Imports of services as a part of balance of payment reached 2.18 USD bil in 2017 in Mongolia, according to the National Statistical Office. This is 1.84 % more than in the previous year.
Historically, imports of services as a part of balance of payment in Mongolia reached an all time high of 2.18 USD bil in 2017 and an all time low of 0.031 USD bil in 1981. When compared to Mongolia's main peers, imports of services as a part of balance of payment in China amounted to 472 USD bil, 10.9 USD bil in Kazakhstan, 0.916 USD bil in Kyrgyzstan and 88.8 USD bil in Russia in 2017.
Mongolia has been ranked 100th within the group of 156 countries we follow in terms of imports of services as a part of balance of payment, 35 places above the position seen 10 years ago.
Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.
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