External balance on goods and services as a percent of GDP in Mongolia
Mongolia: External balance on goods and services as a percent of GDP was 5.4% in 2025. ◆ Volatile
External balance on goods and services as a percent of GDP in Mongolia, 1981–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2025, external balance on goods and services as a percent of gdp in Mongolia stood at 5.4%.
That represents a change of up 634.9% on the previous year and up 522.4% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Mongolia peaked at 9.6% in 2023 and was at its lowest, -51.2%, in 1986.
Mongolia ranks 37th of 191 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | -47.2% | — |
| 1982 | -38.2% | -19.0% |
| 1983 | -35.8% | -6.2% |
| 1984 | -35.9% | +0.2% |
| 1985 | -41.5% | +15.6% |
| 1986 | -51.2% | +23.5% |
| 1987 | -41.5% | -19.0% |
| 1988 | -37.6% | -9.4% |
| 1989 | -31.4% | -16.5% |
| 1990 | -22.1% | -29.7% |
| 1991 | -28.5% | +29.0% |
| 1992 | -7.4% | -73.9% |
| 1993 | -11.1% | +49.1% |
| 1994 | -9.9% | -10.7% |
| 1995 | -1.0% | -89.7% |
| 1996 | -6.9% | +578.4% |
| 1997 | 5.3% | -177.1% |
| 1998 | -11.7% | -318.4% |
| 1999 | -11.9% | +2.2% |
| 2000 | -13.9% | +16.5% |
| 2001 | -15.2% | +9.3% |
| 2002 | -17.1% | +12.4% |
| 2003 | -15.6% | -8.6% |
| 2004 | -9.8% | -37.5% |
| 2005 | -4.8% | -50.4% |
| 2006 | 6.0% | -223.0% |
| 2007 | 1.3% | -77.4% |
| 2008 | -13.2% | -1076.2% |
| 2009 | -7.3% | -44.9% |
| 2010 | -10.0% | +37.7% |
| 2011 | -21.9% | +119.1% |
| 2012 | -22.4% | +2.5% |
| 2013 | -22.5% | +0.4% |
| 2014 | -4.8% | -78.6% |
| 2015 | -1.3% | -73.4% |
| 2016 | 0.7% | -153.6% |
| 2017 | 2.4% | +248.3% |
| 2018 | -10.0% | -517.7% |
| 2019 | -6.0% | -40.5% |
| 2020 | 2.5% | -141.6% |
| 2021 | -2.0% | -180.6% |
| 2022 | -6.2% | +210.2% |
| 2023 | 9.6% | -255.5% |
| 2024 | -1.0% | -110.5% |
| 2025 | 5.4% | -634.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -40.0% | -51.2% | -31.4% | 9 |
| 1990s | -10.5% | -28.5% | 5.3% | 10 |
| 2000s | -8.9% | -17.1% | 6.0% | 10 |
| 2010s | -9.6% | -22.5% | 2.4% | 10 |
| 2020s | 1.4% | -6.2% | 9.6% | 6 |
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)
- 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 external balance on goods and services as a percent of gdp in Mongolia?
- External balance on goods and services as a percent of gdp in Mongolia was 5.4% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Mongolia?
- The highest recorded value was 9.6% in 2023.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Mongolia?
- The lowest recorded value was -51.2% in 1986.
- How does Mongolia rank for external balance on goods and services as a percent of gdp?
- Mongolia ranks 37th out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Mongolia?
- Over the last ten years it is up 522.4%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.