GDP$20.3BCURRENT US$Rnk 120 / 195 GDP GROWTH61.5%CURRENT US$Rnk 51 / 195
GDP$4.24BCURRENT US$Rnk 161 / 195 GDP GROWTH33.5%CURRENT US$Rnk 106 / 195 GDP PC $5,839CURRENT US$Rnk 116 / 195GDP PC GROWTH34.5%CURRENT US$Rnk 70 / 195GDP PC$772CURRENT US$Rnk 184 / 196GDP PC GROWTH8.6%CURRENT US$Rnk 138 / 195In 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 2023, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B). That same year, Liberia ranked 126 in the Economic Complexity Index (ECI -1.44), and 142 in total exports ($2.36B).
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 2023, countries that imported more from Mongolia than Liberia included China ($13.1B), Switzerland ($842M), and Italy ($87.7M).
In 2023, countries that imported more from Liberia than Mongolia included United Kingdom ($306M), France ($197M), and Germany ($155M).
) and Mongolia () (2023)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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