Mongolia: Services, value added (annual % growth)

Key figures

What the numbers say

In 2025, Mongolia's services, value added (annual % growth) fell 9.02 percentage points on 2024 (from 11.03% to 2.02%).

Across the 13 yearly changes before that (2012 to 2024), the average change was −0.52 percentage points and a typical year strayed about 6.01 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 10.47 percentage points in 2021 and the biggest yearly fall was 12.89 percentage points in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 5% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Mongolia had the 117th highest value of the 161 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Mongolia in the 2025 ranking

• Malawi — 114th of 161: 2.15%
• Equatorial Guinea — 115th of 161: 2.11%
• Sweden — 116th of 161: 2.04%
• Jordan — 118th of 161: 1.96%
• Switzerland — 119th of 161: 1.96%
• Portugal — 120th of 161: 1.95%

What this measures

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.

Limitations: In the services industries, including most of government, value added in constant prices is often imputed from labor inputs, such as real wages or number of employees. In the absence of well defined measures of output, measuring the growth of services remains difficult.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 15 values

Services, value added (annual % growth) in nearby economies

• Australia — 1.72% (2025)
• Brunei Darussalam — -1.1% (2025)
• Cambodia — 3.34% (2025)
• China — 5.39% (2025)
• Fiji — 3.49% (2025)
• Hong Kong SAR, China — 3.21% (2025)
• Indonesia — 6.35% (2025)
• Japan — 0.88% (2024)
• Kiribati — 6.22% (2024)
• Korea, Rep. — 1.74% (2025)
• Lao PDR

More economic policy & debt data for Mongolia

• Adjusted savings, education expenditure (% of GNI) — 4.58% (2021)
• Adjusted savings, net forest depletion (current US$) — US$0 (2021)
• Adjusted savings, mineral depletion (current US$) — US$1.5 billion (2021)
• Net official development assistance and official aid received (current US$) — US$260.17 million (2023)
• Net official development assistance and official aid received (constant 2023 US$) — US$260.17 million (2023)
• Net official development assistance received (current US$) — US$260.17 million (2023)
• Net official development assistance received (constant 2023 US$) — US$260.17 million (2023)
• Net ODA received per capita (current US$) — US$74.74 (2023)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Mongolia's services, value added (annual % growth)?

2.02% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2011?

It is down 15.77 percentage points from 17.79% in 2011. The highest value was 17.79% in 2011 and the lowest -6.52% in 2020.

How does Mongolia rank?

117th highest of 161 economies with data for 2025.

Is the latest change in services, value added (annual % growth) unusual for Mongolia?

In 2025, Mongolia's services, value added (annual % growth) fell 9.02 percentage points on 2024 (from 11.03% to 2.02%). Across the 13 yearly changes before that (2012 to 2024), the average change was −0.52 percentage points and a typical year strayed about 6.01 percentage points from that (the standard deviation). This year's change was 1.4 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator NV.SRV.TOTL.KD.ZG, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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