Goods balance (credit less debit), Net (credits less debits) (US) in Mongolia
Mongolia: Goods balance (credit less debit), Net (credits less debits) (US) was 3.08 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Mongolia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, goods balance (credit less debit), net (credits less debits) in Mongolia stood at 3.08 billion.
That represents a change of down 32.3% on the previous year and up 1,634.0% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Mongolia peaked at 4.55 billion in 2023 and was at its lowest, -3.03 billion, in 2012.
That places Mongolia 50th out of 198 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) (US) in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -99.50 million | — |
| 2006 | 136.19 million | -236.9% |
| 2007 | -52.42 million | -138.5% |
| 2008 | -629.47 million | +1100.8% |
| 2009 | -178.20 million | -71.7% |
| 2010 | -172.01 million | -3.5% |
| 2011 | -2.67 billion | +1451.7% |
| 2012 | -3.03 billion | +13.5% |
| 2013 | -2.61 billion | -13.9% |
| 2014 | 177.71 million | -106.8% |
| 2015 | 562.60 million | +216.6% |
| 2016 | 1.34 billion | +137.8% |
| 2017 | 1.49 billion | +11.4% |
| 2018 | 685.25 million | -54.0% |
| 2019 | 1.16 billion | +69.0% |
| 2020 | 1.76 billion | +51.6% |
| 2021 | 1.37 billion | -22.0% |
| 2022 | 1.23 billion | -10.0% |
| 2023 | 4.55 billion | +269.1% |
| 2024 | 3.08 billion | -32.3% |
Mongolia compared with similar countries
- Mongolia's 3.08 billion is above the median for upper middle income countries, which is -778.45 million. (54 countries reporting)
- Mongolia's 3.08 billion is above the median for East Asia & Pacific, which is -98.47 million. (33 countries reporting)
Biggest year-on-year movements
Years where Goods balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2011 | -1451.7% | -172.01 million | -2.67 billion |
| 2008 | -1100.8% | -52.42 million | -629.47 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -164.68 million | -629.47 million | 136.19 million | 5 |
| 2010s | -306.79 million | -3.03 billion | 1.49 billion | 10 |
| 2020s | 2.40 billion | 1.23 billion | 4.55 billion | 5 |
Countries ranked near Mongolia
More financial sector data for Mongolia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.13 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.13 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Mongolia?
- Goods balance (credit less debit), net (credits less debits) in Mongolia was 3.08 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Mongolia?
- The highest recorded value was 4.55 billion in 2023.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Mongolia?
- The lowest recorded value was -3.03 billion in 2012.
- How does Mongolia rank for goods balance (credit less debit), net (credits less debits)?
- Mongolia ranks 50th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Mongolia?
- Over the last ten years it is up 1,634.0%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.