Remittances in Mongolia increased to 15.60 USD Million in December from 11.40 USD Million in November of 2019.

Remittances in Mongolia averaged 7.46 USD Million from 2009 until 2019, 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 May of 2020.

Remittances in Mongolia is expected to be 16.30 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 2021, according to our econometric models.

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Mongolia Remittances

Actual Previous Highest Lowest Dates Unit Frequency
15.60 11.40 18.61 -9.01 2009 - 2019 USD Million Monthly

Mongolia Trade Last Previous Highest Lowest Unit
Balance of Trade -87.00 -146.50 361.60 -369.80 USD Million [+]
Current Account -327.28 -162.46 132.80 -627.90 USD Million [+]
Current Account to GDP -14.60 -10.10 5.43 -27.40 percent [+]
Imports 424.80 411.50 748.75 14.66 USD Million [+]
Exports 337.80 265.10 815.60 15.44 USD Million [+]
Foreign Direct Investment 22311.90 21568.00 22311.90 8444.70 USD Million [+]
Capital Flows -126.10 -161.26 280.00 -931.10 USD Million [+]
Gold Reserves 17.92 20.08 20.08 0.00 Tonnes [+]
Remittances 15.60 11.40 18.61 -9.01 USD Million [+]
External Debt 30677879.54 29933778.93 30677879.54 2110586.64 USD Thousand [+]
Crude Oil Production 18.00 20.00 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).