Services, value added in Mongolia
Mongolia: Services, value added was 8.53 billion constant 2015 US$ in 2025. ▲ Rising
Services, value added in Mongolia, 2010–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Mongolia is 8.53 billion constant 2015 US$, measured in 2025. That is the highest value across all 16 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 59.0% over ten years.
Over the whole period, services, value added in Mongolia peaked at 8.53 billion constant 2015 US$ in 2025 and was at its lowest, 3.53 billion constant 2015 US$, in 2010.
Mongolia ranks 127th of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 16 years of available data.
Services, value added in Mongolia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2010 | 3.53 billion constant 2015 US$ | — |
| 2011 | 4.16 billion constant 2015 US$ | +17.8% |
| 2012 | 4.59 billion constant 2015 US$ | +10.3% |
| 2013 | 4.95 billion constant 2015 US$ | +7.8% |
| 2014 | 5.33 billion constant 2015 US$ | +7.8% |
| 2015 | 5.36 billion constant 2015 US$ | +0.6% |
| 2016 | 5.51 billion constant 2015 US$ | +2.7% |
| 2017 | 5.90 billion constant 2015 US$ | +7.1% |
| 2018 | 6.20 billion constant 2015 US$ | +5.1% |
| 2019 | 6.60 billion constant 2015 US$ | +6.4% |
| 2020 | 6.16 billion constant 2015 US$ | -6.5% |
| 2021 | 6.41 billion constant 2015 US$ | +3.9% |
| 2022 | 6.85 billion constant 2015 US$ | +6.9% |
| 2023 | 7.53 billion constant 2015 US$ | +9.9% |
| 2024 | 8.36 billion constant 2015 US$ | +11.0% |
| 2025 | 8.53 billion constant 2015 US$ | +2.0% |
Mongolia compared with similar countries
- Mongolia's 8.53 billion constant 2015 US$ is below the median for upper middle income countries, which is 26.58 billion constant 2015 US$, 32% of the median. (58 countries reporting)
- Mongolia's 8.53 billion constant 2015 US$ is below the median for East Asia & Pacific, which is 14.44 billion constant 2015 US$, 59% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.21 billion constant 2015 US$ | 3.53 billion constant 2015 US$ | 6.60 billion constant 2015 US$ | 10 |
| 2020s | 7.31 billion constant 2015 US$ | 6.16 billion constant 2015 US$ | 8.53 billion constant 2015 US$ | 6 |
Countries ranked near Mongolia
- 124 Mozambique 8.72 billion constant 2015 US$ compare
- 125 Burkina Faso 8.68 billion constant 2015 US$ compare
- 126 Syria 8.65 billion constant 2015 US$ compare
- 128 Albania 7.97 billion constant 2015 US$ compare
- 129 Nicaragua 7.76 billion constant 2015 US$ compare
- 130 Haiti 7.70 billion constant 2015 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Mongolia?
- Services, value added in Mongolia was 8.53 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Mongolia?
- The highest recorded value was 8.53 billion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Mongolia?
- The lowest recorded value was 3.53 billion constant 2015 US$ in 2010.
- How does Mongolia rank for services, value added?
- Mongolia ranks 127th out of 196 countries with data for 2025.
- Is services, value added rising or falling in Mongolia?
- Over the last ten years it is up 59.0%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.