Mongolia Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Mongolia's remittances received was $463.0M in 2025, ranked 120th globally. This represents a 12.3% decrease from 2024. Data from World Bank, covering 1998–2025.
Overview
Mongolia's remittances received stood at $463.0M in 2025, a decline of +$64.7M from 2024. Based on recent trends, this figure is projected to reach $463.0M by 2025. Mongolia ranked 120th globally.
Mongolia's remittances received, as recorded by the World Bank, have experienced significant fluctuations over the past 28 years. The country's all-time peak of 560,930,420.37 USD in 2019, following a steady increase from 5,500,000.00 USD in 1998, underscores the substantial growth in remittances. Conversely, the all-time trough of 1,101,304.35 USD in 2000 highlights the challenges faced by Mongolia during this period. As of 2025, Mongolia ranks 120 globally in terms of remittances received, with a value of 462,981,073.05 USD. Notably, this figure is comparable to that of Hong Kong SAR, China, which ranked similarly in 2025 with a value of 460,703,260.06 USD. The trend in remittances received is likely influenced by Mongolia's economic growth, labor migration, and global economic conditions. A potential shift in Mongolia's economic trajectory, such as a significant increase in domestic economic activity or a decline in global labor migration, could alter the trend in remittances received in the future.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $451.3M | - | - |
| 2026* trend | $457.2M | - | - |
| 2025* trend | $463.0M | - | - |
| 2025 | $463.0M | −$64.7M | #120 |
| 2024 | $527.7M | +$72.4M | #67 |
| 2023 | $455.3M | +$56.0M | #63 |
| 2022 | $399.2M | −$71.9M | #63 |
| 2021 | $471.2M | −$77.7M | #72 |
| 2020 | $548.8M | −$12.1M | #83 |
| 2019 | $560.9M | +$120.4M | #82 |
| 2018 | $440.6M | +$167.2M | #71 |
| 2017 | $273.4M | +$13.5M | #62 |
| 2016 | $259.9M | −$1.0M | #61 |
| 2015 | $260.9M | +$5.8M | #62 |
| 2014 | $255.1M | −$2.0M | #61 |
| 2013 | $257.1M | −$66.7M | #61 |
| 2012 | $323.8M | +$74.2M | #69 |
| 2011 | $249.6M | −$16.6M | #71 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's remittances received was $463.0M in 2025. Ranked 120th globally. This represents a 12.3% decrease from the previous year.
Mongolia's remittances received peaked at $560.9M in 2019.
The lowest remittances received in Mongolia was $1.1M in 2000.
Mongolia ranks 120th globally in remittances received as of 2025.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Mongolia's remittances received is projected to reach $463.0M by 2025 based on trend extrapolation.
Mongolia's remittances received was approximately 462.98 million ($463.0M) in 2025.
The remittances received of Mongolia in 2025 was $463.0M. This ranks 120th in the world.
Cite this page
@misc{historysaid_mongolia_remittances,
title = {Mongolia Remittances Received},
url = {https://historysaid.com/mongolia/remittances/},
publisher = {HistorySaid},
year = {2026}
}