Services balance (credit less debit), Net (credits less debits) in Mongolia
Mongolia: Services balance (credit less debit), Net (credits less debits) was -3.32 billion in 2024. β Volatile
Services balance (credit less debit), Net (credits less debits) in Mongolia, 2005β2024
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Mongolia is -3.32 billion, measured in 2024. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 28.0% on the previous year and down 157.3% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Mongolia peaked at 109.44 million in 2007 and was at its lowest, -3.32 billion, in 2024.
Mongolia ranks 161st of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -14.56 million | -153.81 million | 109.44 million | 5 |
| 2010s | -1.19 billion | -1.99 billion | -302.91 million | 10 |
| 2020s | -2.28 billion | -3.32 billion | -1.45 billion | 5 |
Countries ranked near Mongolia
More financial sector data for Mongolia
- Net domestic credit (current LCU), per capita 10.28 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1,523 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 20.69 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 8.78 million SDR (2025)
- Gold reserves at market value 800.18 million SDR (2025)
- Reserves excluding gold, foreign exchange 4.24 billion SDR (2025)
- Reserves excluding gold 4.31 billion SDR (2025)
- Total reserves (gold at market value) 5.11 billion SDR (2025)
- Total reserves (gold at national valuation) 5.12 billion SDR (2025)
- Domestic credit to private sector by banks 48.5% (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Mongolia?
- Services balance (credit less debit), net (credits less debits) in Mongolia was -3.32 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Mongolia?
- The highest recorded value was 109.44 million in 2007.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Mongolia?
- The lowest recorded value was -3.32 billion in 2024.
- How does Mongolia rank for services balance (credit less debit), net (credits less debits)?
- Mongolia ranks 161st out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Mongolia?
- Over the last ten years it is down 157.3%. 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 Services 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.