Service imports in Mongolia
Mongolia: Service imports was 4.92 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
4.92 billion BoP, current US$
Change on year
up 17.8%
World rank
93rd
of 200 countries
All-time high
4.92 billion BoP, current US$
in 2024
All-time low
31.20 million BoP, current US$
in 1981
Years of data
44
1981–2024
Service imports in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, service imports in Mongolia stood at 4.92 billion BoP, current US$. That is the highest value across all 44 years on record.
That represents a change of up 17.8% on the previous year and up 159.5% over ten years.
Over the whole period, service imports in Mongolia peaked at 4.92 billion BoP, current US$ in 2024 and was at its lowest, 31.20 million BoP, current US$, in 1981.
Mongolia ranks 93rd of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports in Mongolia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1981 | 31.20 million BoP, current US$ | — |
| 1982 | 39.60 million BoP, current US$ | +26.9% |
| 1983 | 42.70 million BoP, current US$ | +7.8% |
| 1984 | 40.60 million BoP, current US$ | -4.9% |
| 1985 | 39.70 million BoP, current US$ | -2.2% |
| 1986 | 191.80 million BoP, current US$ | +383.1% |
| 1987 | 203.70 million BoP, current US$ | +6.2% |
| 1988 | 220.30 million BoP, current US$ | +8.1% |
| 1989 | 218.72 million BoP, current US$ | -0.7% |
| 1990 | 134.04 million BoP, current US$ | -38.7% |
| 1991 | 56.55 million BoP, current US$ | -57.8% |
| 1992 | 62.24 million BoP, current US$ | +10.1% |
| 1993 | 59.55 million BoP, current US$ | -4.3% |
| 1994 | 91.26 million BoP, current US$ | +53.2% |
| 1995 | 95.40 million BoP, current US$ | +4.5% |
| 1996 | 112.80 million BoP, current US$ | +18.2% |
| 1997 | 105.10 million BoP, current US$ | -6.8% |
| 1998 | 147.70 million BoP, current US$ | +40.5% |
| 1999 | 141.60 million BoP, current US$ | -4.1% |
| 2000 | 162.70 million BoP, current US$ | +14.9% |
| 2001 | 205.01 million BoP, current US$ | +26.0% |
| 2002 | 266.39 million BoP, current US$ | +29.9% |
| 2003 | 337.17 million BoP, current US$ | +26.6% |
| 2004 | 434.40 million BoP, current US$ | +28.8% |
| 2005 | 400.84 million BoP, current US$ | -7.7% |
| 2006 | 418.60 million BoP, current US$ | +4.4% |
| 2007 | 464.36 million BoP, current US$ | +10.9% |
| 2008 | 628.60 million BoP, current US$ | +35.4% |
| 2009 | 571.41 million BoP, current US$ | -9.1% |
| 2010 | 788.71 million BoP, current US$ | +38.0% |
| 2011 | 1.37 billion BoP, current US$ | +73.6% |
| 2012 | 2.08 billion BoP, current US$ | +51.7% |
| 2013 | 2.00 billion BoP, current US$ | -3.8% |
| 2014 | 1.90 billion BoP, current US$ | -5.1% |
| 2015 | 1.40 billion BoP, current US$ | -25.9% |
| 2016 | 2.14 billion BoP, current US$ | +52.3% |
| 2017 | 2.18 billion BoP, current US$ | +1.8% |
| 2018 | 2.61 billion BoP, current US$ | +19.6% |
| 2019 | 3.22 billion BoP, current US$ | +23.7% |
| 2020 | 2.11 billion BoP, current US$ | -34.7% |
| 2021 | 2.49 billion BoP, current US$ | +18.3% |
| 2022 | 3.49 billion BoP, current US$ | +40.2% |
| 2023 | 4.18 billion BoP, current US$ | +19.7% |
| 2024 | 4.92 billion BoP, current US$ | +17.8% |
Mongolia compared with similar countries
- Mongolia's 4.92 billion BoP, current US$ is above the median for upper middle income countries, which is 3.94 billion BoP, current US$, 1.2× the median. (57 countries reporting)
- Mongolia's 4.92 billion BoP, current US$ is above the median for East Asia & Pacific, which is 2.40 billion BoP, current US$, 2.1× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service imports in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1986 | +383.1% | 39.70 million BoP, current US$ | 191.80 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 114.26 million BoP, current US$ | 31.20 million BoP, current US$ | 220.30 million BoP, current US$ | 9 |
| 1990s | 100.62 million BoP, current US$ | 56.55 million BoP, current US$ | 147.70 million BoP, current US$ | 10 |
| 2000s | 388.95 million BoP, current US$ | 162.70 million BoP, current US$ | 628.60 million BoP, current US$ | 10 |
| 2010s | 1.97 billion BoP, current US$ | 788.71 million BoP, current US$ | 3.22 billion BoP, current US$ | 10 |
| 2020s | 3.44 billion BoP, current US$ | 2.11 billion BoP, current US$ | 4.92 billion BoP, current US$ | 5 |
Countries ranked near Mongolia
- 90 Ethiopia 5.51 billion BoP, current US$ compare
- 91 Democratic Republic of Congo 5.02 billion BoP, current US$ compare
- 92 Guyana 4.95 billion BoP, current US$ compare
- 94 Armenia 4.65 billion BoP, current US$ compare
- 95 Albania 4.55 billion BoP, current US$ compare
- 96 Uganda 4.45 billion BoP, current US$ 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is service imports in Mongolia?
- Service imports in Mongolia was 4.92 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service imports recorded in Mongolia?
- The highest recorded value was 4.92 billion BoP, current US$ in 2024.
- What is the lowest service imports recorded in Mongolia?
- The lowest recorded value was 31.20 million BoP, current US$ in 1981.
- How does Mongolia rank for service imports?
- Mongolia ranks 93rd out of 200 countries with data for 2024.
- Is service imports rising or falling in Mongolia?
- Over the last ten years it is up 159.5%. 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 imports (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
Imports of services are services provided by non-residents to 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.