Mongolia - External balance on goods and services

External balance on goods and services (current US$)

The latest value for External balance on goods and services (current US$) in Mongolia was $330,435,100 as of 2020. Over the past 39 years, the value for this indicator has fluctuated between $330,435,100 in 2020 and ($2,834,943,000) in 2013.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1981 ($1,089,509,000)
1982 ($974,987,300)
1983 ($976,184,300)
1984 ($753,278,100)
1985 ($906,893,400)
1986 ($1,483,275,000)
1987 ($1,252,314,000)
1988 ($1,204,029,000)
1989 ($1,122,831,000)
1990 ($565,229,200)
1991 ($677,232,000)
1992 ($97,894,090)
1993 ($85,121,070)
1994 ($91,618,010)
1995 ($14,825,360)
1996 ($93,196,780)
1997 $63,076,540
1998 ($131,156,800)
1999 ($126,090,200)
2000 ($157,950,200)
2001 ($192,502,900)
2002 ($238,308,600)
2003 ($248,791,300)
2004 ($194,301,600)
2005 ($122,204,000)
2006 $203,359,800
2007 $57,107,720
2008 ($740,236,900)
2009 ($332,684,800)
2010 ($718,377,800)
2011 ($2,278,925,000)
2012 ($2,759,022,000)
2013 ($2,834,943,000)
2014 ($589,845,500)
2015 ($149,381,000)
2016 $77,056,380
2017 $275,592,800
2018 ($1,321,276,000)
2019 ($846,990,000)
2020 $330,435,100

External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Mongolia was 929,610,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 929,610,000,000 in 2020 and a minimum value of -4,320,250,000,000 in 2013.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1981 -3,268,527,000
1982 -2,924,962,000
1983 -2,928,553,000
1984 -3,013,113,000
1985 -3,627,574,000
1986 -4,449,825,000
1987 -3,756,943,000
1988 -3,612,087,000
1989 -3,368,494,000
1990 -2,826,146,000
1991 -6,433,704,000
1992 -4,170,288,000
1993 -25,221,370,000
1994 -37,812,580,000
1995 -6,650,806,000
1996 -51,109,400,000
1997 49,829,840,000
1998 -110,280,000,000
1999 -128,848,000,000
2000 -170,060,000,000
2001 -211,310,000,000
2002 -264,596,000,000
2003 -285,249,000,000
2004 -230,302,000,000
2005 -147,286,000,000
2006 239,903,000,000
2007 66,838,920,000
2008 -862,971,000,000
2009 -478,333,000,000
2010 -974,885,000,000
2011 -2,884,020,000,000
2012 -3,745,590,000,000
2013 -4,320,250,000,000
2014 -1,072,300,000,000
2015 -294,327,000,000
2016 164,923,000,000
2017 672,385,000,000
2018 -3,266,830,000,000
2019 -2,255,990,000,000
2020 929,610,000,000

External balance on goods and services (% of GDP)

External balance on goods and services (% of GDP) in Mongolia was 2.48 as of 2020. Its highest value over the past 39 years was 5.96 in 2006, while its lowest value was -51.21 in 1986.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1981 -47.16
1982 -38.20
1983 -35.81
1984 -35.89
1985 -41.48
1986 -51.21
1987 -41.46
1988 -37.57
1989 -31.39
1990 -22.07
1991 -28.47
1992 -7.43
1993 -11.08
1994 -9.90
1995 -1.02
1996 -6.93
1997 5.34
1998 -11.66
1999 -11.92
2000 -13.89
2001 -15.18
2002 -17.06
2003 -15.60
2004 -9.75
2005 -4.84
2006 5.96
2007 1.35
2008 -13.16
2009 -7.26
2010 -9.99
2011 -21.89
2012 -22.44
2013 -22.53
2014 -4.82
2015 -1.29
2016 0.69
2017 2.40
2018 -10.03
2019 -5.96
2020 2.48

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts