Remittances received — all countries

Remittances received — Mongolia

Remittances received in Mongolia in 2024 — 527,686,177 US$. Ranked 105 in the world out of 160. Since 1998, the indicator has risen by 9,494.3%.

2024 528M US$ +15.91% vs 2023
World rank 105of 160
Period maximum 561M US$2019
Period minimum 1.1M US$2000

Trend over time

1998–2024 · US$

Remittances received — Mongolia, 1998–20240200M400M600M19982001200420072010201320162019202220241998: 5,500,000 US$1999: 7,873,674 US$2000: 1,101,304 US$2001: 26,684,783 US$2002: 68,695,859 US$2003: 79,355,447 US$2004: 202,508,011 US$2005: 176,948,504 US$2006: 155,191,920 US$2007: 178,029,700 US$2008: 224,595,247 US$2009: 199,618,694 US$2010: 266,242,561 US$2011: 249,642,621 US$2012: 323,836,415 US$2013: 257,134,722 US$2014: 255,121,827 US$2015: 260,910,770 US$2016: 259,876,359 US$2017: 273,364,998 US$2018: 440,554,140 US$2019: 560,930,420 US$2020: 548,833,335 US$2021: 471,162,099 US$2022: 399,224,608 US$2023: 455,273,508 US$2024: 527,686,177 US$
Change over the period: +522M (+9,494.29%) Average annual rate: 19.19 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Mongolia

Mongolia 528M US$
World 857B US$
Eastern Asia computed 38.03B US$
Lower-middle-income countries computed 416B US$
Remittances received — Mongolia, by year Mongolia All countries CSV XLSX
Year US$ Change Change, %
2024 528M +72.41M +15.91%
2023 455M +56.05M +14.04%
2022 399M −71.94M −15.27%
2021 471M −77.67M −14.15%
2020 549M −12.1M −2.16%
2019 561M +120M +27.32%
2018 441M +167M +61.16%
2017 273M +13.49M +5.19%
2016 260M −1.03M −0.4%
2015 261M +5.79M +2.27%
2014 255M −2.01M −0.78%
2013 257M −66.7M −20.6%
2012 324M +74.19M +29.72%
2011 250M −16.6M −6.23%
2010 266M +66.62M +33.38%
2009 200M −24.98M −11.12%
2008 225M +46.57M +26.16%
2007 178M +22.84M +14.72%
2006 155M −21.76M −12.3%
2005 177M −25.56M −12.62%
2004 203M +123M +155.19%
2003 79.36M +10.66M +15.52%
2002 68.7M +42.01M +157.43%
2001 26.68M +25.58M +2,323.02%
2000 1.1M −6.77M −86.01%
1999 7.87M +2.37M +43.16%
1998 5.5M

Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Personal remittances received by a country: the earnings of labor migrants sent home, plus transfers between households. For a couple of dozen countries this flow is larger than any single export item, and for several it exceeds a fifth of GDP — remittances then become the main external link of the economy, steadier than both direct investment and foreign aid: in a crisis they usually do not fall but rise, because migrants send their families more.

Important: Only transfers through banks and money transfer systems are counted. Cash brought in person does not reach the statistics, so the real volumes are higher — by estimates, noticeably so.

Source: World Development Indicators (World Bank), license CC BY 4.0.