Service exports in Mongolia
Mongolia: Service exports was 1.60 billion BoP, current US$ in 2024. ◆ Volatile
Service exports in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service exports in Mongolia is 1.60 billion BoP, current US$, measured in 2024. That is the highest value across all 44 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 164.3% over ten years.
Over the whole period, service exports in Mongolia peaked at 1.60 billion BoP, current US$ in 2024 and was at its lowest, 26.00 million BoP, current US$, in 1993.
Mongolia ranks 117th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 63.08 million BoP, current US$ | 36.40 million BoP, current US$ | 94.30 million BoP, current US$ | 9 |
| 1990s | 49.54 million BoP, current US$ | 26.00 million BoP, current US$ | 77.90 million BoP, current US$ | 10 |
| 2000s | 333.28 million BoP, current US$ | 77.51 million BoP, current US$ | 573.79 million BoP, current US$ | 10 |
| 2010s | 780.03 million BoP, current US$ | 485.81 million BoP, current US$ | 1.23 billion BoP, current US$ | 10 |
| 2020s | 1.16 billion BoP, current US$ | 654.92 million BoP, current US$ | 1.60 billion BoP, current US$ | 5 |
Countries ranked near Mongolia
More economy & growth data for Mongolia
- External balance on goods and services as a percent of GDP 5.4% (2025)
- Inflation of consumer prices 8.6% (2025)
- GDP per capita 4,882 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 5.9% (2025)
- Gross domestic product (GDP) 17.42 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 4,882 constant 2015 US$ (2025)
- DEC alternative conversion factor 3,545 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 355.63 million current US$ (2025)
- Taxes less subsidies on products 8.52 trillion current LCU (2025)
Frequently asked questions
- What is service exports in Mongolia?
- Service exports in Mongolia was 1.60 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Mongolia?
- The highest recorded value was 1.60 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Mongolia?
- The lowest recorded value was 26.00 million BoP, current US$ in 1993.
- How does Mongolia rank for service exports?
- Mongolia ranks 117th out of 198 countries with data for 2024.
- Is service exports rising or falling in Mongolia?
- Over the last ten years it is up 164.3%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Exports of services are services provided by residents to non-residents. 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.