Foreign Reserves, Months Import Cover, Goods in Mongolia

Mongolia: Foreign Reserves, Months Import Cover, Goods was 0.4751 in 2024. ▲ Rising

Latest (2024)
0.4751
Change on year
down 10.8%
World rank
58th
of 116 countries
All-time high
0.8525
in 2020
All-time low
0.1822
in 2008
Years of data
24
2001–2024

Foreign Reserves, Months Import Cover, Goods in Mongolia, 2001–2024

0.20.40.60.82001201220242001: 0.2592002: 0.3542003: 0.2672004: 0.2152005: 0.3162006: 0.4892007: 0.4672008: 0.1822009: 0.6242010: 0.7032011: 0.3772012: 0.6062013: 0.3532014: 0.3152015: 0.3472016: 0.3872017: 0.6942018: 0.6012019: 0.7092020: 0.8532021: 0.6362022: 0.3922023: 0.5332024: 0.475

Source: World Bank staff calculations based on Datastream data.

Analysis

The most recent figure for foreign reserves, months import cover, goods in Mongolia is 0.4751, measured in 2024.

Compared with earlier readings it is down 10.8% on the previous year and up 51.0% over ten years.

Over the whole period, foreign reserves, months import cover, goods in Mongolia peaked at 0.8525 in 2020 and was at its lowest, 0.1822, in 2008.

That places Mongolia 58th out of 116 countries with data for 2024, putting it in the middle of the range.

The long-run direction has been consistently rising across the 24 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 0.3526 0.1822 0.6245 9
2010s 0.5092 0.3148 0.7085 10
2020s 0.5776 0.3917 0.8525 5

Countries ranked near Mongolia

  1. 55 Uganda 0.5002 compare
  2. 56 Morocco 0.4892 compare
  3. 57 Turkey 0.4833 compare
  4. 59 New Zealand 0.4637 compare
  5. 60 Dominican Republic 0.4488 compare
  6. 61 Samoa 0.4478 compare

See the full ranking of 126 places →

More reference data data for Mongolia

All data for Mongolia →

Frequently asked questions

What is foreign reserves, months import cover, goods in Mongolia?
Foreign reserves, months import cover, goods in Mongolia was 0.4751 in 2024, according to World Bank staff calculations based on Datastream data.
What is the highest foreign reserves, months import cover, goods recorded in Mongolia?
The highest recorded value was 0.8525 in 2020.
What is the lowest foreign reserves, months import cover, goods recorded in Mongolia?
The lowest recorded value was 0.1822 in 2008.
How does Mongolia rank for foreign reserves, months import cover, goods?
Mongolia ranks 58th out of 116 countries with data for 2024.
Is foreign reserves, months import cover, goods rising or falling in Mongolia?
Over the last ten years it is up 51.0%. The long-run trend across the full record is rising.
Where does this Mongolia data come from?
The figures come from World Bank staff calculations based on Datastream data, published as part of Foreign Reserves, Months Import Cover, Goods. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Foreign Reserves, Months Import Cover, Goods
Source
World Bank staff calculations based on Datastream data
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
126 places, 3,278 data points, 1991–2024
Last refreshed

The stock of international reserves is expressed as the number of months of financing-coverage it represents for the given country's imports of merchandise goods.