Debt service as a proportion of exports of goods, services and in Mongolia
Mongolia: Debt service as a proportion of exports of goods, services and was 12.5% in 2023. ◆ Volatile
Debt service as a proportion of exports of goods, services and in Mongolia, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, debt service as a proportion of exports of goods, services and in Mongolia stood at 12.5%.
That represents a change of down 34.8% on the previous year and up 147.8% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Mongolia peaked at 33.8% in 2003 and was at its lowest, 1.7%, in 2011.
That places Mongolia 27th out of 125 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 6.5% | — |
| 2001 | 7.1% | +9.6% |
| 2002 | 7.4% | +3.4% |
| 2003 | 33.8% | +360.3% |
| 2004 | 2.9% | -91.3% |
| 2005 | 2.7% | -7.9% |
| 2006 | 2.4% | -10.6% |
| 2007 | 2.1% | -12.0% |
| 2008 | 2.3% | +8.3% |
| 2009 | 4.1% | +77.2% |
| 2010 | 4.3% | +6.1% |
| 2011 | 1.7% | -59.6% |
| 2012 | 2.8% | +60.5% |
| 2013 | 5.0% | +79.3% |
| 2014 | 3.6% | -27.9% |
| 2015 | 3.1% | -15.8% |
| 2016 | 3.5% | +13.1% |
| 2017 | 4.2% | +20.2% |
| 2018 | 11.0% | +166.0% |
| 2019 | 5.5% | -50.1% |
| 2020 | 14.3% | +159.5% |
| 2021 | 14.4% | +0.8% |
| 2022 | 19.2% | +33.0% |
| 2023 | 12.5% | -34.8% |
Mongolia compared with similar countries
- Mongolia's 12.5% is above the median for upper middle income countries, which is 7.6%, 1.6× the median. (49 countries reporting)
- Mongolia's 12.5% is above the median for East Asia & Pacific, which is 4.7%, 2.6× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Debt service as a proportion of exports of goods, services and 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 |
|---|---|---|---|
| 2003 | +360.3% | 7.4% | 33.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | 2.1% | 33.8% | 10 |
| 2010s | 4.5% | 1.7% | 11.0% | 10 |
| 2020s | 15.1% | 12.5% | 19.2% | 4 |
Countries ranked near Mongolia
- 24 Cabo Verde 13.5% compare
- 25 United Republic of Tanzania 13.4% compare
- 26 Bolivia (Plurinational State of) 12.6% compare
- 28 Comoros 11.6% compare
- 29 Ecuador 11.4% compare
- 30 Sierra Leone 11.2% 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)
- 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 debt service as a proportion of exports of goods, services and in Mongolia?
- Debt service as a proportion of exports of goods, services and in Mongolia was 12.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Mongolia?
- The highest recorded value was 33.8% in 2003.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Mongolia?
- The lowest recorded value was 1.7% in 2011.
- How does Mongolia rank for debt service as a proportion of exports of goods, services and?
- Mongolia ranks 27th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Mongolia?
- Over the last ten years it is up 147.8%. 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 Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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