Services, Debit/Expenditure in Mongolia
Mongolia: Services, Debit/Expenditure was 4.92 billion in 2024. ◆ Volatile
Services, Debit/Expenditure in Mongolia, 2005–2024
Source: International Monetary Fund.
Analysis
Mongolia recorded 4.92 billion for services, debit/expenditure in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 17.8% on the previous year and up 159.5% over ten years.
Over the whole period, services, debit/expenditure in Mongolia peaked at 4.92 billion in 2024 and was at its lowest, 400.84 million, in 2005.
That places Mongolia 94th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, Debit/Expenditure in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 400.84 million | — |
| 2006 | 418.60 million | +4.4% |
| 2007 | 464.36 million | +10.9% |
| 2008 | 628.60 million | +35.4% |
| 2009 | 571.41 million | -9.1% |
| 2010 | 788.71 million | +38.0% |
| 2011 | 1.37 billion | +73.6% |
| 2012 | 2.08 billion | +51.7% |
| 2013 | 2.00 billion | -3.8% |
| 2014 | 1.90 billion | -5.1% |
| 2015 | 1.40 billion | -25.9% |
| 2016 | 2.14 billion | +52.3% |
| 2017 | 2.18 billion | +1.8% |
| 2018 | 2.61 billion | +19.6% |
| 2019 | 3.22 billion | +23.7% |
| 2020 | 2.11 billion | -34.7% |
| 2021 | 2.49 billion | +18.3% |
| 2022 | 3.49 billion | +40.2% |
| 2023 | 4.18 billion | +19.7% |
| 2024 | 4.92 billion | +17.8% |
Mongolia compared with similar countries
- Mongolia's 4.92 billion is above the median for upper middle income countries, which is 4.11 billion, 1.2× the median. (54 countries reporting)
- Mongolia's 4.92 billion is above the median for East Asia & Pacific, which is 2.40 billion, 2.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 496.76 million | 400.84 million | 628.60 million | 5 |
| 2010s | 1.97 billion | 788.71 million | 3.22 billion | 10 |
| 2020s | 3.44 billion | 2.11 billion | 4.92 billion | 5 |
Countries ranked near Mongolia
More trade data for Mongolia
- Commodity Net Export Price Index, Individual Commodities Weighted by 103.39 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 103.66 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 100.61 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 95.15 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.06 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 67.61 (2025)
- Imports of low carbon technology products, Percent of GDP 3.13 (2023)
- Imports of low carbon technology products, US dollar (World), per 182.49 units per person (2023)
- Imports of low carbon technology products, US dollar (World), per 0.0313 units per US$ of GDP (2023)
- Exports of low carbon technology products, US dollar (World), gaps 7.85 million (2023)
Frequently asked questions
- What is services, debit/expenditure in Mongolia?
- Services, debit/expenditure in Mongolia was 4.92 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Mongolia?
- The highest recorded value was 4.92 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Mongolia?
- The lowest recorded value was 400.84 million in 2005.
- How does Mongolia rank for services, debit/expenditure?
- Mongolia ranks 94th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Mongolia?
- Over the last ten years it is up 159.5%. 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, Debit/Expenditure (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.