Financial Development Index in Mongolia
Mongolia: Financial Development Index was 0.3305 in 2020. ◆ Volatile
Financial Development Index in Mongolia, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial development index in Mongolia stood at 0.3305.
The figure is down 4.6% on the previous year and up 30.5% over ten years.
Over the whole period, financial development index in Mongolia peaked at 0.3949 in 2018 and was at its lowest, 0, in 1980.
Mongolia ranks 71st of 183 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.
Financial Development Index in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0 | — |
| 1981 | 0 | — |
| 1982 | 0 | — |
| 1983 | 0 | — |
| 1984 | 0 | — |
| 1985 | 0 | — |
| 1986 | 0 | — |
| 1987 | 0 | — |
| 1988 | 0 | — |
| 1989 | 0 | — |
| 1990 | 0 | — |
| 1991 | 0.1008 | — |
| 1992 | 0.0857 | -15.0% |
| 1993 | 0.0833 | -2.8% |
| 1994 | 0.1365 | +63.9% |
| 1995 | 0.0901 | -33.9% |
| 1996 | 0.0924 | +2.5% |
| 1997 | 0.0912 | -1.3% |
| 1998 | 0.1577 | +73.0% |
| 1999 | 0.1162 | -26.3% |
| 2000 | 0.1236 | +6.4% |
| 2001 | 0.1252 | +1.3% |
| 2002 | 0.1678 | +34.0% |
| 2003 | 0.1791 | +6.7% |
| 2004 | 0.1864 | +4.1% |
| 2005 | 0.1974 | +5.9% |
| 2006 | 0.2104 | +6.6% |
| 2007 | 0.2315 | +10.1% |
| 2008 | 0.2351 | +1.5% |
| 2009 | 0.2414 | +2.7% |
| 2010 | 0.2533 | +4.9% |
| 2011 | 0.2694 | +6.3% |
| 2012 | 0.3061 | +13.6% |
| 2013 | 0.3133 | +2.4% |
| 2014 | 0.32 | +2.1% |
| 2015 | 0.3609 | +12.8% |
| 2016 | 0.3769 | +4.4% |
| 2017 | 0.3719 | -1.3% |
| 2018 | 0.3949 | +6.2% |
| 2019 | 0.3463 | -12.3% |
| 2020 | 0.3305 | -4.6% |
Mongolia compared with similar countries
- Mongolia's 0.3305 is above the median for upper middle income countries, which is 0.2539, 1.3× the median. (54 countries reporting)
- Mongolia's 0.3305 is above the median for East Asia & Pacific, which is 0.3228, 1.0× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Financial Development Index in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +73.0% | 0.0912 | 0.1577 |
| 1994 | +63.9% | 0.0833 | 0.1365 |
| 1995 | -33.9% | 0.1365 | 0.0901 |
| 1999 | -26.3% | 0.1577 | 0.1162 |
| 2002 | +34.0% | 0.1252 | 0.1678 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.0954 | 0 | 0.1577 | 10 |
| 2000s | 0.1898 | 0.1236 | 0.2414 | 10 |
| 2010s | 0.3313 | 0.2533 | 0.3949 | 10 |
| 2020s | 0.3305 | 0.3305 | 0.3305 | 1 |
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 financial development index in Mongolia?
- Financial development index in Mongolia was 0.3305 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Mongolia?
- The highest recorded value was 0.3949 in 2018.
- What is the lowest financial development index recorded in Mongolia?
- The lowest recorded value was 0 in 1980.
- How does Mongolia rank for financial development index?
- Mongolia ranks 71st out of 183 countries with data for 2020.
- Is financial development index rising or falling in Mongolia?
- Over the last ten years it is up 30.5%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
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About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.