Merchandise trade as a proportion of GDP in Mongolia
Mongolia: Merchandise trade as a proportion of GDP was 115.1% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Mongolia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Mongolia recorded 115.1% for merchandise trade as a proportion of gdp in 2024.
Compared with earlier readings it is down 4.2% on the previous year and up 27.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Mongolia peaked at 123.9% in 2022 and was at its lowest, 72.9%, in 2015.
That places Mongolia 20th out of 188 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 101.2% | — |
| 2001 | 91.4% | -9.7% |
| 2002 | 87.0% | -4.8% |
| 2003 | 88.8% | +2.1% |
| 2004 | 94.9% | +6.9% |
| 2005 | 89.1% | -6.1% |
| 2006 | 88.7% | -0.5% |
| 2007 | 94.6% | +6.6% |
| 2008 | 109.5% | +15.7% |
| 2009 | 88.0% | -19.6% |
| 2010 | 85.9% | -2.4% |
| 2011 | 109.7% | +27.6% |
| 2012 | 90.5% | -17.5% |
| 2013 | 84.5% | -6.7% |
| 2014 | 90.1% | +6.6% |
| 2015 | 72.9% | -19.1% |
| 2016 | 74.0% | +1.6% |
| 2017 | 91.8% | +24.0% |
| 2018 | 97.8% | +6.5% |
| 2019 | 96.8% | -1.0% |
| 2020 | 96.7% | -0.1% |
| 2021 | 105.2% | +8.8% |
| 2022 | 123.9% | +17.7% |
| 2023 | 120.2% | -3.0% |
| 2024 | 115.1% | -4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 93.3% | 87.0% | 109.5% | 10 |
| 2010s | 89.4% | 72.9% | 109.7% | 10 |
| 2020s | 112.2% | 96.7% | 123.9% | 5 |
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)
- Industry (including construction), value added (constant 2015 US$) 10.98 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1894 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,346 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 10.98 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 373.16 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 2.65 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 6.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4434 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Mongolia?
- Merchandise trade as a proportion of gdp in Mongolia was 115.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Mongolia?
- The highest recorded value was 123.9% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Mongolia?
- The lowest recorded value was 72.9% in 2015.
- How does Mongolia rank for merchandise trade as a proportion of gdp?
- Mongolia ranks 20th out of 188 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Mongolia?
- Over the last ten years it is up 27.8%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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