Mongolia Foreign Reserves
Total reserves including gold FI.RES.TOTL.CD
Mongolia's foreign reserves was $5.3B in 2025, ranked 97th globally. This represents a 4.0% decrease from 2024. Data from World Bank, covering 1992–2025.
Overview
Mongolia's foreign reserves stood at $5.3B in 2025, a decline of +$220.3M from 2024. Based on recent trends, this figure is projected to reach $5.3B by 2025. Mongolia ranked 97th globally.
Mongolia’s foreign exchange reserves have risen dramatically from a modest 22,824,548.35 in 1992 to 5,287,681,020.46 in 2025, placing the country 97th globally and situating it alongside peers such as North Macedonia (5,469,634,329.43) and Georgia (5,043,765,549.26). The upward trajectory accelerated after the early 2000s, reaching an all‑time peak of 5,507,944,030.51 in 2024 before a slight dip the following year, reflecting the combined effects of commodity price volatility, prudent fiscal management, and the accumulation of export earnings from mining. The reserve build‑up has enhanced Mongolia’s ability to smooth external shocks, support the national currency, and meet short‑term external obligations. However, continued reliance on mineral exports means that future reserve growth will be sensitive to global demand cycles and price fluctuations; diversification of export markets and fiscal prudence will be crucial to sustain the positive trend.
Data & projection
| Year | Foreign Reserves | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $5.8B | - | - |
| 2026* trend | $5.5B | - | - |
| 2025* trend | $5.3B | - | - |
| 2025 | $5.3B | −$220.3M | #97 |
| 2024 | $5.5B | +$592.4M | #87 |
| 2023 | $4.9B | +$1.5B | #96 |
| 2022 | $3.4B | −$981.7M | #107 |
| 2021 | $4.4B | −$165.2M | #98 |
| 2020 | $4.5B | +$181.6M | #97 |
| 2019 | $4.4B | +$814.0M | #95 |
| 2018 | $3.5B | +$533.0M | #97 |
| 2017 | $3.0B | +$1.7B | #103 |
| 2016 | $1.3B | −$18.4M | #115 |
| 2015 | $1.3B | −$329.3M | #118 |
| 2014 | $1.7B | −$596.1M | #117 |
| 2013 | $2.2B | −$1.9B | #113 |
| 2012 | $4.1B | +$1.7B | #92 |
| 2011 | $2.4B | +$160.0M | #106 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw foreign reserves improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's foreign reserves was $5.3B in 2025. Ranked 97th globally. This represents a 4.0% decrease from the previous year.
Mongolia's foreign reserves peaked at $5.5B in 2024.
The lowest foreign reserves in Mongolia was $22.8M in 1992.
Mongolia ranks 97th globally in foreign reserves as of 2025.
The World Bank indicator code is FI.RES.TOTL.CD. Data sourced from World Bank.
Mongolia's foreign reserves is projected to reach $5.3B by 2025 based on trend extrapolation.
Mongolia's foreign reserves was approximately 5.29 billion ($5.3B) in 2025.
The foreign reserves of Mongolia in 2025 was $5.3B. This ranks 97th in the world.
Cite this page
@misc{historysaid_mongolia_reserves,
title = {Mongolia Foreign Reserves},
url = {https://historysaid.com/mongolia/reserves/},
publisher = {HistorySaid},
year = {2026}
}