Financial Institutions Efficiency Index in Mongolia
Mongolia: Financial Institutions Efficiency Index was 0.5942 in 2020. β Volatile
Financial Institutions Efficiency Index in Mongolia, 1980β2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions efficiency index in Mongolia stood at 0.5942.
The figure is down 6.3% on the previous year and down 13.5% over ten years.
Over the whole period, financial institutions efficiency index in Mongolia peaked at 0.6976 in 2011 and was at its lowest, 0, in 1980.
That places Mongolia 87th out of 183 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.3486 | 0 | 0.5598 | 10 |
| 2000s | 0.515 | 0.3839 | 0.6519 | 10 |
| 2010s | 0.6458 | 0.6076 | 0.6976 | 10 |
| 2020s | 0.5942 | 0.5942 | 0.5942 | 1 |
Countries ranked near Mongolia
More financial sector data for Mongolia
- Net domestic credit (current LCU), per capita 10.28 million current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1,523 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 20.69 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 8.78 million SDR (2025)
- Gold reserves at market value 800.18 million SDR (2025)
- Reserves excluding gold, foreign exchange 4.24 billion SDR (2025)
- Reserves excluding gold 4.31 billion SDR (2025)
- Total reserves (gold at market value) 5.11 billion SDR (2025)
- Total reserves (gold at national valuation) 5.12 billion SDR (2025)
- Domestic credit to private sector by banks 48.5% (2025)
Frequently asked questions
- What is financial institutions efficiency index in Mongolia?
- Financial institutions efficiency index in Mongolia was 0.5942 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Mongolia?
- The highest recorded value was 0.6976 in 2011.
- What is the lowest financial institutions efficiency index recorded in Mongolia?
- The lowest recorded value was 0 in 1980.
- How does Mongolia rank for financial institutions efficiency index?
- Mongolia ranks 87th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Mongolia?
- Over the last ten years it is down 13.5%. 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 Institutions Efficiency Index. Statizoid updates them automatically from the source API.
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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.