Mongolia: Trade (% of GDP)
In , Mongolia's Trade (% of GDP) was 138.45.
That's down 3.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Mongolia ranks #25 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #7 of 24.
Source: World Bank Open Data (NE.TRD.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
- 142.86
- Trough
- 89.65
- 1-year change
- -3.1%
- 5-year change
- +11.3%
- +2.2% / yr
- 10-year change
- +26.6%
- +2.4% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 138.4484 | |
| 142.8642 | |
| 136.3279 | |
| 119.0981 | |
| 112.8386 | |
| 124.3965 | |
| 126.3559 | |
| 115.9329 | |
| 101.0552 | |
| 89.6537 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Mongolia's Trade (% of GDP) in 2024?
- In 2024, Mongolia's Trade (% of GDP) was 138.45, according to World Bank Open Data.
- Is Mongolia's Trade (% of GDP) rising or falling?
- Mongolia's Trade (% of GDP) fell 3.1% from 2023 to 2024.
- How does Mongolia rank globally on Trade (% of GDP)?
- In 2024, Mongolia ranked #25 out of 160 countries reporting Trade (% of GDP).
- How does Mongolia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Mongolia is above the world average. Within East Asia & Pacific, it ranks #7 of 24.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.