Personal remittances and foreign aid received in Mongolia

Mongolia: Personal remittances and foreign aid received was 471.16 million current US$ in 2021. ◆ Volatile

Latest (2021)
471.16 million current US$
Change on year
down 14.2%
World rank
115th
of 193 countries
All-time high
560.93 million current US$
in 2019
All-time low
1.10 million current US$
in 2000
Years of data
24
1998–2021

Personal remittances and foreign aid received in Mongolia, 1998–2021

0200.0M400.0M600.0M1998200920211998: 5.5M current US$1999: 7.9M current US$2000: 1.1M current US$2001: 26.7M current US$2002: 68.7M current US$2003: 79.4M current US$2004: 202.5M current US$2005: 176.9M current US$2006: 155.2M current US$2007: 178.0M current US$2008: 224.6M current US$2009: 199.6M current US$2010: 266.2M current US$2011: 249.6M current US$2012: 323.8M current US$2013: 257.1M current US$2014: 255.1M current US$2015: 260.9M current US$2016: 259.9M current US$2017: 273.4M current US$2018: 440.6M current US$2019: 560.9M current US$2020: 548.8M current US$2021: 471.2M current US$

Source: World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data. Measured in current US$.

Analysis

Mongolia recorded 471.16 million current US$ for personal remittances and foreign aid received in 2021.

That represents a change of down 14.2% on the previous year and up 88.7% over ten years.

Over the whole period, personal remittances and foreign aid received in Mongolia peaked at 560.93 million current US$ in 2019 and was at its lowest, 1.10 million current US$, in 2000.

That places Mongolia 115th out of 193 countries with data for 2021, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Personal remittances and foreign aid received in Mongolia, year by year

Annual values for Personal remittances and foreign aid received in Mongolia, 1998 to 2021.
Year current US$ Change
1998 5.50 million current US$
1999 7.87 million current US$ +43.2%
2000 1.10 million current US$ -86.0%
2001 26.68 million current US$ +2323.0%
2002 68.70 million current US$ +157.4%
2003 79.36 million current US$ +15.5%
2004 202.51 million current US$ +155.2%
2005 176.95 million current US$ -12.6%
2006 155.19 million current US$ -12.3%
2007 178.03 million current US$ +14.7%
2008 224.59 million current US$ +26.2%
2009 199.62 million current US$ -11.1%
2010 266.24 million current US$ +33.4%
2011 249.64 million current US$ -6.2%
2012 323.84 million current US$ +29.7%
2013 257.13 million current US$ -20.6%
2014 255.12 million current US$ -0.8%
2015 260.91 million current US$ +2.3%
2016 259.88 million current US$ -0.4%
2017 273.37 million current US$ +5.2%
2018 440.55 million current US$ +61.2%
2019 560.93 million current US$ +27.3%
2020 548.83 million current US$ -2.2%
2021 471.16 million current US$ -14.2%

Mongolia compared with similar countries

  • Mongolia's 471.16 million current US$ is below the median for upper middle income countries, which is 979.33 million current US$, 48% of the median. (56 countries reporting)
  • Mongolia's 471.16 million current US$ is above the median for East Asia & Pacific, which is 453.09 million current US$, 1.0× the median. (31 countries reporting)

Biggest year-on-year movements

Years where Personal remittances and foreign aid received 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.

YearChange FromTo
2001 +2323.0% 1.10 million current US$ 26.68 million current US$

Averages by decade

DecadeAverage LowestHighest Years
1990s 6.69 million current US$ 5.50 million current US$ 7.87 million current US$ 2
2000s 131.27 million current US$ 1.10 million current US$ 224.59 million current US$ 10
2010s 314.76 million current US$ 249.64 million current US$ 560.93 million current US$ 10
2020s 510.00 million current US$ 471.16 million current US$ 548.83 million current US$ 2

Countries ranked near Mongolia

  1. 112 Gambia 547.05 million current US$ compare
  2. 113 North Macedonia 489.64 million current US$ compare
  3. 114 Lesotho 474.47 million current US$ compare
  4. 116 New Zealand 461.91 million current US$ compare
  5. 117 Hong Kong 453.09 million current US$ compare
  6. 118 Ethiopia 447.65 million current US$ compare

See the full ranking of 193 places →

More reference data data for Mongolia

All data for Mongolia →

Frequently asked questions

What is personal remittances and foreign aid received in Mongolia?
Personal remittances and foreign aid received in Mongolia was 471.16 million current US$ in 2021, according to World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data.
What is the highest personal remittances and foreign aid received recorded in Mongolia?
The highest recorded value was 560.93 million current US$ in 2019.
What is the lowest personal remittances and foreign aid received recorded in Mongolia?
The lowest recorded value was 1.10 million current US$ in 2000.
How does Mongolia rank for personal remittances and foreign aid received?
Mongolia ranks 115th out of 193 countries with data for 2021.
Is personal remittances and foreign aid received rising or falling in Mongolia?
Over the last ten years it is up 88.7%. The long-run trend across the full record is volatile.
Where does this Mongolia data come from?
The figures come from World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data, published as part of Personal remittances and foreign aid received. Statizoid updates them automatically from the source API.

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Personal remittances and foreign aid received in Mongolia. Statizoid, drawing on World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data. Retrieved 22 September 2026, from https://reference.statizoid.com/stat/personal-remittances-oda/mongolia/

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About this data

Indicator
Personal remittances and foreign aid received
Unit
current US$
Source
World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
193 places, 6,518 data points, 1970–2021
Last refreshed

Remittances are financial transfers from non-residents to residents of a country, such as a worker abroad sending money to family and friends. Foreign aid is measured as official development assistance. Both are measured in current US$.