GDP$16.8BCURRENT US$Rnk 126 / 186 GDP GROWTH36.8%CURRENT US$Rnk 90 / 186
GDP$4BCURRENT US$Rnk 155 / 186 GDP GROWTH43.3%CURRENT US$Rnk 80 / 186 GDP PC $4,947CURRENT US$Rnk 112 / 186GDP PC GROWTH12.4%CURRENT US$Rnk 107 / 186GDP PC$755CURRENT US$Rnk 176 / 186GDP PC GROWTH17.1%CURRENT US$Rnk 96 / 186In N/A, Mongolia did not export any services to Liberia.
Liberia-Mongolia In N/A, Liberia did not export any products to Mongolia.
In N/A, Liberia did not export any services to Mongolia.
Comparison: In 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Liberia ranked 128 in the Economic Complexity Index (ECI -1.72), and 144 in total exports ($1.96B).
This map shows whether countries import more from Mongolia or Liberia. Each country is colored based on the difference in imports they receive from Mongolia and Liberia or the difference in the growth in imports.
In 2022, countries that imported more from Mongolia than Liberia included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).
In 2022, countries that imported more from Liberia than Mongolia included France ($158M), Germany ($156M), and United Kingdom ($148M).
) and Mongolia () (2022)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Mongolia and Liberia. This means that a dot/product with the flag of Mongolia indicates it has a comparative advantage over Liberia. Similarly, a dot/product with the flag of Liberia indicates it has a comparative advantage over Mongolia.
) and Liberia () (2020)
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