South Korea vs Mongolia: Goods and services expense
Goods and services expense over time
- South Korea
- Mongolia
How they compare
South Korea currently reports 12.5% against 11.8% in Mongolia, a difference of 0.7%.
That makes South Korea's figure about 1.1 times Mongolia's.
The two have swapped places 3 times across 28 shared years of data; in 1992 it was Mongolia ahead.
South Korea ranks 91st and Mongolia ranks 93rd of 154 countries.
Mongolia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | South Korea | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 16.9% | 26.6% | 9.7% | Mongolia |
| 2000s | 10.2% | 27.9% | 17.6% | Mongolia |
| 2010s | 12.7% | 14.5% | 1.9% | Mongolia |
| 2020s | 11.5% | 13.3% | 1.9% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher goods and services expense, South Korea or Mongolia?
- South Korea, at 12.5% against 11.8% in Mongolia as of 2023.
- What is the difference in goods and services expense between South Korea and Mongolia?
- 0.7%, with South Korea ahead.
- How many years of comparable data are there for South Korea and Mongolia?
- 28 years are reported by both, from 1992 to 2021.
- How do South Korea and Mongolia rank globally for goods and services expense?
- South Korea ranks 91st and Mongolia ranks 93rd of 154 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Goods and services expense (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.