Current account balance in Mongolia
Mongolia: Current account balance was -10.4% in 2024. ◆ Volatile
Current account balance in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for current account balance in Mongolia is -10.4%, measured in 2024.
Compared with earlier readings it is down 1,850.7% on the previous year and up 34.0% over ten years.
Over the whole period, current account balance in Mongolia peaked at 10.9% in 2006 and was at its lowest, -43.8%, in 2012.
That places Mongolia 171st out of 199 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 in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | -35.0% | — |
| 1982 | -33.1% | -5.2% |
| 1983 | -30.2% | -8.7% |
| 1984 | -35.3% | +16.6% |
| 1985 | -37.2% | +5.5% |
| 1986 | -36.6% | -1.6% |
| 1987 | -32.8% | -10.4% |
| 1988 | -32.2% | -1.7% |
| 1989 | -33.3% | +3.2% |
| 1990 | -24.2% | -27.4% |
| 1991 | -4.0% | -83.6% |
| 1992 | -3.7% | -7.8% |
| 1993 | 5.0% | -236.7% |
| 1994 | 5.0% | -0.2% |
| 1995 | 2.7% | -46.4% |
| 1996 | -2.7% | -202.4% |
| 1997 | 5.8% | -309.9% |
| 1998 | -6.7% | -216.8% |
| 1999 | -5.5% | -18.7% |
| 2000 | -6.1% | +12.4% |
| 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 |
|---|---|---|---|---|
| 1980s | -34.0% | -37.2% | -30.2% | 9 |
| 1990s | -2.8% | -24.2% | 5.8% | 10 |
| 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
- 168 Sudan -8.6% compare
- 169 Cayman Islands -8.8% compare
- 170 Mauritania -9.6% compare
- 172 Mozambique -11.0% compare
- 173 Vanuatu -11.1% compare
- 174 Rwanda -12.0% 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 7.52 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9053 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,435 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 12.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3,209 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 22.81 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 7.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5992 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Mongolia?
- Current account balance in Mongolia was -10.4% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Mongolia?
- The highest recorded value was 10.9% in 2006.
- What is the lowest current account balance recorded in Mongolia?
- The lowest recorded value was -43.8% in 2012.
- How does Mongolia rank for current account balance?
- Mongolia ranks 171st out of 199 countries with data for 2024.
- Is current account balance 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.