Services, Credit/Revenue in Mongolia
Mongolia: Services, Credit/Revenue was 1.60 billion in 2024. ▲ Rising
Services, Credit/Revenue in Mongolia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services, credit/revenue in Mongolia stood at 1.60 billion. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 1.1% on the previous year and up 164.3% over ten years.
Over the whole period, services, credit/revenue in Mongolia peaked at 1.60 billion in 2024 and was at its lowest, 414.44 million, in 2005.
Mongolia ranks 118th of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 414.44 million | — |
| 2006 | 485.80 million | +17.2% |
| 2007 | 573.79 million | +18.1% |
| 2008 | 519.39 million | -9.5% |
| 2009 | 417.60 million | -19.6% |
| 2010 | 485.81 million | +16.3% |
| 2011 | 520.94 million | +7.2% |
| 2012 | 651.53 million | +25.1% |
| 2013 | 688.76 million | +5.7% |
| 2014 | 607.01 million | -11.9% |
| 2015 | 688.85 million | +13.5% |
| 2016 | 800.88 million | +16.3% |
| 2017 | 966.34 million | +20.7% |
| 2018 | 1.16 billion | +19.8% |
| 2019 | 1.23 billion | +6.5% |
| 2020 | 654.92 million | -46.9% |
| 2021 | 814.47 million | +24.4% |
| 2022 | 1.14 billion | +39.4% |
| 2023 | 1.59 billion | +39.8% |
| 2024 | 1.60 billion | +1.1% |
Mongolia compared with similar countries
- Mongolia's 1.60 billion is below the median for upper middle income countries, which is 5.14 billion, 31% of the median. (54 countries reporting)
- Mongolia's 1.60 billion is above the median for East Asia & Pacific, which is 1.60 billion, 1.0× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 482.20 million | 414.44 million | 573.79 million | 5 |
| 2010s | 780.03 million | 485.81 million | 1.23 billion | 10 |
| 2020s | 1.16 billion | 654.92 million | 1.60 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 services, credit/revenue in Mongolia?
- Services, credit/revenue in Mongolia was 1.60 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Mongolia?
- The highest recorded value was 1.60 billion in 2024.
- What is the lowest services, credit/revenue recorded in Mongolia?
- The lowest recorded value was 414.44 million in 2005.
- How does Mongolia rank for services, credit/revenue?
- Mongolia ranks 118th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Mongolia?
- Over the last ten years it is up 164.3%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (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.