Domestic credit to private sector in Mongolia
Mongolia: Domestic credit to private sector was 44.9% in 2024. ◆ Volatile
Domestic credit to private sector in Mongolia, 1991–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Mongolia is 44.9%, measured in 2024.
Compared with earlier readings it is up 16.3% on the previous year and down 24.3% 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 89th 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% |
| 2021 | 47.5% | +3.7% |
| 2022 | 41.0% | -13.7% |
| 2023 | 38.6% | -5.8% |
| 2024 | 44.9% | +16.3% |
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 | 43.6% | 38.6% | 47.5% | 5 |
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 domestic credit to private sector in Mongolia?
- Domestic credit to private sector in Mongolia was 44.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- 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 89th out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Mongolia?
- Over the last ten years it is down 24.3%. 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 Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 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 by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.