Deposit rate, Foreign Currency, Rate, Percent per annum in Mongolia
Mongolia: Deposit rate, Foreign Currency, Rate, Percent per annum was 2.16 in 2021. ▼ Falling
Deposit rate, Foreign Currency, Rate, Percent per annum in Mongolia, 1998–2021
Source: International Monetary Fund.
Analysis
In 2021, deposit rate, foreign currency, rate, percent per annum in Mongolia stood at 2.16. That is the lowest value across all 24 years on record.
The figure is down 41.3% on the previous year and down 54.1% over ten years.
Over the whole period, deposit rate, foreign currency, rate, percent per annum in Mongolia peaked at 13.43 in 1998 and was at its lowest, 2.16, in 2021.
That places Mongolia 17th out of 39 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Deposit rate, Foreign Currency, Rate, Percent per annum in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 13.43 | — |
| 1999 | 11.72 | -12.7% |
| 2000 | 7.9 | -32.6% |
| 2001 | 7.16 | -9.4% |
| 2002 | 7.03 | -1.7% |
| 2003 | 6.88 | -2.2% |
| 2004 | 6.27 | -8.8% |
| 2005 | 5.72 | -8.7% |
| 2006 | 6.26 | +9.3% |
| 2007 | 6.36 | +1.7% |
| 2008 | 7.28 | +14.5% |
| 2009 | 6.73 | -7.6% |
| 2010 | 5.44 | -19.2% |
| 2011 | 4.7 | -13.6% |
| 2012 | 5.54 | +17.8% |
| 2013 | 5.77 | +4.2% |
| 2014 | 5.56 | -3.6% |
| 2015 | 6.31 | +13.5% |
| 2016 | 6.38 | +1.1% |
| 2017 | 5.66 | -11.3% |
| 2018 | 5.31 | -6.1% |
| 2019 | 4.72 | -11.2% |
| 2020 | 3.68 | -22.0% |
| 2021 | 2.16 | -41.3% |
Mongolia compared with similar countries
- Mongolia's 2.16 is above the median for upper middle income countries, which is 1.4, 1.5× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.57 | 11.72 | 13.43 | 2 |
| 2000s | 6.76 | 5.72 | 7.9 | 10 |
| 2010s | 5.54 | 4.7 | 6.38 | 10 |
| 2020s | 2.92 | 2.16 | 3.68 | 2 |
Countries ranked near Mongolia
- 14 Georgia 2.36 compare
- 15 Oman 2.26 compare
- 16 Croatia 2.16 compare
- 18 Afghanistan 1.86 compare
- 19 North Macedonia 1.66 compare
- 20 Trinidad and Tobago 1.5 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 deposit rate, foreign currency, rate, percent per annum in Mongolia?
- Deposit rate, foreign currency, rate, percent per annum in Mongolia was 2.16 in 2021, according to International Monetary Fund.
- What is the highest deposit rate, foreign currency, rate, percent per annum recorded in Mongolia?
- The highest recorded value was 13.43 in 1998.
- What is the lowest deposit rate, foreign currency, rate, percent per annum recorded in Mongolia?
- The lowest recorded value was 2.16 in 2021.
- How does Mongolia rank for deposit rate, foreign currency, rate, percent per annum?
- Mongolia ranks 17th out of 39 countries with data for 2021.
- Is deposit rate, foreign currency, rate, percent per annum rising or falling in Mongolia?
- Over the last ten years it is down 54.1%. The long-run trend across the full record is falling.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund, published as part of Deposit rate, Foreign Currency, Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.