Account ownership at a financial institution or with a in Mongolia
Mongolia: Account ownership at a financial institution or with a was 95.2% 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 15+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Mongolia is 95.2%, measured in 2024.
That represents a change of down 1.4% on the previous year and up 22.5% over ten years.
Over the whole period, account ownership at a financial institution or with a in Mongolia peaked at 96.5% in 2021 and was at its lowest, 53.6%, in 2011.
That places Mongolia 16th out of 105 countries with data for 2024, putting it in the top quarter.
Account ownership at a financial institution or with a in Mongolia, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 53.6% | — |
| 2014 | 77.7% | +45.1% |
| 2017 | 85.0% | +9.4% |
| 2021 | 96.5% | +13.6% |
| 2024 | 95.2% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 72.1% | 53.6% | 85.0% | 3 |
| 2020s | 95.9% | 95.2% | 96.5% | 2 |
Countries ranked near Mongolia
- 13 Estonia 96.7% compare
- 14 New Zealand 96.5% compare
- 15 Netherlands 95.9% compare
- 17 Hong Kong, China 93.4% compare
- 18 Ireland 92.9% compare
- 19 United States of America 92.7% compare
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 95.2% 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 96.5% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in Mongolia?
- The lowest recorded value was 53.6% in 2011.
- How does Mongolia rank for account ownership at a financial institution or with a?
- Mongolia ranks 16th out of 105 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 22.5%. 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, primary education or less (% of population ages 15+). 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 (primary education or less, % of population ages 15+).