Imports of goods and services (BoP, current US$), annual growth rate in Mongolia
Mongolia: Imports of goods and services (BoP, current US$), annual growth rate was 22.48 % change on previous year in 2024. ◆ Volatile
Imports of goods and services (BoP, current US$), annual growth rate in Mongolia, 1982–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for imports of goods and services (bop, current us$), annual growth rate in Mongolia is 22.48 % change on previous year, measured in 2024.
Compared with earlier readings it is up 90.0% on the previous year and up 256.4% over ten years.
Over the whole period, imports of goods and services (bop, current us$), annual growth rate in Mongolia peaked at 109.23 % change on previous year in 2011 and was at its lowest, -53.13 % change on previous year, in 1991.
That places Mongolia 10th out of 199 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services (BoP, current US$), annual growth rate in Mongolia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1982 | 9.45 % change on previous year | — |
| 1983 | 0.9267 % change on previous year | -90.2% |
| 1984 | -3.96 % change on previous year | -527.1% |
| 1985 | 4.15 % change on previous year | -204.9% |
| 1986 | 34.04 % change on previous year | +720.2% |
| 1987 | 0.069 % change on previous year | -99.8% |
| 1988 | 1.97 % change on previous year | +2751.9% |
| 1989 | 2.88 % change on previous year | +46.5% |
| 1990 | -45.6 % change on previous year | -1681.8% |
| 1991 | -53.13 % change on previous year | +16.5% |
| 1992 | -11.31 % change on previous year | -78.7% |
| 1993 | -9.64 % change on previous year | -14.8% |
| 1994 | 5.08 % change on previous year | -152.7% |
| 1995 | 22.74 % change on previous year | +348.0% |
| 1996 | 9.86 % change on previous year | -56.6% |
| 1997 | 3.6 % change on previous year | -63.5% |
| 1998 | 13.28 % change on previous year | +268.8% |
| 1999 | -2.92 % change on previous year | -122.0% |
| 2000 | 18.2 % change on previous year | -724.4% |
| 2001 | 7.49 % change on previous year | -58.9% |
| 2002 | 14.22 % change on previous year | +89.9% |
| 2003 | 14.5 % change on previous year | +2.0% |
| 2004 | 29.68 % change on previous year | +104.6% |
| 2005 | 11.44 % change on previous year | -61.5% |
| 2006 | 16.59 % change on previous year | +45.1% |
| 2007 | 35.11 % change on previous year | +111.6% |
| 2008 | 52.65 % change on previous year | +50.0% |
| 2009 | -30.16 % change on previous year | -157.3% |
| 2010 | 47.07 % change on previous year | -256.0% |
| 2011 | 109.23 % change on previous year | +132.1% |
| 2012 | 10.05 % change on previous year | -90.8% |
| 2013 | -5.74 % change on previous year | -157.2% |
| 2014 | -14.37 % change on previous year | +150.2% |
| 2015 | -26.45 % change on previous year | +84.0% |
| 2016 | 6 % change on previous year | -122.7% |
| 2017 | 16.37 % change on previous year | +172.9% |
| 2018 | 29.97 % change on previous year | +83.0% |
| 2019 | 9.1 % change on previous year | -69.6% |
| 2020 | -20.64 % change on previous year | -326.8% |
| 2021 | 26.1 % change on previous year | -226.5% |
| 2022 | 30.85 % change on previous year | +18.2% |
| 2023 | 11.83 % change on previous year | -61.7% |
| 2024 | 22.48 % change on previous year | +90.0% |
Mongolia compared with similar countries
- Mongolia's 22.48 % change on previous year is above the median for upper middle income countries, which is 7.64 % change on previous year, 2.9× the median. (57 countries reporting)
- Mongolia's 22.48 % change on previous year is above the median for East Asia & Pacific, which is 3.53 % change on previous year, 6.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services (BoP, current US$), annual growth rate in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +2751.9% | 0.069 % change on previous year | 1.97 % change on previous year |
| 1990 | -1681.8% | 2.88 % change on previous year | -45.6 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.19 % change on previous year | -3.96 % change on previous year | 34.04 % change on previous year | 8 |
| 1990s | -6.8 % change on previous year | -53.13 % change on previous year | 22.74 % change on previous year | 10 |
| 2000s | 16.97 % change on previous year | -30.16 % change on previous year | 52.65 % change on previous year | 10 |
| 2010s | 18.12 % change on previous year | -26.45 % change on previous year | 109.23 % change on previous year | 10 |
| 2020s | 14.13 % change on previous year | -20.64 % change on previous year | 30.85 % change on previous year | 5 |
Countries ranked near Mongolia
- 7 Argentina 25.9 % change on previous year compare
- 8 Switzerland 25.66 % change on previous year compare
- 9 Tajikistan 25.11 % change on previous year compare
- 11 Guinea 22.32 % change on previous year compare
- 12 Uganda 21.11 % change on previous year compare
- 13 Faroe Islands 20.92 % change on previous year compare
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services (bop, current us$), annual growth rate in Mongolia?
- Imports of goods and services (bop, current us$), annual growth rate in Mongolia was 22.48 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest imports of goods and services (bop, current us$), annual growth rate recorded in Mongolia?
- The highest recorded value was 109.23 % change on previous year in 2011.
- What is the lowest imports of goods and services (bop, current us$), annual growth rate recorded in Mongolia?
- The lowest recorded value was -53.13 % change on previous year in 1991.
- How does Mongolia rank for imports of goods and services (bop, current us$), annual growth rate?
- Mongolia ranks 10th out of 199 countries with data for 2024.
- Is imports of goods and services (bop, current us$), annual growth rate rising or falling in Mongolia?
- Over the last ten years it is up 256.4%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Statizoid (derived), published as part of Imports of goods and services (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Imports of goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Imports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Imports of goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.