Travel services in Mongolia
Mongolia: Travel services was 39.6% in 2024. ◆ Volatile
Travel services in Mongolia, 1981–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for travel services in Mongolia is 39.6%, measured in 2024.
Compared with earlier readings it is up 18.4% on the previous year and up 12.0% over ten years.
Over the whole period, travel services in Mongolia peaked at 70.5% in 2002 and was at its lowest, 2.5%, in 2021.
Mongolia ranks 89th 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.
Travel services in Mongolia, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1981 | 8.6% | — |
| 1982 | 7.4% | -13.5% |
| 1983 | 6.5% | -12.3% |
| 1984 | 6.8% | +5.1% |
| 1985 | 4.6% | -33.3% |
| 1986 | 4.2% | -8.9% |
| 1987 | 5.3% | +27.0% |
| 1988 | 5.1% | -3.6% |
| 1989 | 12.1% | +137.5% |
| 1990 | 10.4% | -14.0% |
| 1992 | 9.2% | -11.5% |
| 1993 | 13.5% | +46.4% |
| 1994 | 14.5% | +8.0% |
| 1995 | 36.0% | +147.3% |
| 1996 | 18.0% | -50.1% |
| 1997 | 23.7% | +32.1% |
| 1998 | 44.9% | +89.4% |
| 1999 | 46.3% | +3.0% |
| 2000 | 46.3% | -0.0% |
| 2001 | 34.6% | -25.1% |
| 2002 | 70.5% | +103.4% |
| 2003 | 68.8% | -2.4% |
| 2004 | 54.7% | -20.4% |
| 2005 | 42.7% | -22.1% |
| 2006 | 46.3% | +8.6% |
| 2007 | 53.4% | +15.3% |
| 2008 | 47.5% | -11.0% |
| 2009 | 56.3% | +18.5% |
| 2010 | 50.2% | -10.8% |
| 2011 | 30.0% | -40.4% |
| 2012 | 27.2% | -9.1% |
| 2013 | 28.6% | +5.0% |
| 2014 | 35.4% | +23.7% |
| 2015 | 35.6% | +0.8% |
| 2016 | 39.5% | +10.8% |
| 2017 | 40.9% | +3.7% |
| 2018 | 39.8% | -2.7% |
| 2019 | 41.6% | +4.5% |
| 2020 | 4.5% | -89.2% |
| 2021 | 2.5% | -43.7% |
| 2022 | 22.1% | +776.6% |
| 2023 | 33.4% | +51.3% |
| 2024 | 39.6% | +18.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.7% | 4.2% | 12.1% | 9 |
| 1990s | 24.0% | 9.2% | 46.3% | 9 |
| 2000s | 52.1% | 34.6% | 70.5% | 10 |
| 2010s | 36.9% | 27.2% | 50.2% | 10 |
| 2020s | 20.4% | 2.5% | 39.6% | 5 |
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)
- Exports of goods and services (current LCU), annual growth rate 10.45 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 2,413 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 17.15 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 6.19 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4388 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 3,119 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 9.96 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2802 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is travel services in Mongolia?
- Travel services in Mongolia was 39.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Mongolia?
- The highest recorded value was 70.5% in 2002.
- What is the lowest travel services recorded in Mongolia?
- The lowest recorded value was 2.5% in 2021.
- How does Mongolia rank for travel services?
- Mongolia ranks 89th out of 198 countries with data for 2024.
- Is travel services rising or falling in Mongolia?
- Over the last ten years it is up 12.0%. 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 Travel services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.