Mongolia: Imports of goods and services (% of GDP)
In , Mongolia's Imports of goods and services (% of GDP) was 69.73.
That's up 4.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Mongolia ranks #32 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #10 of 24.
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 74.45
- Trough
- 45.47
- 1-year change
- +4.7%
- 5-year change
- +7.0%
- +1.4% / yr
- 10-year change
- +22.2%
- +2.0% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 69.7318 | |
| 66.6071 | |
| 71.2666 | |
| 60.5492 | |
| 55.1783 | |
| 65.1793 | |
| 68.1911 | |
| 56.7662 | |
| 50.1830 | |
| 45.4696 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Mongolia's Imports of goods and services (% of GDP) in 2024?
- In 2024, Mongolia's Imports of goods and services (% of GDP) was 69.73, according to World Bank Open Data.
- Is Mongolia's Imports of goods and services (% of GDP) rising or falling?
- Mongolia's Imports of goods and services (% of GDP) rose 4.7% from 2023 to 2024.
- How does Mongolia rank globally on Imports of goods and services (% of GDP)?
- In 2024, Mongolia ranked #32 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Mongolia's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Mongolia is above the world average. Within East Asia & Pacific, it ranks #10 of 24.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.