Share of service in total exports in Mongolia
Mongolia: Share of service in total exports was 14.75 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
14.75 billion BoP, current US$
Change on year
up 6.0%
World rank
86th
of 198 countries
All-time high
14.75 billion BoP, current US$
in 2024
All-time low
346.50 million BoP, current US$
in 1991
Years of data
44
1981–2024
Share of service in total exports in Mongolia, 1981–2024
Source: International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data. Measured in BoP, current US$.
Analysis
Mongolia recorded 14.75 billion BoP, current US$ for share of service in total exports in 2024. That is the highest value across all 44 years on record.
That represents a change of up 6.0% on the previous year and up 169.6% over ten years.
Over the whole period, share of service in total exports in Mongolia peaked at 14.75 billion BoP, current US$ in 2024 and was at its lowest, 346.50 million BoP, current US$, in 1991.
That places Mongolia 86th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Share of service in total exports in Mongolia, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1981 | 438.10 million BoP, current US$ | — |
| 1982 | 518.60 million BoP, current US$ | +18.4% |
| 1983 | 556.80 million BoP, current US$ | +7.4% |
| 1984 | 596.20 million BoP, current US$ | +7.1% |
| 1985 | 566.90 million BoP, current US$ | -4.9% |
| 1986 | 740.90 million BoP, current US$ | +30.7% |
| 1987 | 817.10 million BoP, current US$ | +10.3% |
| 1988 | 829.10 million BoP, current US$ | +1.5% |
| 1989 | 795.80 million BoP, current US$ | -4.0% |
| 1990 | 444.80 million BoP, current US$ | -44.1% |
| 1991 | 346.50 million BoP, current US$ | -22.1% |
| 1992 | 355.80 million BoP, current US$ | +2.7% |
| 1993 | 365.80 million BoP, current US$ | +2.8% |
| 1994 | 367.00 million BoP, current US$ | +0.3% |
| 1995 | 451.00 million BoP, current US$ | +22.9% |
| 1996 | 423.40 million BoP, current US$ | -6.1% |
| 1997 | 568.50 million BoP, current US$ | +34.3% |
| 1998 | 462.30 million BoP, current US$ | -18.7% |
| 1999 | 454.24 million BoP, current US$ | -1.7% |
| 2000 | 535.83 million BoP, current US$ | +18.0% |
| 2001 | 523.16 million BoP, current US$ | -2.4% |
| 2002 | 523.95 million BoP, current US$ | +0.2% |
| 2003 | 627.30 million BoP, current US$ | +19.7% |
| 2004 | 872.06 million BoP, current US$ | +39.0% |
| 2005 | 1.07 billion BoP, current US$ | +22.3% |
| 2006 | 1.54 billion BoP, current US$ | +44.8% |
| 2007 | 1.95 billion BoP, current US$ | +26.3% |
| 2008 | 2.51 billion BoP, current US$ | +28.6% |
| 2009 | 1.88 billion BoP, current US$ | -25.0% |
| 2010 | 2.91 billion BoP, current US$ | +54.6% |
| 2011 | 4.06 billion BoP, current US$ | +39.5% |
| 2012 | 3.80 billion BoP, current US$ | -6.3% |
| 2013 | 3.79 billion BoP, current US$ | -0.3% |
| 2014 | 5.47 billion BoP, current US$ | +44.4% |
| 2015 | 4.45 billion BoP, current US$ | -18.7% |
| 2016 | 4.80 billion BoP, current US$ | +8.0% |
| 2017 | 5.83 billion BoP, current US$ | +21.4% |
| 2018 | 6.56 billion BoP, current US$ | +12.4% |
| 2019 | 7.18 billion BoP, current US$ | +9.6% |
| 2020 | 6.99 billion BoP, current US$ | -2.7% |
| 2021 | 8.14 billion BoP, current US$ | +16.4% |
| 2022 | 9.85 billion BoP, current US$ | +21.1% |
| 2023 | 13.91 billion BoP, current US$ | +41.2% |
| 2024 | 14.75 billion BoP, current US$ | +6.0% |
Mongolia compared with similar countries
- Mongolia's 14.75 billion BoP, current US$ is above the median for upper middle income countries, which is 13.03 billion BoP, current US$, 1.1× the median. (56 countries reporting)
- Mongolia's 14.75 billion BoP, current US$ is above the median for East Asia & Pacific, which is 10.29 billion BoP, current US$, 1.4× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 651.06 million BoP, current US$ | 438.10 million BoP, current US$ | 829.10 million BoP, current US$ | 9 |
| 1990s | 423.93 million BoP, current US$ | 346.50 million BoP, current US$ | 568.50 million BoP, current US$ | 10 |
| 2000s | 1.20 billion BoP, current US$ | 523.16 million BoP, current US$ | 2.51 billion BoP, current US$ | 10 |
| 2010s | 4.88 billion BoP, current US$ | 2.91 billion BoP, current US$ | 7.18 billion BoP, current US$ | 10 |
| 2020s | 10.73 billion BoP, current US$ | 6.99 billion BoP, current US$ | 14.75 billion BoP, current US$ | 5 |
Countries ranked near Mongolia
- 83 Uruguay 16.09 billion BoP, current US$ compare
- 84 Dominican Republic 15.96 billion BoP, current US$ compare
- 85 Paraguay 15.42 billion BoP, current US$ compare
- 87 Papua New Guinea 13.40 billion BoP, current US$ compare
- 88 Guatemala 13.33 billion BoP, current US$ compare
- 89 Jordan 13.29 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)
- SDRs holdings, US dollar, annual growth rate -2.15 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 24.74 units per person (2025)
- SDRs holdings, SDR, annual growth rate -6.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 18.07 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -22.42 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0068 units per US$ of GDP (2025)
Frequently asked questions
- What is share of service in total exports in Mongolia?
- Share of service in total exports in Mongolia was 14.75 billion BoP, current US$ in 2024, according to International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data.
- What is the highest share of service in total exports recorded in Mongolia?
- The highest recorded value was 14.75 billion BoP, current US$ in 2024.
- What is the lowest share of service in total exports recorded in Mongolia?
- The lowest recorded value was 346.50 million BoP, current US$ in 1991.
- How does Mongolia rank for share of service in total exports?
- Mongolia ranks 86th out of 198 countries with data for 2024.
- Is share of service in total exports rising or falling in Mongolia?
- Over the last ten years it is up 169.6%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data, published as part of Share of service in total exports. Statizoid updates them automatically from the source API.
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About this data
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.