Remittance inflows to GDP in Mongolia
Mongolia: Remittance inflows to GDP was 4.1% in 2020. ◆ Volatile
Remittance inflows to GDP in Mongolia, 1998–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
The most recent figure for remittance inflows to gdp in Mongolia is 4.1%, measured in 2020.
That represents a change of up 4.4% on the previous year and up 11.3% over ten years.
Over the whole period, remittance inflows to gdp in Mongolia peaked at 10.2% in 2004 and was at its lowest, 0.1%, in 2000.
That places Mongolia 68th out of 195 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | 0.5% | 0.7% | 2 |
| 2000s | 4.6% | 0.1% | 10.2% | 10 |
| 2010s | 2.7% | 2.0% | 3.9% | 10 |
| 2020s | 4.1% | 4.1% | 4.1% | 1 |
Countries ranked near Mongolia
- 65 Sierra Leone 4.4% compare
- 66 Suriname 4.3% compare
- 67 Sint Maarten (Dutch part) 4.3% compare
- 69 Nigeria 4.0% compare
- 70 Mexico 3.9% compare
- 71 Afghanistan 3.9% compare
More financial sector data for Mongolia
- Domestic credit to private sector by banks 48.5% (2025)
- Total reserves in months of imports 3.33 (2024)
- Net domestic credit 36.24 trillion current LCU (2024)
- Net foreign assets 8.60 trillion current LCU (2024)
- Monetary Sector credit to private sector 44.9% (2024)
- Broad money 53.7% (2024)
- Claims on central government, etc. -8.3% (2024)
- Domestic credit to private sector 44.9% (2024)
- Official exchange rate 3,545 LCU per US$, period average (2025)
- Net migration 79 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Mongolia?
- Remittance inflows to gdp in Mongolia was 4.1% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Mongolia?
- The highest recorded value was 10.2% in 2004.
- What is the lowest remittance inflows to gdp recorded in Mongolia?
- The lowest recorded value was 0.1% in 2000.
- How does Mongolia rank for remittance inflows to gdp?
- Mongolia ranks 68th out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Mongolia?
- Over the last ten years it is up 11.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.