Volume of remittances (in United States dollars) as a proportion of in Mongolia
Mongolia: Volume of remittances (in United States dollars) as a proportion of was 2.2% in 2024. ◆ Volatile
Volume of remittances (in United States dollars) as a proportion of in Mongolia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Mongolia recorded 2.2% for volume of remittances (in united states dollars) as a proportion of in 2024.
The figure is down 1.0% on the previous year and up 6.3% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Mongolia peaked at 10.2% in 2004 and was at its lowest, 0.1%, in 2000.
Mongolia ranks 108th of 203 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.
Volume of remittances (in United States dollars) as a proportion of in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 0.1% | — |
| 2001 | 2.1% | +2072.5% |
| 2002 | 4.9% | +133.7% |
| 2003 | 5.0% | +1.1% |
| 2004 | 10.2% | +104.4% |
| 2005 | 7.0% | -31.0% |
| 2006 | 4.5% | -35.2% |
| 2007 | 4.2% | -7.5% |
| 2008 | 4.0% | -5.0% |
| 2009 | 4.4% | +9.0% |
| 2010 | 3.7% | -15.0% |
| 2011 | 2.4% | -35.2% |
| 2012 | 2.6% | +9.8% |
| 2013 | 2.0% | -22.4% |
| 2014 | 2.1% | +2.1% |
| 2015 | 2.2% | +7.6% |
| 2016 | 2.3% | +3.5% |
| 2017 | 2.4% | +2.4% |
| 2018 | 3.3% | +40.4% |
| 2019 | 3.9% | +18.1% |
| 2020 | 4.1% | +4.4% |
| 2021 | 3.1% | -25.2% |
| 2022 | 2.3% | -24.5% |
| 2023 | 2.2% | -3.8% |
| 2024 | 2.2% | -1.0% |
Mongolia compared with similar countries
- Mongolia's 2.2% is below the median for upper middle income countries, which is 3.6%, 61% of the median. (53 countries reporting)
- Mongolia's 2.2% is below the median for East Asia & Pacific, which is 3.8%, 59% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of 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 |
|---|---|---|---|
| 2001 | +2072.5% | 0.1% | 2.1% |
| 2002 | +133.7% | 2.1% | 4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.6% | 0.1% | 10.2% | 10 |
| 2010s | 2.7% | 2.0% | 3.9% | 10 |
| 2020s | 2.8% | 2.2% | 4.1% | 5 |
Countries ranked near Mongolia
- 105 Bulgaria 2.3% compare
- 106 Bolivia (Plurinational State of) 2.3% compare
- 107 Belgium 2.3% compare
- 109 Slovakia 2.1% compare
- 110 Côte d'Ivoire 2.0% compare
- 110 Côte d'Ivoire 2.0% 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 volume of remittances (in united states dollars) as a proportion of in Mongolia?
- Volume of remittances (in united states dollars) as a proportion of in Mongolia was 2.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Mongolia?
- The highest recorded value was 10.2% in 2004.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Mongolia?
- The lowest recorded value was 0.1% in 2000.
- How does Mongolia rank for volume of remittances (in united states dollars) as a proportion of?
- Mongolia ranks 108th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Mongolia?
- Over the last ten years it is up 6.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
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