Service imports in Mongolia
Mongolia: Service imports was 4.92 billion BoP, current US$ in 2024. ◆ Volatile
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$, in 1981.
Mongolia ranks 93rd of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 114.26 million BoP, current US$ | 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
- 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 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 198 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.