Primary income payments in Mongolia
Mongolia: Primary income payments was 3.23 billion BoP, current US$ in 2024. ◆ Volatile
Primary income payments in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, primary income payments in Mongolia stood at 3.23 billion BoP, current US$. That is the highest value across all 44 years on record.
The figure is up 20.2% on the previous year and up 213.7% over ten years.
Over the whole period, primary income payments in Mongolia peaked at 3.23 billion BoP, current US$ in 2024 and was at its lowest, 1.80 million BoP, current US$, in 1986.
That places Mongolia 92nd out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments in Mongolia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1981 | 11.10 million BoP, current US$ | — |
| 1982 | 20.60 million BoP, current US$ | +85.6% |
| 1983 | 31.10 million BoP, current US$ | +51.0% |
| 1984 | 39.10 million BoP, current US$ | +25.7% |
| 1985 | 45.10 million BoP, current US$ | +15.3% |
| 1986 | 1.80 million BoP, current US$ | -96.0% |
| 1987 | 11.50 million BoP, current US$ | +538.9% |
| 1988 | 34.40 million BoP, current US$ | +199.1% |
| 1989 | 56.40 million BoP, current US$ | +64.0% |
| 1990 | 48.70 million BoP, current US$ | -13.7% |
| 1991 | 4.90 million BoP, current US$ | -89.9% |
| 1992 | 27.10 million BoP, current US$ | +453.1% |
| 1993 | 21.00 million BoP, current US$ | -22.5% |
| 1994 | 22.60 million BoP, current US$ | +7.6% |
| 1995 | 28.40 million BoP, current US$ | +25.7% |
| 1996 | 26.70 million BoP, current US$ | -6.0% |
| 1997 | 18.10 million BoP, current US$ | -32.2% |
| 1998 | 9.70 million BoP, current US$ | -46.4% |
| 1999 | 6.56 million BoP, current US$ | -32.4% |
| 2000 | 19.46 million BoP, current US$ | +196.8% |
| 2001 | 16.84 million BoP, current US$ | -13.4% |
| 2002 | 18.69 million BoP, current US$ | +11.0% |
| 2003 | 25.35 million BoP, current US$ | +35.7% |
| 2004 | 27.61 million BoP, current US$ | +8.9% |
| 2005 | 62.46 million BoP, current US$ | +126.2% |
| 2006 | 60.05 million BoP, current US$ | -3.9% |
| 2007 | 151.00 million BoP, current US$ | +151.4% |
| 2008 | 189.28 million BoP, current US$ | +25.4% |
| 2009 | 219.75 million BoP, current US$ | +16.1% |
| 2010 | 627.08 million BoP, current US$ | +185.4% |
| 2011 | 1.29 billion BoP, current US$ | +105.1% |
| 2012 | 1.23 billion BoP, current US$ | -4.6% |
| 2013 | 1.01 billion BoP, current US$ | -17.3% |
| 2014 | 1.03 billion BoP, current US$ | +1.4% |
| 2015 | 1.03 billion BoP, current US$ | -0.1% |
| 2016 | 979.55 million BoP, current US$ | -4.8% |
| 2017 | 1.69 billion BoP, current US$ | +72.4% |
| 2018 | 1.65 billion BoP, current US$ | -2.5% |
| 2019 | 1.96 billion BoP, current US$ | +19.2% |
| 2020 | 1.59 billion BoP, current US$ | -18.8% |
| 2021 | 2.52 billion BoP, current US$ | +58.2% |
| 2022 | 1.96 billion BoP, current US$ | -22.4% |
| 2023 | 2.69 billion BoP, current US$ | +37.2% |
| 2024 | 3.23 billion BoP, current US$ | +20.2% |
Mongolia compared with similar countries
- Mongolia's 3.23 billion BoP, current US$ is above the median for upper middle income countries, which is 3.01 billion BoP, current US$, 1.1× the median. (57 countries reporting)
- Mongolia's 3.23 billion BoP, current US$ is above the median for East Asia & Pacific, which is 1.58 billion BoP, current US$, 2.0× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Primary income payments in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +538.9% | 1.80 million BoP, current US$ | 11.50 million BoP, current US$ |
| 1992 | +453.1% | 4.90 million BoP, current US$ | 27.10 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 27.90 million BoP, current US$ | 1.80 million BoP, current US$ | 56.40 million BoP, current US$ | 9 |
| 1990s | 21.38 million BoP, current US$ | 4.90 million BoP, current US$ | 48.70 million BoP, current US$ | 10 |
| 2000s | 79.05 million BoP, current US$ | 16.84 million BoP, current US$ | 219.75 million BoP, current US$ | 10 |
| 2010s | 1.25 billion BoP, current US$ | 627.08 million BoP, current US$ | 1.96 billion BoP, current US$ | 10 |
| 2020s | 2.40 billion BoP, current US$ | 1.59 billion BoP, current US$ | 3.23 billion BoP, 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is primary income payments in Mongolia?
- Primary income payments in Mongolia was 3.23 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Mongolia?
- The highest recorded value was 3.23 billion BoP, current US$ in 2024.
- What is the lowest primary income payments recorded in Mongolia?
- The lowest recorded value was 1.80 million BoP, current US$ in 1986.
- How does Mongolia rank for primary income payments?
- Mongolia ranks 92nd out of 200 countries with data for 2024.
- Is primary income payments rising or falling in Mongolia?
- Over the last ten years it is up 213.7%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.