Debt service as a share of exports of good and services in Mongolia
Mongolia: Debt service as a share of exports of good and services was 12.5% in 2023. ◆ Volatile
Debt service as a share of exports of good and services in Mongolia, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for debt service as a share of exports of good and services in Mongolia is 12.5%, measured in 2023.
That represents a change of down 34.9% on the previous year and up 147.6% over ten years.
Over the whole period, debt service as a share of exports of good and services in Mongolia peaked at 33.8% in 2003 and was at its lowest, 1.8%, in 2011.
Mongolia ranks 26th of 116 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a share of exports of good and services in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 6.5% | — |
| 2001 | 7.1% | +9.6% |
| 2002 | 7.3% | +3.4% |
| 2003 | 33.8% | +360.4% |
| 2004 | 2.9% | -91.3% |
| 2005 | 2.7% | -7.8% |
| 2006 | 2.4% | -10.7% |
| 2007 | 2.1% | -12.0% |
| 2008 | 2.3% | +8.5% |
| 2009 | 4.1% | +77.4% |
| 2010 | 4.3% | +6.1% |
| 2011 | 1.8% | -59.6% |
| 2012 | 2.8% | +60.6% |
| 2013 | 5.0% | +79.4% |
| 2014 | 3.6% | -28.0% |
| 2015 | 3.1% | -15.7% |
| 2016 | 3.5% | +13.1% |
| 2017 | 4.2% | +19.9% |
| 2018 | 11.1% | +166.3% |
| 2019 | 5.5% | -50.1% |
| 2020 | 14.3% | +159.5% |
| 2021 | 14.4% | +0.8% |
| 2022 | 19.2% | +33.0% |
| 2023 | 12.5% | -34.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | 2.1% | 33.8% | 10 |
| 2010s | 4.5% | 1.8% | 11.1% | 10 |
| 2020s | 15.1% | 12.5% | 19.2% | 4 |
Countries ranked near Mongolia
- 23 Cape Verde 13.5% compare
- 24 Tanzania, United Republic of 13.4% compare
- 25 Bolivia, Plurinational State of 12.6% compare
- 27 Comoros 11.6% compare
- 28 Ecuador 11.4% compare
- 29 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)
- Gross capital formation (current US$), annual growth rate -5.78 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.3141 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 2,233 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate -1.46 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 1,114 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 7.92 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -7.24 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.291 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is debt service as a share of exports of good and services in Mongolia?
- Debt service as a share of exports of good and services in Mongolia was 12.5% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Mongolia?
- The highest recorded value was 33.8% in 2003.
- What is the lowest debt service as a share of exports of good and services recorded in Mongolia?
- The lowest recorded value was 1.8% in 2011.
- How does Mongolia rank for debt service as a share of exports of good and services?
- Mongolia ranks 26th out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services rising or falling in Mongolia?
- Over the last ten years it is up 147.6%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).