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Economy of Mongolia vs Suriname compared: GDP & Debt

Updated on by Georank

Mongolia has a GDP of $25.4B compared to $4.52B for Suriname, ranking 123/197 and 165/197 by economy size, respectively.

Mongolia has $11.4B in government debt (45.1% of GDP), compared to $4.79B (105.8% of GDP) in Suriname.

Mongolia vs Suriname GDP by year

Mongolia
Suriname
1x
Year GDP, current $
Mongolia Suriname
2025 $25,369,107,325 $4,523,657,797
2024 $23,794,540,025 $4,416,775,113
2023 $20,325,121,394 $3,472,693,412
2022 $17,146,471,714 $3,791,603,200
2021 $15,286,441,738 $3,107,923,198
2020 $13,312,981,429 $2,911,807,496
2019 $14,206,359,018 $4,016,040,575
2018 $13,178,094,720 $3,996,198,867
2017 $11,480,847,741 $3,591,679,431
2016 $11,181,350,649 $3,317,421,648
2015 $11,619,892,591 $5,126,237,646
2014 $12,226,514,668 $5,240,606,061
2013 $12,582,122,604 $5,145,757,576
2012 $12,292,770,632 $4,980,000,000
2011 $10,409,797,378 $4,422,276,622
2010 $7,189,481,999 $4,368,370,998
2009 $4,583,850,368 $3,875,409,836
2008 $5,623,216,608 $3,532,969,035
2007 $4,234,999,704 $2,936,612,022
2006 $3,414,055,662 $2,626,380,435
2005 $2,523,471,601 $1,793,410,397
2004 $1,992,066,808 $1,484,092,538
2003 $1,595,297,356 $1,274,190,311
2002 $1,396,555,720 $1,093,574,468
2001 $1,267,997,934 $834,279,358
2000 $1,136,896,124 $947,671,970
1999 $1,057,408,589 $886,290,698
1998 $1,124,440,205 $1,110,850,000
1997 $1,180,934,203 $926,422,500
1996 $1,345,719,472 $861,372,806
1995 $1,452,165,005 $691,590,498
1994 $925,817,092 $605,492,537
1993 $768,401,634 $428,764,706
1992 $1,317,611,864 $404,600,000
1991 $2,379,018,326 $448,100,000
1990 $2,560,785,660 $388,400,000
1989 $3,576,966,800 $542,600,000
1988 $3,204,461,567 $1,161,000,000
1987 $3,020,611,600 $980,000,000
1986 $2,896,178,867 $891,000,000
1985 $2,186,505,475 $873,000,000
1984 $2,098,734,600 $864,000,000
1983 $2,725,736,633 $883,500,000
1982 $2,552,401,933 $915,000,000
1981 $2,310,099,100 $889,000,000
1980 $2,101,394,100 $795,000,000
1979 - $782,500,000
1978 - $735,500,000
1977 - $641,500,000
1976 - $505,500,000
1975 - $465,500,000
1974 - $409,850,000
1973 - $339,450,000
1972 - $311,950,000
1971 - $301,000,000
1970 - $274,900,000
1969 - $259,650,000
1968 - $241,350,000
1967 - $220,700,000
1966 - $190,350,000
1965 - $154,150,000
1964 - $134,400,000
1963 - $125,950,000
1962 - $116,150,000
1961 - $107,700,000
1960 - $99,650,000

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/mongolia/suriname | CC BY

GDP per capita in Mongolia vs Suriname by year

Mongolia
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Mongolia Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $7,108 - $7,070 -
2024 $6,751 $19,145 $6,962 $21,801
2023 $5,839 $18,005 $5,522 $21,110
2022 $4,994 $16,402 $6,084 $20,079
2021 $4,518 $14,792 $5,030 $18,458
2020 $4,001 $13,693 $4,755 $16,947
2019 $4,348 $13,605 $6,630 $19,772
2018 $4,108 $12,317 $6,666 $17,855
2017 $3,646 $11,096 $6,050 $17,568
2016 $3,620 $10,511 $5,644 $14,475
2015 $3,839 $10,458 $8,814 $16,544
2014 $4,126 $10,900 $9,108 $16,598
2013 $4,340 $10,442 $9,043 $16,173
2012 $4,329 $10,152 $8,851 $15,185
2011 $3,736 $8,862 $7,950 $13,926
2010 $2,625 $7,532 $7,944 $13,039
2009 $1,703 $7,119 $7,130 $12,393
2008 $2,127 $7,297 $6,576 $12,097
2007 $1,628 $6,678 $5,530 $11,530
2006 $1,330 $5,977 $5,003 $10,803
2005 $995 $5,406 $3,453 $10,014
2004 $794 $4,942 $2,888 $9,389
2003 $643 $4,399 $2,516 $8,552
2002 $570 $4,083 $2,202 $8,046
2001 $524 $3,889 $1,715 $7,865
2000 $476 $3,740 $1,988 $7,535
1999 $449 $3,664 $1,898 $7,367
1998 $484 $3,555 $2,429 $7,521
1997 $515 $3,449 $2,068 $7,422
1996 $596 $3,310 $1,963 $7,048
1995 $653 $3,229 $1,610 $7,000
1994 $423 $3,021 $1,434 $6,973
1993 $355 $2,929 $1,022 $6,650
1992 $608 $2,951 $969 $6,992
1991 $1,099 $3,183 $1,080 $6,852
1990 $1,220 $3,479 $942 $6,493
1989 $1,684 - $1,329 -
1988 $1,543 - $2,886 -
1987 $1,493 - $2,469 -
1986 $1,469 - $2,271 -
1985 $1,138 - $2,256 -
1984 $1,120 - $2,261 -
1983 $1,490 - $2,333 -
1982 $1,430 - $2,430 -
1981 $1,325 - $2,368 -
1980 $1,235 - $2,118 -
1979 - - $2,072 -
1978 - - $1,928 -
1977 - - $1,666 -
1976 - - $1,302 -
1975 - - $1,190 -
1974 - - $1,041 -
1973 - - $858 -
1972 - - $785 -
1971 - - $768 -
1970 - - $724 -
1969 - - $708 -
1968 - - $681 -
1967 - - $644 -
1966 - - $575 -
1965 - - $482 -
1964 - - $435 -
1963 - - $424 -
1962 - - $409 -
1961 - - $395 -
1960 - - $378 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/mongolia/suriname | CC BY

Mongolia's GDP per capita is $7,108, ranking 103/197, compared to $7,070 in Suriname, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), Mongolia ranks 98th at $19,145, while Suriname ranks 89th at $21,801.

Economic indicators

Mongolia Suriname
Gross domestic product
$25.4B
2025
$4.52B
2025
GDP rank
123/197
2025
165/197
2025
GDP growth
6.84%
2024-2025
1.79%
2024-2025
GDP per capita
$7,108
2025
$7,070
2025
GDP per capita rank
103/197
2025
104/197
2025
GDP per capita, PPP
$19,145
2024
$21,801
2024
GDP per capita PPP rank
98/197
2024
89/197
2024
Government debt
$11.4B
2025
$4.79B
2025
Debt-to-GDP ratio
45.1%
2025
105.8%
2025
Government debt per person
$3,207
2025
$7,483
2025
Government debt per person rank
101/185
2025
69/185
2025
Average annual personal income after taxes
$7,064
2026
$3,363
2026
Income share by richest 10%
24.6%
2022
30.1%
2022
Income share by poorest 10%
3.4%
2022
2.2%
2022
Government expenditure, % of GDP
34.6%
2025
37.3%
2025
Consumer prices inflation
8.6%
2024-2025
9.21%
2024-2025
Central bank interest rate
12%
2025
10%
2013
Unemployment rate
5.81%
2024
7.92%
2016
Population
3630744
648096

Spending and national debt comparison by year

Mongolia
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Mongolia Suriname
Government spending Government debt Government spending Government debt
2025 34.6% 45.1% 37.3% 105.8%
2024 37.5% 44.1% 29.3% 88%
2023 31.9% 46.7% 28.9% 97.7%
2022 33.7% 64.5% 28.2% 111.7%
2021 35.9% 67.3% 32% 115.8%
2020 37.1% 83.4% 30.2% 146.4%
2019 30.8% 66.8% 40.5% 84%
2018 28.4% 76.5% 29.5% 68.6%
2017 32.2% 86.9% 28.7% 73%
2016 39.7% 78.7% 27.9% 75.4%
2015 31.2% 50.5% 29.9% 41.2%
2014 32.1% 44% 25.2% 25.2%
2013 32.2% 49.4% 26.2% 27.9%
2012 36.1% 43.7% 25.1% 20.1%
2011 37.9% 32.7% 21% 18.7%
2010 31.6% 31% 21% 17.3%
2009 35.5% 48.5% 24% 14.6%
2008 37.6% 31% 20.5% 14.8%
2007 35.3% 36.1% 22.6% 16.4%
2006 26.2% 40.9% 22.2% 22.5%
2005 25.1% 55.9% 22.2% 27.1%
2004 31.8% 75% 20.8% 29.4%
2003 33.7% 90% 19.2% 31.5%
2002 35.5% 72% 22.2% 37.4%
2001 35.2% 69.2% 21.8% 37.2%
2000 34.5% 79.3% 24.4% 48.4%
1999 33.2% 103.7% 19.6% 32.3%
1998 36.2% 77.5% 30.3% 21.6%
1997 30.8% 61% 21.1% 16.8%
1996 28.6% 49.7% 21.4% 11.8%
1995 26.6% 40.2% 20.2% 16.3%
1994 32.2% 57.6% 19.8% 30.5%
1993 38.3% 57.8% 21.2% 51.1%
1992 29.1% 29.3% 24.4% 64.4%
1991 46% - 26.6% 75.7%
1990 51.7% - 22.7% 72.9%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1992–2005, retrieved 2026-07-08).

GeoRank.org/economy/mongolia/suriname | CC BY

In 2025, Mongolia's government spending was $8.78B, accounting for 34.6% of its GDP, while Suriname spent $1.69B, or 37.3% of GDP.

Debt-to-GDP ratio is 45.1% in Mongolia and 105.8% in Suriname, ranking 116/185 and 18/185, respectively.

Government deficit by year

Deficit/surplus
Mongolia

Suriname
1x
Year Deficit/surplus, % of GDP
Mongolia Suriname
2025 1.7% -9.61%
2024 1.39% -3.36%
2023 2.73% -1.67%
2022 0.67% -2.57%
2021 -3.05% -5.66%
2020 -9.24% -12%
2019 1% -20.2%
2018 2.85% -8.56%
2017 -3.72% -8.62%
2016 -15.3% -10.2%
2015 -5.04% -8.29%
2014 -3.73% -2.65%
2013 -0.93% -2.64%
2012 -6.24% -0.38%
2011 -4.01% 2.32%
2010 0.43% -0.15%
2009 -5.2% 2.03%
2008 -4.52% 2.39%
2007 2.64% 5.01%
2006 7.58% 0.59%
2005 2.43% -3.39%
2004 -1.62% -1.2%
2003 -3.38% -0.11%
2002 -4.74% -3.3%
2001 -4.33% 3.49%
2000 -5.82% -7.76%
1999 -9.91% -4.92%
1998 -12.3% -6.39%
1997 -8.09% -0.32%
1996 -6.88% 3.42%
1995 -4.97% 1.17%
1994 -9.74% -1.89%
1993 -13.3% -4.68%
1992 -8.1% -6.45%
1991 -6.37% -9.8%
1990 -9.37% -3.04%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/mongolia/suriname | CC BY

In 2025, Mongolia's government surplus, the difference between spending and revenue, was $432M, equivalent to 1.7% of GDP. This compares to Suriname's deficit of $435M, or 9.61% of GDP.

Over the past 36 years, Mongolia recorded a fiscal deficit in 26 of those years, while Suriname ran a deficit in 28 years. On average, Mongolia posted an annual deficit equal to 4.07% of GDP, compared to deficit of 3.59% of GDP for Suriname.

Inflation comparison by year

Inflation
Mongolia

Suriname
1x
Year Consumer prices inflation
Mongolia Suriname
2025 8.6% 9.21%
2024 6.2% 16.2%
2023 10.4% 51.6%
2022 15.1% 52.4%
2021 7.4% 59.1%
2020 3.7% 34.9%
2019 7.3% -
2018 6.8% -
2017 4.3% 22%
2016 0.8% 55.4%
2015 6.8% 6.89%
2014 12.9% 3.38%
2013 10.6% 1.92%
2012 13.8% 5.01%
2011 8.8% 17.7%
2010 8.3% 6.94%
2009 7.6% -0.13%
2008 28% 14.7%
2007 9.6% 6.43%
2006 4.4% 11.3%
2005 12.6% 9.9%
2004 8.3% 9.99%
2003 5.2% 23%
2002 0.9% 15.5%
2001 6.4% 38.6%
2000 11.3% 59.4%
1999 7.6% 98.8%
1998 9.5% 19%
1997 30% 7.15%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/mongolia/suriname | CC BY

Over the past 29 years, Mongolia has recorded an average annual inflation rate of 9.42%, compared with 24.3% in Suriname. In 2025, inflation was 8.6% in Mongolia and 9.21% in Suriname.

Top exports between countries

Mongolia
Export category Export value
Machinery & equipment $9K
Metals $2K
Suriname
Export category Export value
Miscellaneous $3K

Balance of trade

Mongolia Suriname
Current account balance
-$2.49B
2024
-$2.48B
2025
Current account balance ranking
147/190
2024
146/190
2025
Current account balance, % of GDP
-10.4%
2024
-54.9%
2025
Goods imports
$11.7B
2024
$1.91B
2025
Goods exports
$14.7B
2024
$2.97B
2025
Service imports
$4.92B
2024
$3.59B
2025
Service exports
$1.6B
2024
$218M
2025
Imports of goods and services, % of GDP
62.6%
2025
38.4%
2010
Exports of goods and services, % of GDP
68.1%
2025
52.5%
2010

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Mongolia Suriname
Economic freedom 63.9 53
Economic freedom ranking 76/197 143/197
Property rights 49.2 40.5
Government integrity 35.8 41
Judicial effectiveness 54.9 46.5
Tax burden 83.7 69.1
Government spending 64.6 74.3
Fiscal health 96.1 76.6
Business freedom 68.4 56.9
Labor freedom 68.2 69
Monetary freedom 72.1 56.4
Trade freedom 74.4 65.2
Investment freedom 50 20
Financial freedom 50 20

Economic freedom comparison by year

Mongolia
Suriname
1x
Year Economic freedom index
Mongolia Suriname
2026 63.9 53
2025 62.6 50.9
2024 60.6 46.7
2023 61.7 46.1
2022 63.9 48.1
2021 62.4 46.4
2020 55.9 49.5
2019 55.4 48.1
2018 55.7 48.1
2017 54.8 48
2016 59.4 53.8
2015 59.2 54.2
2014 58.9 54.2
2013 61.7 52
2012 61.5 52.6
2011 59.5 53.1
2010 60 52.5
2009 62.8 54.1
2008 63.6 54.3
2007 60.3 54.8
2006 62.4 55.1
2005 59.7 51.9
2004 56.5 47.9
2003 57.7 46.9
2002 56.7 48
2001 56 44.3
2000 58.5 45.8
1999 58.6 40.1
1998 57.3 39.9
1997 52.9 35.9
1996 47.4 36.7
1995 47.8 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/mongolia/suriname | CC BY

The Economic Freedom Index for Mongolia is 63.9, ranking 76/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Mongolia Suriname
Services, % of GDP
44.3%
2025
50.8%
2024
Industry, % of GDP
37.2%
2025
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
8.94%
2025
6.77%
2024
GNI, Atlas method
$22.2B
2025
$3.93B
2025
GNI per capita, PPP
$18,460
2025
$21,000
2025
Total reserves including gold
$7B
2025
$1.62B
2025
Total reserves ranking
91/177
2025
132/177
2025
Net foreign direct investment
-$2.73B
2024
-$2.04B
2025
Net inflows of foreign direct investment
$2.78B
2024
$666M
2024
Net outflows of foreign direct investment
$55.5M
2024
-$9.05M
2024
Servicing debt to the IMF, % of GNI
25.7%
2024
20.5%
2023
Poverty at national poverty lines
27.1%
2022
70%
2020
Gross capital formation, % of GDP
31.4%
2025
36.2%
2010

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/mongolia/suriname | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1992–2005, retrieved 2026-07-08)
  6. TradeMap (2020–2023, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.