Personal remittances, received in Mongolia
Mongolia: Personal remittances, received was 527.69 million current US$ in 2024. ◆ Volatile
Personal remittances, received in Mongolia, 1998–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for personal remittances, received in Mongolia is 527.69 million current US$, measured in 2024.
The figure is up 15.9% on the previous year and up 106.8% over ten years.
Over the whole period, personal remittances, received in Mongolia peaked at 560.93 million current US$ in 2019 and was at its lowest, 1.10 million current US$, in 2000.
That places Mongolia 122nd out of 197 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1998 | 5.50 million current US$ | — |
| 1999 | 7.87 million current US$ | +43.2% |
| 2000 | 1.10 million current US$ | -86.0% |
| 2001 | 26.68 million current US$ | +2323.0% |
| 2002 | 68.70 million current US$ | +157.4% |
| 2003 | 79.36 million current US$ | +15.5% |
| 2004 | 202.51 million current US$ | +155.2% |
| 2005 | 176.95 million current US$ | -12.6% |
| 2006 | 155.19 million current US$ | -12.3% |
| 2007 | 178.03 million current US$ | +14.7% |
| 2008 | 224.59 million current US$ | +26.2% |
| 2009 | 199.62 million current US$ | -11.1% |
| 2010 | 266.24 million current US$ | +33.4% |
| 2011 | 249.64 million current US$ | -6.2% |
| 2012 | 323.84 million current US$ | +29.7% |
| 2013 | 257.13 million current US$ | -20.6% |
| 2014 | 255.12 million current US$ | -0.8% |
| 2015 | 260.91 million current US$ | +2.3% |
| 2016 | 259.88 million current US$ | -0.4% |
| 2017 | 273.37 million current US$ | +5.2% |
| 2018 | 440.55 million current US$ | +61.2% |
| 2019 | 560.93 million current US$ | +27.3% |
| 2020 | 548.83 million current US$ | -2.2% |
| 2021 | 471.16 million current US$ | -14.2% |
| 2022 | 399.23 million current US$ | -15.3% |
| 2023 | 455.27 million current US$ | +14.0% |
| 2024 | 527.69 million current US$ | +15.9% |
Mongolia compared with similar countries
- Mongolia's 527.69 million current US$ is below the median for upper middle income countries, which is 1.43 billion current US$, 37% of the median. (57 countries reporting)
- Mongolia's 527.69 million current US$ is above the median for East Asia & Pacific, which is 424.19 million current US$, 1.2× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +2323.0% | 1.10 million current US$ | 26.68 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.69 million current US$ | 5.50 million current US$ | 7.87 million current US$ | 2 |
| 2000s | 131.27 million current US$ | 1.10 million current US$ | 224.59 million current US$ | 10 |
| 2010s | 314.76 million current US$ | 249.64 million current US$ | 560.93 million current US$ | 10 |
| 2020s | 480.44 million current US$ | 399.23 million current US$ | 548.83 million current US$ | 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)
- 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is personal remittances, received in Mongolia?
- Personal remittances, received in Mongolia was 527.69 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Mongolia?
- The highest recorded value was 560.93 million current US$ in 2019.
- What is the lowest personal remittances, received recorded in Mongolia?
- The lowest recorded value was 1.10 million current US$ in 2000.
- How does Mongolia rank for personal remittances, received?
- Mongolia ranks 122nd out of 197 countries with data for 2024.
- Is personal remittances, received rising or falling in Mongolia?
- Over the last ten years it is up 106.8%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, received (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.