Domestic credit to private sector in Mongolia
Mongolia: Domestic credit to private sector was 45.8% in 2020. ◆ Volatile
Domestic credit to private sector in Mongolia, 1991–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Mongolia recorded 45.8% for domestic credit to private sector in 2020.
Compared with earlier readings it is down 6.4% on the previous year and up 33.9% over ten years.
Over the whole period, domestic credit to private sector in Mongolia peaked at 59.9% in 2013 and was at its lowest, 5.2%, in 1997.
Mongolia ranks 99th of 187 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.
Domestic credit to private sector in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1991 | 14.8% | — |
| 1992 | 13.1% | -11.9% |
| 1993 | 6.4% | -50.7% |
| 1994 | 10.7% | +65.4% |
| 1995 | 8.0% | -25.4% |
| 1996 | 8.8% | +11.2% |
| 1997 | 5.2% | -41.6% |
| 1998 | 9.1% | +76.7% |
| 1999 | 7.4% | -18.5% |
| 2000 | 6.9% | -6.8% |
| 2001 | 9.1% | +31.9% |
| 2002 | 14.4% | +57.6% |
| 2003 | 22.3% | +54.8% |
| 2004 | 25.6% | +14.6% |
| 2005 | 27.6% | +7.8% |
| 2006 | 30.1% | +9.3% |
| 2007 | 41.6% | +38.0% |
| 2008 | 39.9% | -4.0% |
| 2009 | 40.3% | +1.0% |
| 2010 | 34.2% | -15.2% |
| 2011 | 43.5% | +27.2% |
| 2012 | 43.7% | +0.5% |
| 2013 | 59.9% | +36.9% |
| 2014 | 59.3% | -1.0% |
| 2015 | 54.5% | -8.2% |
| 2016 | 56.9% | +4.6% |
| 2017 | 52.8% | -7.2% |
| 2018 | 55.4% | +4.9% |
| 2019 | 48.9% | -11.7% |
| 2020 | 45.8% | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.3% | 5.2% | 14.8% | 9 |
| 2000s | 25.8% | 6.9% | 41.6% | 10 |
| 2010s | 50.9% | 34.2% | 59.9% | 10 |
| 2020s | 45.8% | 45.8% | 45.8% | 1 |
Countries ranked near Mongolia
- 96 Ecuador 47.4% compare
- 97 Saint Vincent and the Grenadines 47.1% compare
- 98 Seychelles 46.8% compare
- 100 Serbia 45.5% compare
- 101 Trinidad and Tobago 45.4% compare
- 102 Slovenia 43.4% 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 domestic credit to private sector in Mongolia?
- Domestic credit to private sector in Mongolia was 45.8% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Mongolia?
- The highest recorded value was 59.9% in 2013.
- What is the lowest domestic credit to private sector recorded in Mongolia?
- The lowest recorded value was 5.2% in 1997.
- How does Mongolia rank for domestic credit to private sector?
- Mongolia ranks 99th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Mongolia?
- Over the last ten years it is up 33.9%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). 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
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.