Lending interest rate in Mongolia
Mongolia: Lending interest rate was 16.0% in 2021. ▼ Falling
Lending interest rate in Mongolia, 1998–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Mongolia is 16.0%, measured in 2021. That is the lowest value across all 24 years on record.
Compared with earlier readings it is down 5.5% on the previous year and down 3.6% over ten years.
Over the whole period, lending interest rate in Mongolia peaked at 48.1% in 1998 and was at its lowest, 16.0%, in 2021.
That places Mongolia 29th out of 149 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Lending interest rate in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 48.1% | — |
| 1999 | 44.0% | -8.4% |
| 2000 | 37.0% | -16.0% |
| 2001 | 37.4% | +1.1% |
| 2002 | 35.5% | -4.9% |
| 2003 | 31.9% | -10.2% |
| 2004 | 31.5% | -1.4% |
| 2005 | 30.6% | -2.9% |
| 2006 | 26.9% | -11.9% |
| 2007 | 21.8% | -19.0% |
| 2008 | 20.6% | -5.7% |
| 2009 | 21.7% | +5.3% |
| 2010 | 20.1% | -7.4% |
| 2011 | 16.6% | -17.2% |
| 2012 | 18.1% | +9.1% |
| 2013 | 18.5% | +2.0% |
| 2014 | 19.0% | +2.9% |
| 2015 | 19.6% | +2.8% |
| 2016 | 19.7% | +0.9% |
| 2017 | 20.0% | +1.3% |
| 2018 | 17.7% | -11.5% |
| 2019 | 17.0% | -4.1% |
| 2020 | 16.9% | -0.4% |
| 2021 | 16.0% | -5.5% |
Mongolia compared with similar countries
- Mongolia's 16.0% is above the median for upper middle income countries, which is 8.8%, 1.8× the median. (49 countries reporting)
- Mongolia's 16.0% is above the median for East Asia & Pacific, which is 5.5%, 2.9× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 46.0% | 44.0% | 48.1% | 2 |
| 2000s | 29.5% | 20.6% | 37.4% | 10 |
| 2010s | 18.6% | 16.6% | 20.1% | 10 |
| 2020s | 16.5% | 16.0% | 16.9% | 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 lending interest rate in Mongolia?
- Lending interest rate in Mongolia was 16.0% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Mongolia?
- The highest recorded value was 48.1% in 1998.
- What is the lowest lending interest rate recorded in Mongolia?
- The lowest recorded value was 16.0% in 2021.
- How does Mongolia rank for lending interest rate?
- Mongolia ranks 29th out of 149 countries with data for 2021.
- Is lending interest rate rising or falling in Mongolia?
- Over the last ten years it is down 3.6%. The long-run trend across the full record is falling.
- Where does this Mongolia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.