Mongolia Current Account Balance
Current account balance as % of GDP BN.CAB.XOKA.GD.ZS
Mongolia's current account balance was -14.35% in 2025, ranked 172nd globally. This represents a 37.4% decrease from 2024. Data from World Bank, covering 1981–2025.
Overview
Mongolia's current account balance stood at -14.35% in 2025, a decline of +3.91% from 2024. The IMF projects -14.35% by 2025. Mongolia ranked 172nd globally.
Mongolia’s current‑account balance has been persistently negative, standing at –14.35 in 2025, which places the country 172nd in the world ranking. The balance improved dramatically from a long‑term low of –34.96 in 1981 to a historic surplus of 10.90 in 2006, before slipping to an all‑time trough of –43.77 in 2012, reflecting the volatility of commodity‑driven export earnings and the heavy reliance on mining‑related imports. Over the 45‑year series, the swing from surplus to deep deficit underscores the sensitivity of Mongolia’s external position to global price cycles for copper, coal and gold. Comparable small‑economy peers such as Rwanda (–13.80) and St. Kitts and Nevis (–14.54) display similar deficit magnitudes, suggesting that structural trade imbalances are common among resource‑dependent states. Continued diversification of exports and moderation of import intensity will be crucial to narrowing the deficit and shifting the trajectory toward a more sustainable current‑account position.
Data & projection
| Year | Current Account Balance | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -12.55% | - | - |
| 2029* IMF | -12.68% | - | - |
| 2028* IMF | -12.72% | - | - |
| 2027* IMF | -12.52% | - | - |
| 2026* IMF | -13.04% | - | - |
| 2025* IMF | -14.35% | - | - |
| 2025 | -14.35% | −3.91% | #172 |
| 2024 | -10.45% | −11.04% | #24 |
| 2023 | 0.60% | +14.03% | #121 |
| 2022 | -13.43% | +0.36% | #22 |
| 2021 | -13.79% | −8.73% | #19 |
| 2020 | -5.07% | +10.15% | #62 |
| 2019 | -15.22% | +1.49% | #14 |
| 2018 | -14.44% | −4.37% | #16 |
| 2017 | -10.06% | −3.79% | #29 |
| 2016 | -6.26% | +1.90% | #51 |
| 2015 | -8.16% | +7.66% | #45 |
| 2014 | -15.82% | +21.79% | #15 |
| 2013 | -37.61% | +6.22% | #1 |
| 2012 | -43.77% | −0.43% | #3 |
| 2011 | -43.35% | −31.02% | #4 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw current account balance improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's current account balance was -14.35% in 2025. Ranked 172nd globally. This represents a 37.4% decrease from the previous year.
Mongolia's current account balance peaked at 10.90% in 2006.
The lowest current account balance in Mongolia was -43.77% in 2012.
Mongolia ranks 172nd globally in current account balance as of 2025.
The World Bank indicator code is BN.CAB.XOKA.GD.ZS. Data sourced from World Bank.
Mongolia's current account balance is projected to reach -14.35% by 2025 based on IMF projection.
The current account balance of Mongolia in 2025 was -14.35%. This ranks 172nd in the world.
Cite this page
@misc{historysaid_mongolia_current-account,
title = {Mongolia Current Account Balance},
url = {https://historysaid.com/mongolia/current-account/},
publisher = {HistorySaid},
year = {2026}
}