Trade in services (% of GDP) in Mongolia
Mongolia: Trade in services (% of GDP) was 26.5% in 2025. ◆ Volatile
Trade in services in Mongolia, 1981–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Mongolia is 26.5%, measured in 2025.
The figure is down 3.3% on the previous year and up 47.2% over ten years.
Over the whole period, trade in services in Mongolia peaked at 38.8% in 2004 and was at its lowest, 3.0%, in 1981.
That places Mongolia 84th out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Trade in services (% of GDP) in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 3.0% | — |
| 1982 | 3.5% | +16.4% |
| 1983 | 3.6% | +4.2% |
| 1984 | 4.4% | +23.5% |
| 1985 | 5.0% | +13.1% |
| 1986 | 9.5% | +89.8% |
| 1987 | 9.7% | +1.7% |
| 1988 | 9.8% | +1.3% |
| 1989 | 7.1% | -27.4% |
| 1990 | 7.1% | -0.3% |
| 1991 | 3.5% | -50.9% |
| 1992 | 7.4% | +111.0% |
| 1993 | 11.1% | +51.2% |
| 1994 | 14.8% | +32.6% |
| 1995 | 10.5% | -28.8% |
| 1996 | 12.5% | +19.1% |
| 1997 | 13.4% | +6.7% |
| 1998 | 20.1% | +50.1% |
| 1999 | 20.1% | +0.2% |
| 2000 | 21.1% | +5.1% |
| 2001 | 25.1% | +18.9% |
| 2002 | 32.3% | +28.5% |
| 2003 | 34.2% | +5.8% |
| 2004 | 38.8% | +13.5% |
| 2005 | 32.3% | -16.7% |
| 2006 | 26.5% | -18.0% |
| 2007 | 24.5% | -7.5% |
| 2008 | 20.4% | -16.7% |
| 2009 | 21.6% | +5.7% |
| 2010 | 17.7% | -17.8% |
| 2011 | 18.2% | +2.4% |
| 2012 | 22.2% | +22.3% |
| 2013 | 21.4% | -3.8% |
| 2014 | 20.5% | -4.1% |
| 2015 | 18.0% | -12.0% |
| 2016 | 26.3% | +46.0% |
| 2017 | 27.4% | +4.2% |
| 2018 | 28.6% | +4.3% |
| 2019 | 31.4% | +9.8% |
| 2020 | 20.7% | -33.9% |
| 2021 | 21.6% | +4.3% |
| 2022 | 27.0% | +24.8% |
| 2023 | 28.4% | +5.2% |
| 2024 | 27.4% | -3.3% |
| 2025 | 26.5% | -3.3% |
Mongolia compared with similar countries
- Mongolia's 26.5% is above the median for upper middle income countries, which is 26.5%, 1.0× the median. (57 countries reporting)
- Mongolia's 26.5% is above the median for East Asia & Pacific, which is 26.5%, 1.0× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Trade in services (% of GDP) 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 |
|---|---|---|---|
| 1992 | +111.0% | 3.5% | 7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.2% | 3.0% | 9.8% | 9 |
| 1990s | 12.0% | 3.5% | 20.1% | 10 |
| 2000s | 27.7% | 20.4% | 38.8% | 10 |
| 2010s | 23.2% | 17.7% | 31.4% | 10 |
| 2020s | 25.3% | 20.7% | 28.4% | 6 |
Countries ranked near Mongolia
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 trade in services in Mongolia?
- Trade in services in Mongolia was 26.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Mongolia?
- The highest recorded value was 38.8% in 2004.
- What is the lowest trade in services recorded in Mongolia?
- The lowest recorded value was 3.0% in 1981.
- How does Mongolia rank for trade in services?
- Mongolia ranks 84th out of 200 countries with data for 2025.
- Is trade in services rising or falling in Mongolia?
- Over the last ten years it is up 47.2%. 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 Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.