Remittances in Mongolia increased to 11.60 USD Million in May from 6.70 USD Million in April of 2021. source: Bank of Mongolia

Remittances in Mongolia averaged 7.83 USD Million from 2009 until 2021, reaching an all time high of 18.61 USD Million in August of 2010 and a record low of -9.01 USD Million in September of 2012. This page provides - Mongolia Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Remittances - values, historical data and charts - was last updated on August of 2021.

Remittances in Mongolia is expected to be 17.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Mongolia to stand at 17.00 in 12 months time. In the long-term, the Mongolia Remittances is projected to trend around 17.00 USD Million in 2022, according to our econometric models.

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Mongolia Remittances

Actual Previous Highest Lowest Dates Unit Frequency
11.60 6.70 18.61 -9.01 2009 - 2021 USD Million Monthly

Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade 722.40 535.50 722.40 -369.80 USD Million [+]
Current Account -143.53 -171.56 316.77 -627.90 USD Million [+]
Current Account to GDP -12.30 -15.60 5.43 -27.40 percent of GDP [+]
Imports 2601.60 1961.20 2601.60 14.66 USD Million [+]
Exports 3324.00 2496.70 3324.00 15.44 USD Million [+]
Foreign Direct Investment 24205.70 23802.30 24205.70 8444.70 USD Million [+]
Capital Flows -114.60 -151.03 339.98 -1701.46 USD Million [+]
Gold Reserves 10.62 8.16 23.40 0.00 Tonnes [+]
Remittances 11.60 6.70 18.61 -9.01 USD Million [+]
External Debt 32487000.00 32161914.32 32487000.00 2110586.64 USD Thousand [+]
Crude Oil Production 17.00 17.00 27.85 0.00 BBL/D/1K [+]
Terrorism Index 0.00 0.00 0.00 0.00 [+]


Mongolia Remittances
In Mongolia, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).