Mongolia - Travel services (% of service imports, BoP)

Travel services (% of service imports, BoP) in Mongolia was 26.12 as of 2020. Its highest value over the past 39 years was 44.75 in 2002, while its lowest value was 0.16 in 1986.

Definition: Travel covers goods and services acquired from an economy by travelers for their own use during visits of less than one year in that economy for either business or personal purposes. Travel includes local transport (i.e., transport within the economy being visited and provided by a resident of that economy), but excludes international transport (which is included in passenger transport. Travel also excludes goods for resale, which are included in general merchandise.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also:

Year Value
1981 0.32
1982 0.51
1983 0.47
1984 0.49
1985 0.50
1986 0.16
1987 0.20
1988 0.18
1989 0.18
1990 0.90
1992 5.62
1993 4.20
1994 3.73
1995 20.44
1996 17.20
1997 12.84
1998 30.53
1999 28.87
2000 31.52
2001 26.97
2002 44.75
2003 31.88
2004 34.02
2005 31.36
2006 41.07
2007 42.16
2008 34.57
2009 36.82
2010 33.63
2011 28.94
2012 23.35
2013 29.01
2014 24.93
2015 30.03
2016 22.56
2017 24.46
2018 27.60
2019 28.69
2020 26.12

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments