Insurance and financial services (% of commercial service imports) in Mongolia
Mongolia: Insurance and financial services (% of commercial service imports) was 6.5% in 2025. ◆ Volatile
Insurance and financial services in Mongolia, 1986–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
Mongolia recorded 6.5% for insurance and financial services in 2025.
Compared with earlier readings it is up 19.5% on the previous year and up 9.4% over ten years.
Over the whole period, insurance and financial services in Mongolia peaked at 11.1% in 2016 and was at its lowest, 0.3%, in 2003.
Mongolia ranks 87th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services (% of commercial service imports) in Mongolia, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1986 | 8.6% | — |
| 1987 | 8.3% | -3.0% |
| 1988 | 7.9% | -5.3% |
| 1989 | 8.0% | +1.3% |
| 1990 | 7.2% | -9.0% |
| 1991 | 6.9% | -4.7% |
| 1992 | 6.6% | -4.8% |
| 1993 | 5.7% | -13.4% |
| 1996 | 1.8% | -67.5% |
| 1997 | 1.0% | -46.1% |
| 1998 | 2.4% | +138.6% |
| 1999 | 0.5% | -79.5% |
| 2000 | 0.5% | +0.6% |
| 2001 | 0.5% | +3.7% |
| 2002 | 0.3% | -39.5% |
| 2003 | 0.3% | -10.7% |
| 2004 | 6.9% | +2428.8% |
| 2005 | 4.1% | -40.3% |
| 2006 | 2.4% | -41.9% |
| 2007 | 2.9% | +20.2% |
| 2008 | 2.7% | -6.5% |
| 2009 | 3.2% | +19.7% |
| 2010 | 3.8% | +18.7% |
| 2011 | 2.7% | -28.8% |
| 2012 | 3.8% | +37.6% |
| 2013 | 3.3% | -13.4% |
| 2014 | 6.1% | +88.6% |
| 2015 | 6.0% | -2.5% |
| 2016 | 11.1% | +85.9% |
| 2017 | 3.2% | -70.9% |
| 2018 | 3.6% | +10.6% |
| 2019 | 7.3% | +104.5% |
| 2020 | 8.4% | +14.7% |
| 2021 | 7.2% | -14.0% |
| 2022 | 5.5% | -24.4% |
| 2023 | 5.6% | +2.7% |
| 2024 | 5.5% | -2.3% |
| 2025 | 6.5% | +19.5% |
Mongolia compared with similar countries
- Mongolia's 6.5% is above the median for upper middle income countries, which is 6.4%, 1.0× the median. (55 countries reporting)
- Mongolia's 6.5% is above the median for East Asia & Pacific, which is 5.2%, 1.3× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services (% of commercial service imports) in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +2428.8% | 0.3% | 6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.2% | 7.9% | 8.6% | 4 |
| 1990s | 4.0% | 0.5% | 7.2% | 8 |
| 2000s | 2.4% | 0.3% | 6.9% | 10 |
| 2010s | 5.1% | 2.7% | 11.1% | 10 |
| 2020s | 6.5% | 5.5% | 8.4% | 6 |
Countries ranked near Mongolia
More private sector data for Mongolia
- Merchandise trade 106.7% (2025)
- Food imports 11.0% (2023)
- Manufactures imports 65.3% (2023)
- Merchandise imports 11.31 billion current US$ (2025)
- Commercial service imports 4.77 billion current US$ (2025)
- Food exports 3.3% (2023)
- Manufactures exports 1.7% (2023)
- Merchandise exports 15.76 billion current US$ (2025)
- Commercial service exports 1.92 billion current US$ (2025)
- Merchandise exports (current US$), per capita 4,416 current US$ per person (2025)
Frequently asked questions
- What is insurance and financial services in Mongolia?
- Insurance and financial services in Mongolia was 6.5% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Mongolia?
- The highest recorded value was 11.1% in 2016.
- What is the lowest insurance and financial services recorded in Mongolia?
- The lowest recorded value was 0.3% in 2003.
- How does Mongolia rank for insurance and financial services?
- Mongolia ranks 87th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Mongolia?
- Over the last ten years it is up 9.4%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 38 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.