India vs Mongolia: Goods and services expense
Goods and services expense over time
- India
- Mongolia
How they compare
Mongolia currently reports 3.12 trillion current LCU against 2.33 trillion current LCU in India, a difference of 793.38 billion current LCU.
That makes Mongolia's figure about 1.3 times India's.
Across all 26 years both countries report, India has been ahead every year.
India ranks 23rd and Mongolia ranks 21st of 155 countries.
India has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | India | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 245.45 billion current LCU | 26.68 billion current LCU | 218.77 billion current LCU | India |
| 2000s | 646.05 billion current LCU | 231.31 billion current LCU | 414.74 billion current LCU | India |
| 2010s | 1.63 trillion current LCU | 701.71 billion current LCU | 927.21 billion current LCU | India |
| 2020s | 2.33 trillion current LCU | 2.12 trillion current LCU | 213.78 billion current LCU | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, India or Mongolia?
- Mongolia, at 3.12 trillion current LCU against 2.33 trillion current LCU in India as of 2024.
- What is the difference in goods and services expense between India and Mongolia?
- 793.38 billion current LCU, with Mongolia ahead.
- How many years of comparable data are there for India and Mongolia?
- 26 years are reported by both, from 1992 to 2022.
- How do India and Mongolia rank globally for goods and services expense?
- India ranks 23rd and Mongolia ranks 21st of 155 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.