 | +9.8% |
| 2006 | 10.9 | +214.1% |
| 2007 | 4.06 | -62.8% |
| 2008 | -12.28 | -402.5% |
| 2009 | -7.46 | -39.3% |
| 2010 | -12.32 | +65.1% |
| 2011 | -43.35 | +251.9% |
| 2012 | -43.77 | +1.0% |
| 2013 | -37.61 | -14.1% |
| 2014 | -15.82 | -57.9% |
| 2015 | -8.16 | -48.4% |
| 2016 | -6.26 | -23.3% |
| 2017 | -10.06 | +60.7% |
| 2018 | -14.44 | +43.5% |
| 2019 | -15.22 | +5.4% |
| 2020 | -5.07 | -66.7% |
| 2021 | -13.79 | +172.0% |
| 2022 | -13.43 | -2.6% |
| 2023 | 0.6 | -104.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.29 | -12.28 | 10.9 | 10 |
| 2010s | -20.7 | -43.77 | -6.26 | 10 |
| 2020s | -7.92 | -13.79 | 0.6 | 4 |
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)
- GNI, Atlas method (current US$), annual growth rate 16.74 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.8732 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 6,207 current US$ per person (2025)
- GNI (current US$), annual growth rate 6.61 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.8878 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 6,311 current US$ per person (2025)
- GNI (current LCU), annual growth rate 11.49 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 3,147 current LCU 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 0.6 in 2023, according to Our World in Data.
- 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 -43.77 in 2012.
- How does Mongolia rank for current account balance as a proportion of gdp?
- Mongolia ranks 77th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Mongolia?
- Over the last ten years it is up 101.6%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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