Account ownership at a financial institution or with a in Mongolia
Mongolia: Account ownership at a financial institution or with a was 98.9% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Mongolia, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 25+.
Analysis
In 2024, account ownership at a financial institution or with a in Mongolia stood at 98.9%.
The figure is down 0.3% on the previous year and up 8.2% over ten years.
Over the whole period, account ownership at a financial institution or with a in Mongolia peaked at 99.2% in 2021 and was at its lowest, 79.8%, in 2011.
Mongolia ranks 8th of 106 countries on this measure, in the top 10%.
Account ownership at a financial institution or with a in Mongolia, year by year
| Year | % of population ages 25+ | Change |
|---|---|---|
| 2011 | 79.8% | — |
| 2014 | 91.4% | +14.5% |
| 2017 | 96.0% | +5.0% |
| 2021 | 99.2% | +3.4% |
| 2024 | 98.9% | -0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 89.1% | 79.8% | 96.0% | 3 |
| 2020s | 99.0% | 98.9% | 99.2% | 2 |
Countries ranked near Mongolia
More financial sector data for Mongolia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.13 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.13 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Mongolia?
- Account ownership at a financial institution or with a in Mongolia was 98.9% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Mongolia?
- The highest recorded value was 99.2% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in Mongolia?
- The lowest recorded value was 79.8% in 2011.
- How does Mongolia rank for account ownership at a financial institution or with a?
- Mongolia ranks 8th out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Mongolia?
- Over the last ten years it is up 8.2%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, older adults (% of population ages 25+). Statizoid updates them automatically from the source API.
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About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (older adults, % of population ages 25+).