Mongolia Current Account Balance: % of GDP

2000 - 2024 | Quarterly | % | CEIC Data

Key information about Mongolia Current Account Balance: % of GDP

  • Mongolia Current Account deficit accounted for 5.4 % of the country's Nominal GDP in Jun 2024, compared with a 5.1 % deficit in the previous quarter.
  • Mongolia Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2000 to Jun 2024, with an average value of -8.7 %.
  • The data reached an all-time high of 15.1 % in Sep 2006 and a record low of -56.5 % in Mar 2012.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Bank of Mongolia provides Current Account Balance in USD. The National Statistics Office of Mongolia provides Nominal GDP in local currency based on SNA 2008. The Bank of Mongolia average market exchange rate is used for currency conversions. Nominal GDP prior to Q1 2010 is based on SNA 1993.


Key information about Mongolia Current Account Balance: % of GDP

  • In the latest reports of Mongolia, Current Account recorded a deficit of 25.6 USD mn in Jul 2024.
  • Foreign Direct Investment (FDI) increased by 209.4 USD mn in Jul 2024.
  • Mongolia Direct Investment Abroad expanded by 26.2 USD mn in Jul 2024.
  • Its Foreign Portfolio Investment increased by 217.9 USD mn in Jun 2024.
  • The country's Nominal GDP was reported at 3.9 USD bn in Mar 2023.

View Mongolia's Current Account Balance: % of GDP from Mar 2000 to Jun 2024 in the chart:

Mongolia Current Account Balance: % of GDP

What was Mongolia's Current Account Balance: % of GDP in Jun 2024?

Mongolia Current Account deficit accounted for 5.4 % of the country's Nominal GDP in Jun 2024, compared with a 5.1 % deficit in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-5.4 Jun 2024 -5.1 Mar 2024 -56.5 Mar 2012 15.1 Sep 2006 % quarterly Mar 2000 - Jun 2024

Current Account Balance: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) -3.3 Jun 2024 quarterly Mar 2008 - Jun 2024
Algeria (%) 0.3 Dec 2023 quarterly Mar 2007 - Dec 2023
Argentina (%) 2.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Armenia (%) -2.9 Jun 2024 quarterly Dec 1994 - Jun 2024
Australia (%) -1.6 Jun 2024 quarterly Sep 1959 - Jun 2024
Austria (%) 0.6 Jun 2024 quarterly Mar 1970 - Jun 2024
Azerbaijan (%) 4.9 Jun 2024 quarterly Mar 2013 - Jun 2024
Bahrain (%) 15.2 Dec 2022 quarterly Mar 2018 - Dec 2022
Bangladesh (%) 0.9 2024 yearly 1998 - 2024
Belarus (%) 2.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Belgium (%) -1.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Bolivia (%) 0.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Bosnia and Herzegovina (%) -3.9 Jun 2024 quarterly Mar 2008 - Jun 2024
Botswana (%) -5.0 Jun 2024 quarterly Mar 2004 - Jun 2024
Brazil (%) -3.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -1.3 Jun 2024 quarterly Sep 1999 - Jun 2024
Cambodia (%) -5.0 Jun 2024 quarterly Mar 2010 - Jun 2024
Canada (%) -1.1 Jun 2024 quarterly Mar 1957 - Jun 2024
Chile (%) -2.3 Jun 2024 quarterly Mar 1996 - Jun 2024
China (%) 1.2 Jun 2024 quarterly Mar 1998 - Jun 2024
Colombia (%) -1.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Croatia (%) -5.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Cyprus (%) -0.6 Jun 2024 quarterly Mar 2008 - Jun 2024
Czech Republic (%) -0.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Denmark (%) 13.6 Jun 2024 quarterly Mar 1990 - Jun 2024
Ecuador (%) 7.9 Jun 2024 quarterly Mar 1993 - Jun 2024
Egypt (%) 1.3 Dec 2022 quarterly Sep 2001 - Dec 2022
Estonia (%) 0.3 Mar 2023 quarterly Mar 2000 - Mar 2023
European Union (%) 2.8 Jun 2024 quarterly Mar 1999 - Jun 2024
Finland (%) -2.9 Jun 2024 quarterly Mar 1990 - Jun 2024
France (%) -0.7 Sep 2024 quarterly Mar 1997 - Sep 2024
Georgia (%) -7.3 Jun 2024 quarterly Mar 1996 - Jun 2024
Germany (%) 5.3 Sep 2024 quarterly Mar 1991 - Sep 2024
Ghana (%) 5.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Greece (%) -7.9 Jun 2024 quarterly Mar 2000 - Jun 2024
Hong Kong SAR, China (%) 13.3 Jun 2024 quarterly Mar 1999 - Jun 2024
Hungary (%) 3.7 Jun 2024 quarterly Mar 1995 - Jun 2024
Iceland (%) -2.7 Jun 2024 quarterly Mar 1995 - Jun 2024
India (%) -1.1 Jun 2024 quarterly Jun 2004 - Jun 2024
Indonesia (%) 0.9 Mar 2023 quarterly Mar 1993 - Mar 2023
Iran (%) 0.6 2023 yearly 1997 - 2023
Ireland (%) 28.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Israel (%) 3.3 Jun 2024 quarterly Mar 1995 - Jun 2024
Italy (%) 1.6 Jun 2024 quarterly Mar 1980 - Jun 2024
Ivory Coast (%) -6.3 2022 yearly 1975 - 2022
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (%) -7.0 Jun 2024 quarterly Mar 1992 - Jun 2024
Kazakhstan (%) -2.5 Dec 2023 quarterly Dec 1997 - Dec 2023
Kenya (%) -2.5 Jun 2024 quarterly Mar 2009 - Jun 2024
South Korea (USD mn) 8,186.7 Sep 2024 monthly Jan 1980 - Sep 2024
Kosovo (%) -15.4 Jun 2024 quarterly Mar 2010 - Jun 2024
Kuwait (%) 27.9 Mar 2024 quarterly Mar 2012 - Mar 2024
Kyrgyzstan (%) -60.7 Mar 2023 quarterly Mar 2000 - Mar 2023
Laos (%) 2.7 2023 yearly 1984 - 2023
Latvia (%) -1.7 Mar 2024 quarterly Mar 1995 - Mar 2024
Lebanon (%) -2.8 2021 yearly 2002 - 2021
Lithuania (%) 3.2 Jun 2024 quarterly Mar 1993 - Jun 2024
Luxembourg (%) 12.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Macau SAR, China (%) 36.0 2023 yearly 2002 - 2023
North Macedonia (%) -3.2 Jun 2024 quarterly Mar 2000 - Jun 2024
Malawi (%) -14.2 2021 yearly 1977 - 2021
Malaysia (%) 0.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Malta (%) 7.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Mauritius (%) -6.3 Jun 2024 quarterly Mar 2007 - Jun 2024
Mexico (%) 0.7 Jun 2024 quarterly Mar 1993 - Jun 2024
Moldova (%) -16.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Mongolia (%) -5.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Montenegro (%) -22.8 Jun 2024 quarterly Mar 2010 - Jun 2024
Morocco (%) -3.6 Jun 2024 quarterly Mar 2014 - Jun 2024
Mozambique (%) -11.6 2023 yearly 1980 - 2023
Nepal (%) 3.9 2024 yearly 2001 - 2024
Netherlands (%) 8.4 Jun 2024 quarterly Mar 1987 - Jun 2024
New Zealand (%) -6.9 Jun 2024 quarterly Jun 1987 - Jun 2024
Nigeria (%) 11.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (%) 17.9 Jun 2024 quarterly Mar 1981 - Jun 2024
Oman (%) -4.9 2021 yearly 1980 - 2021
Pakistan (%) -0.5 2024 yearly 1977 - 2024
Palestinian Territory (%) -16.1 Mar 2023 quarterly Mar 2011 - Mar 2023
Panama (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Paraguay (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Peru (%) 2.4 Jun 2024 quarterly Mar 1990 - Jun 2024
Philippines (%) -4.3 Mar 2023 quarterly Mar 1981 - Mar 2023
Poland (%) 0.3 Jun 2024 quarterly Mar 2000 - Jun 2024
Portugal (%) 1.5 Jun 2024 quarterly Mar 1996 - Jun 2024
Qatar (%) 13.1 Dec 2023 quarterly Mar 2011 - Dec 2023
Romania (%) -9.2 Jun 2024 quarterly Mar 1995 - Jun 2024
Russia (%) 3.4 Jun 2024 quarterly Mar 1994 - Jun 2024
Saudi Arabia (%) 1.6 Jun 2024 quarterly Mar 2006 - Jun 2024
Serbia (%) -4.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Singapore (%) 19.2 Jun 2024 quarterly Mar 1986 - Jun 2024
Slovakia (%) -1.3 Jun 2024 quarterly Mar 1997 - Jun 2024
Slovenia (%) 7.2 Sep 2024 quarterly Mar 1995 - Sep 2024
South Africa (%) -0.9 Jun 2024 quarterly Mar 1960 - Jun 2024
Spain (%) 3.3 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 1.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Sudan (%) -8.5 2021 yearly 1977 - 2021
Sweden (%) 9.4 Jun 2024 quarterly Mar 1980 - Jun 2024
Switzerland (%) 9.6 Jun 2024 quarterly Mar 1983 - Jun 2024

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Mongolia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.7 Jun 2024 quarterly Dec 2000 - Jun 2024
Consolidated Fiscal Balance (USD mn) -30.567 Sep 2024 monthly Jan 2000 - Sep 2024
Tax Revenue (USD mn) 518.218 Sep 2024 monthly Jan 2000 - Sep 2024
Tax Revenue: % of GDP (%) 25.0 Jun 2024 quarterly Mar 2000 - Jun 2024
Government Debt: % of GDP (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Forecast: Government Expenditure (MNT bn) 56,654.300 2029 yearly 1981 - 2029
Forecast: Government Net Debt (MNT bn) 73,520.949 2029 yearly 2006 - 2029
Forecast: Government Revenue (MNT bn) 53,969.915 2029 yearly 1981 - 2029
General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 4,313,165.142 Sep 2024 monthly Dec 1999 - Sep 2024
General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 819,326.455 Sep 2024 monthly Dec 1999 - Sep 2024
General Government Balance: ytd (MNT mn) 1,468,936.902 Sep 2024 monthly Dec 1999 - Sep 2024
General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 15,550,824.054 Sep 2024 monthly Dec 1999 - Sep 2024
General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 3,966,523.216 Sep 2024 monthly Dec 1999 - Sep 2024
General Government Expenditure & NL: ytd: Net Lending (MNT mn) 304,194.596 Sep 2024 monthly Dec 1999 - Sep 2024
General Government Expenditure & NL: ytd: Expenditure (MNT mn) 19,517,347.270 Sep 2024 monthly Dec 1999 - Sep 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
Trade Balance (USD mn) 47.2 Sep 2024 monthly Jan 1997 - Sep 2024
Total Exports (USD mn) 1,528.8 Jun 2024 monthly Jan 1997 - Jun 2024
Total Exports Growth (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
Aluminum: Exports (USD th) 14,124.169 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 100.343 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 83.518 2022 yearly 1995 - 2022
Total Imports (USD mn) 983.4 Jun 2024 monthly Jan 1997 - Jun 2024
Total Imports Growth (%) 38.2 Sep 2024 monthly Jan 1998 - Sep 2024
Imports: Medicament (USD th) 140,968.073 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 71,770.506 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 38.287 Sep 2024 monthly Dec 1999 - Sep 2024
Total Imports from USA (USD mn) 88.615 Sep 2024 monthly Dec 1999 - Sep 2024
Total Exports to China (USD mn) 1,032.409 Sep 2024 monthly Dec 1999 - Sep 2024
Total Imports from China (USD mn) 434.960 Sep 2024 monthly Dec 1999 - Sep 2024
Exports: Textiles and Textile Articles (USD th) 26,430.812 Sep 2024 monthly Dec 1999 - Sep 2024
Exports: Live Animals and Products of Animal Origin (USD th) 28,294.364 Sep 2024 monthly Dec 1999 - Sep 2024
Exports: Mineral Products (USD th) 978,020.991 Sep 2024 monthly Dec 1999 - Sep 2024
Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
Exports: Asia: North Eastern: ow China (USD th) 1,032,740.616 Sep 2024 monthly Dec 1999 - Sep 2024
Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
Exports: Europe: European Union: ow United Kingdom (USD th) 455.958 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Mineral Products (USD th) 205,001.885 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Base Metals and Articles Thereof (USD th) 106,605.045 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 218,605.936 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Food Products (USD th) 77,408.348 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 276,499.101 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Asia: North Eastern: ow Republic of Korea (USD th) 48,473.456 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: America: ow USA (USD th) 88,615.355 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Europe: Others: ow Russian Federation (USD th) 232,437.228 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Asia: North Eastern: ow China (USD th) 437,557.066 Sep 2024 monthly Dec 1999 - Sep 2024
Imports: Asia: North Eastern: ow Japan (USD th) 133,013.031 Sep 2024 monthly Dec 1999 - Sep 2024
Export Value Index (2015=100) 198.040 2021 yearly 1980 - 2021
Import Value Index (2015=100) 180.345 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 109.807 2021 yearly 2000 - 2021
Import Volume Index (2015=100) 147.693 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1.2 Sep 2024 monthly Jan 2009 - Sep 2024
Current Account Balance (USD mn) -524.3 Sep 2024 monthly Jan 2009 - Sep 2024
Current Account Balance: % of GDP (%) -5.4 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Direct Investment (USD mn) 177.5 Sep 2024 monthly Jan 2009 - Sep 2024
Foreign Direct Investment: % of GDP (%) 14.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment (USD mn) 52.834 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 3.6 Jun 2024 quarterly Mar 2000 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 2.6 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 50.259 Sep 2024 quarterly Mar 1998 - Sep 2024
External Debt (USD mn) 34,867.3 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: % of GDP (%) 170.1 2023 yearly 1992 - 2023
External Debt: Short Term (USD mn) 1,888.9 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: Short Term: % of GDP (%) 9.3 2023 yearly 1992 - 2023
Forecast: Current Account Balance (USD bn) -3.388 2029 yearly 1991 - 2029
Net International Investment Position (USD mn) -41,629.393 Jun 2024 quarterly Dec 2010 - Jun 2024
Balance of Payments (BoP): Current Account (CA) (USD mn) -524.342 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: CA: Goods & Services: Goods (USD mn) -69.465 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: CA: Primary Income (USD mn) -195.574 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Direct Investment (USD mn) -176.290 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: CA: Goods & Services: Services (USD mn) -406.829 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: CA: Secondary Income (USD mn) 147.527 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Direct Investment: Asset (USD mn) 1.175 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: OI: Asset (USD mn) -149.846 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Portfolio Investment (USD mn) -4.482 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Direct Investment: Liabilities (USD mn) 177.465 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Other Investment (OI) (USD mn) -84.960 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Financial Derivatives (USD mn) -0.912 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Financial Derivatives: Asset (USD mn) -0.046 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: OI: Liabilities (USD mn) -64.887 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: Reserves: Assets (USD mn) -64.098 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: Capital Account (USD mn) 18.436 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (USD mn) 4.016 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Financial Derivatives: Liabilities (USD mn) 0.866 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: FA: Portfolio Investment: Asset (USD mn) -0.466 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: Financial Account (FA) (USD mn) -266.644 Sep 2024 monthly Jan 2009 - Sep 2024
BoP: Net Errors & Omissions (USD mn) 175.164 Sep 2024 monthly Jan 2009 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.6 Sep 2024 monthly Dec 1996 - Sep 2024
Household Debt: % of GDP (%) 25.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Non-Performing Loans (USD mn) 587.113 Sep 2024 monthly Dec 1996 - Sep 2024
Money Supply M1 (USD mn) 3,569.177 Sep 2024 monthly Dec 1996 - Sep 2024
Money Supply M2 (USD mn) 12,364.271 Sep 2024 monthly Dec 1996 - Sep 2024
M2 Growth (%) 25.9 Sep 2024 monthly Dec 1997 - Sep 2024
Reserve Requirement Ratio (%) 10.0 Oct 2024 monthly Jan 2005 - Oct 2024
Foreign Exchange Reserves (USD mn) 4,072.2 Jul 2024 monthly Dec 1992 - Jul 2024
Foreign Exchange Reserves: % of GDP (%) 18.423 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 3.7 Aug 2024 monthly Jan 1997 - Aug 2024
Gold Reserves (USD mn) 560.340 Jul 2024 monthly Dec 1980 - Jul 2024
Total Deposits (USD mn) 7,423.993 Sep 2024 monthly Jan 2000 - Sep 2024
Total Deposits Growth (%) 26.1 Sep 2024 monthly Jan 2001 - Sep 2024
Domestic Credit (USD mn) 10,083.4 Sep 2024 monthly Dec 1992 - Sep 2024
Domestic Credit Growth (%) 28.2 Sep 2024 monthly Dec 1993 - Sep 2024
Household Debt (USD mn) 6,182.8 Sep 2024 monthly Jan 2004 - Sep 2024
Total Loans (USD mn) 10,420.988 Sep 2024 monthly Dec 1996 - Sep 2024
Total Loans Growth (%) 35.00 Sep 2024 monthly Dec 1997 - Sep 2024
Private Debt: % of Nominal GDP (%) 42.45 Jun 2024 quarterly Dec 2010 - Jun 2024
Money Supply: M2: M1 (MNT mn) 12,067,136.023 Sep 2024 monthly Dec 1990 - Sep 2024
International Reserves: Gross (USD mn) 4,701.250 Oct 2024 monthly Jan 2006 - Oct 2024
Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 1,984,987.149 Sep 2024 monthly Dec 1996 - Sep 2024

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