Bank deposits to GDP (%) in Mongolia
Mongolia: Bank deposits to GDP (%) was 62.6% in 2021. ◆ Volatile
Bank deposits to GDP in Mongolia, 1991–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, bank deposits to gdp in Mongolia stood at 62.6%.
The figure is down 1.1% on the previous year and up 41.2% over ten years.
Over the whole period, bank deposits to gdp in Mongolia peaked at 63.3% in 2020 and was at its lowest, 9.2%, in 1996.
Mongolia ranks 82nd of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP (%) in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 31.0% | — |
| 1992 | 17.1% | -44.9% |
| 1993 | 12.8% | -25.2% |
| 1994 | 13.0% | +1.7% |
| 1995 | 10.0% | -22.7% |
| 1996 | 9.2% | -8.3% |
| 1997 | 11.0% | +19.8% |
| 1998 | 10.0% | -9.1% |
| 1999 | 10.5% | +4.9% |
| 2000 | 11.0% | +4.9% |
| 2001 | 13.6% | +23.4% |
| 2002 | 19.3% | +41.4% |
| 2003 | 26.8% | +38.9% |
| 2004 | 25.6% | -4.4% |
| 2005 | 33.2% | +29.8% |
| 2006 | 33.1% | -0.2% |
| 2007 | 42.3% | +27.7% |
| 2008 | 28.9% | -31.7% |
| 2009 | 38.7% | +33.8% |
| 2010 | 43.7% | +13.0% |
| 2011 | 44.3% | +1.5% |
| 2012 | 41.2% | -7.1% |
| 2013 | 45.2% | +9.7% |
| 2014 | 44.7% | -1.0% |
| 2015 | 40.7% | -9.0% |
| 2016 | 47.9% | +17.7% |
| 2017 | 54.1% | +13.0% |
| 2018 | 57.6% | +6.4% |
| 2019 | 54.0% | -6.3% |
| 2020 | 63.3% | +17.3% |
| 2021 | 62.6% | -1.1% |
Mongolia compared with similar countries
- Mongolia's 62.6% is above the median for upper middle income countries, which is 56.7%, 1.1× the median. (55 countries reporting)
- Mongolia's 62.6% is below the median for East Asia & Pacific, which is 81.6%, 77% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.9% | 9.2% | 31.0% | 9 |
| 2000s | 27.2% | 11.0% | 42.3% | 10 |
| 2010s | 47.3% | 40.7% | 57.6% | 10 |
| 2020s | 63.0% | 62.6% | 63.3% | 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 bank deposits to gdp in Mongolia?
- Bank deposits to gdp in Mongolia was 62.6% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Mongolia?
- The highest recorded value was 63.3% in 2020.
- What is the lowest bank deposits to gdp recorded in Mongolia?
- The lowest recorded value was 9.2% in 1996.
- How does Mongolia rank for bank deposits to gdp?
- Mongolia ranks 82nd out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Mongolia?
- Over the last ten years it is up 41.2%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).