Services, value added in Mongolia
Mongolia: Services, value added was 16.81 trillion constant LCU in 2025. ▲ Rising
Services, value added in Mongolia, 2010–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for services, value added in Mongolia is 16.81 trillion constant LCU, measured in 2025. That is the highest value across all 16 years on record.
That represents a change of 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 16.81 trillion constant LCU in 2025 and was at its lowest, 6.96 trillion constant LCU, in 2010.
Mongolia ranks 27th of 199 countries on this measure, in the top quarter.
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 LCU | Change |
|---|---|---|
| 2010 | 6.96 trillion constant LCU | — |
| 2011 | 8.20 trillion constant LCU | +17.8% |
| 2012 | 9.04 trillion constant LCU | +10.3% |
| 2013 | 9.75 trillion constant LCU | +7.8% |
| 2014 | 10.50 trillion constant LCU | +7.8% |
| 2015 | 10.57 trillion constant LCU | +0.6% |
| 2016 | 10.86 trillion constant LCU | +2.7% |
| 2017 | 11.63 trillion constant LCU | +7.1% |
| 2018 | 12.22 trillion constant LCU | +5.1% |
| 2019 | 12.99 trillion constant LCU | +6.4% |
| 2020 | 12.15 trillion constant LCU | -6.5% |
| 2021 | 12.63 trillion constant LCU | +3.9% |
| 2022 | 13.50 trillion constant LCU | +6.9% |
| 2023 | 14.84 trillion constant LCU | +9.9% |
| 2024 | 16.47 trillion constant LCU | +11.0% |
| 2025 | 16.81 trillion constant LCU | +2.0% |
Mongolia compared with similar countries
- Mongolia's 16.81 trillion constant LCU is above the median for upper middle income countries, which is 353.44 billion constant LCU, 47.6× the median. (58 countries reporting)
- Mongolia's 16.81 trillion constant LCU is above the median for East Asia & Pacific, which is 409.12 billion constant LCU, 41.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.27 trillion constant LCU | 6.96 trillion constant LCU | 12.99 trillion constant LCU | 10 |
| 2020s | 14.40 trillion constant LCU | 12.15 trillion constant LCU | 16.81 trillion constant LCU | 6 |
Countries ranked near Mongolia
- 24 Cote d'Ivoire 24.68 trillion constant LCU compare
- 25 Pakistan 23.86 trillion constant LCU compare
- 26 Bangladesh 17.37 trillion constant LCU compare
- 28 Mexico 15.39 trillion constant LCU compare
- 29 Philippines 14.81 trillion constant LCU compare
- 30 Cameroon 13.80 trillion constant LCU 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 16.81 trillion constant LCU 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 16.81 trillion constant LCU in 2025.
- What is the lowest services, value added recorded in Mongolia?
- The lowest recorded value was 6.96 trillion constant LCU in 2010.
- How does Mongolia rank for services, value added?
- Mongolia ranks 27th out of 199 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 LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 defence, 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 varies by country. This series is expressed in local currency units.