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% |
Mongolia compared with similar countries
- Mongolia's 5.4% is above the median for upper middle income countries, which is -4.0%. (52 countries reporting)
- Mongolia's 5.4% is above the median for East Asia & Pacific, which is -9.4%. (34 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services as a percent of GDP 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 |
|---|---|---|---|
| 2008 | -1076.2% | 1.3% | -13.2% |
| 2025 | +634.9% | -1.0% | 5.4% |
| 1996 | -578.4% | -1.0% | -6.9% |
| 2018 | -517.7% | 2.4% | -10.0% |
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)
- SDRs holdings, US dollar, annual growth rate -2.15 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 24.74 units per person (2025)
- SDRs holdings, SDR, annual growth rate -6.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 18.07 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -22.42 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0068 units 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.
Download this data
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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.