Deposit interest rate in Mongolia
Mongolia: Deposit interest rate was 6.6% in 2021. ◆ Volatile
Deposit interest rate in Mongolia, 1992–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Mongolia recorded 6.6% for deposit interest rate in 2021. That is the lowest value across all 30 years on record.
Compared with earlier readings it is down 35.7% on the previous year and down 37.0% over ten years.
Over the whole period, deposit interest rate in Mongolia peaked at 500.0% in 1992 and was at its lowest, 6.6%, in 2021.
Mongolia ranks 42nd of 153 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.
Deposit interest rate in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 500.0% | — |
| 1993 | 280.2% | -44.0% |
| 1994 | 115.7% | -58.7% |
| 1995 | 74.6% | -35.5% |
| 1996 | 44.8% | -40.0% |
| 1997 | 36.4% | -18.7% |
| 1998 | 33.3% | -8.4% |
| 1999 | 23.4% | -29.7% |
| 2000 | 16.8% | -28.3% |
| 2001 | 14.3% | -14.9% |
| 2002 | 13.2% | -7.6% |
| 2003 | 14.0% | +6.1% |
| 2004 | 14.2% | +1.0% |
| 2005 | 13.0% | -8.1% |
| 2006 | 13.0% | +0.1% |
| 2007 | 13.5% | +3.5% |
| 2008 | 11.4% | -15.4% |
| 2009 | 13.3% | +16.6% |
| 2010 | 11.9% | -10.7% |
| 2011 | 10.5% | -11.7% |
| 2012 | 11.3% | +7.6% |
| 2013 | 12.0% | +6.8% |
| 2014 | 12.3% | +2.2% |
| 2015 | 13.0% | +5.4% |
| 2016 | 13.3% | +2.3% |
| 2017 | 13.0% | -2.4% |
| 2018 | 12.4% | -4.0% |
| 2019 | 11.0% | -11.9% |
| 2020 | 10.3% | -6.4% |
| 2021 | 6.6% | -35.7% |
Mongolia compared with similar countries
- Mongolia's 6.6% is above the median for upper middle income countries, which is 4.1%, 1.6× the median. (53 countries reporting)
- Mongolia's 6.6% is above the median for East Asia & Pacific, which is 1.5%, 4.4× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 138.5% | 23.4% | 500.0% | 8 |
| 2000s | 13.7% | 11.4% | 16.8% | 10 |
| 2010s | 12.1% | 10.5% | 13.3% | 10 |
| 2020s | 8.4% | 6.6% | 10.3% | 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 deposit interest rate in Mongolia?
- Deposit interest rate in Mongolia was 6.6% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Mongolia?
- The highest recorded value was 500.0% in 1992.
- What is the lowest deposit interest rate recorded in Mongolia?
- The lowest recorded value was 6.6% in 2021.
- How does Mongolia rank for deposit interest rate?
- Mongolia ranks 42nd out of 153 countries with data for 2021.
- Is deposit interest rate rising or falling in Mongolia?
- Over the last ten years it is down 37.0%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.