Current Account Balance: Mongolia
Mongolia's current account balance is currently -13 % of GDP as of 2026. # Mongolia Current Account Balance Mongolia's current account balance stands at -13% of GDP in 2026, reflecting persistent external imbalances in the economy.
Current (2026)
-13 % of GDP
+9.7% y/y
Peak (2006)
10.9 % of GDP
Low (2012)
-43.8 % of GDP
Source
IMF World Economic Outlook
1991–2026 · 40 pts
Current Account Balance — Mongolia
1991 — 2026
Current Account Balance — Mongolia
Analysis# Mongolia Current Account Balance
Mongolia's current account balance stands at -13% of GDP in 2026, reflecting persistent external imbalances in the economy. The country has declined dramatically since its all-time peak of 10.9% in 2006, when commodity exports generated substantial surpluses. The 2012 nadir of -43.8% marked the worst deficit on record. Overall, Mongolia's current account has deteriorated 282.4 percentage points since 1991, indicating a fundamental shift from surplus to chronic deficit positions.
A remarkable turnaround occurred in 2023, when Mongolia achieved a rare 0.6% surplus—the only positive reading in the recent two-decade period. This brief respite proved temporary, with deficits resuming in 2024 at -10.4% and widening to -14.4% in 2025. The projections suggest stabilization around -13% through 2026, indicating Mongolia remains structurally dependent on imports while commodity export volatility continues driving external account swings.
Historical Data
40 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | -12.5 % of GDP | +1.57% |
| 2029 | -12.7 % of GDP | +0.00% |
| 2028 | -12.7 % of GDP | -1.60% |
| 2027 | -12.5 % of GDP | +3.85% |
| 2026 | -13 % of GDP | +9.72% |
| 2025 | -14.4 % of GDP | -38.46% |
| 2024 | -10.4 % of GDP | -1833.33% |
| 2023 | 0.6 % of GDP | +104.48% |
| 2022 | -13.4 % of GDP | +2.90% |
| 2021 | -13.8 % of GDP | -170.59% |
| 2020 | -5.1 % of GDP | +66.45% |
| 2019 | -15.2 % of GDP | +8.98% |
| 2018 | -16.7 % of GDP | -65.35% |
| 2017 | -10.1 % of GDP | -60.32% |
| 2016 | -6.3 % of GDP | +23.17% |
| 2015 | -8.2 % of GDP | +48.10% |
| 2014 | -15.8 % of GDP | +57.98% |
| 2013 | -37.6 % of GDP | +14.16% |
| 2012 | -43.8 % of GDP | -1.15% |
| 2011 | -43.3 % of GDP | -252.03% |
Show all 40 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | -12.3 % of GDP | -64.00% |
| 2009 | -7.5 % of GDP | +39.02% |
| 2008 | -12.3 % of GDP | -400.00% |
| 2007 | 4.1 % of GDP | -62.39% |
| 2006 | 10.9 % of GDP | +211.43% |
| 2005 | 3.5 % of GDP | +9.37% |
| 2004 | 3.2 % of GDP | +151.61% |
| 2003 | -6.2 % of GDP | +17.33% |
| 2002 | -7.5 % of GDP | -53.06% |
| 2001 | -4.9 % of GDP | +19.67% |
| 2000 | -6.1 % of GDP | -7.02% |
| 1999 | -5.7 % of GDP | +14.93% |
| 1998 | -6.7 % of GDP | -206.35% |
| 1997 | 6.3 % of GDP | +333.33% |
| 1996 | -2.7 % of GDP | -250.00% |
| 1995 | 1.8 % of GDP | -56.10% |
| 1994 | 4.1 % of GDP | +2.50% |
| 1993 | 4 % of GDP | +266.67% |
| 1992 | -2.4 % of GDP | +29.41% |
| 1991 | -3.4 % of GDP | — |
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