Interest rate spread (lending rate minus deposit rate, %) in Mongolia
Mongolia: Interest rate spread (lending rate minus deposit rate, %) was 9.4% in 2021. ◆ Volatile
Interest rate spread in Mongolia, 1998–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2021, interest rate spread in Mongolia stood at 9.4%.
The figure is up 41.0% on the previous year and up 53.3% over ten years.
Over the whole period, interest rate spread in Mongolia peaked at 23.1% in 2001 and was at its lowest, 5.3%, in 2018.
That places Mongolia 22nd out of 141 countries with data for 2021, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread (lending rate minus deposit rate, %) in Mongolia, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1998 | 14.8% | — |
| 1999 | 20.6% | +39.5% |
| 2000 | 20.2% | -2.1% |
| 2001 | 23.1% | +14.4% |
| 2002 | 22.3% | -3.3% |
| 2003 | 17.9% | -19.8% |
| 2004 | 17.3% | -3.2% |
| 2005 | 17.6% | +1.4% |
| 2006 | 13.9% | -20.7% |
| 2007 | 8.4% | -39.9% |
| 2008 | 9.2% | +9.8% |
| 2009 | 8.4% | -8.8% |
| 2010 | 8.2% | -2.1% |
| 2011 | 6.1% | -25.3% |
| 2012 | 6.8% | +11.5% |
| 2013 | 6.4% | -5.9% |
| 2014 | 6.7% | +4.3% |
| 2015 | 6.6% | -1.9% |
| 2016 | 6.5% | -1.7% |
| 2017 | 7.1% | +9.0% |
| 2018 | 5.3% | -25.1% |
| 2019 | 6.0% | +14.4% |
| 2020 | 6.7% | +10.5% |
| 2021 | 9.4% | +41.0% |
Mongolia compared with similar countries
- Mongolia's 9.4% is above the median for upper middle income countries, which is 5.4%, 1.8× the median. (49 countries reporting)
- Mongolia's 9.4% is above the median for East Asia & Pacific, which is 5.0%, 1.9× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.7% | 14.8% | 20.6% | 2 |
| 2000s | 15.8% | 8.4% | 23.1% | 10 |
| 2010s | 6.6% | 5.3% | 8.2% | 10 |
| 2020s | 8.0% | 6.7% | 9.4% | 2 |
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 interest rate spread in Mongolia?
- Interest rate spread in Mongolia was 9.4% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Mongolia?
- The highest recorded value was 23.1% in 2001.
- What is the lowest interest rate spread recorded in Mongolia?
- The lowest recorded value was 5.3% in 2018.
- How does Mongolia rank for interest rate spread?
- Mongolia ranks 22nd out of 141 countries with data for 2021.
- Is interest rate spread rising or falling in Mongolia?
- Over the last ten years it is up 53.3%. 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 Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.