Lending rate, Foreign Currency, Rate, Percent per annum in Mongolia
Mongolia: Lending rate, Foreign Currency, Rate, Percent per annum was 9.45 in 2021. ▼ Falling
Lending rate, Foreign Currency, Rate, Percent per annum in Mongolia, 1998–2021
Source: International Monetary Fund.
Analysis
In 2021, lending rate, foreign currency, rate, percent per annum in Mongolia stood at 9.45. That is the lowest value across all 24 years on record.
That represents a change of down 9.1% on the previous year and down 25.2% over ten years.
Over the whole period, lending rate, foreign currency, rate, percent per annum in Mongolia peaked at 40.85 in 1998 and was at its lowest, 9.45, in 2021.
Mongolia ranks 7th of 33 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Lending rate, Foreign Currency, Rate, Percent per annum in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 40.85 | — |
| 1999 | 34.58 | -15.4% |
| 2000 | 28.54 | -17.4% |
| 2001 | 23.13 | -19.0% |
| 2002 | 21.24 | -8.2% |
| 2003 | 20.72 | -2.5% |
| 2004 | 19.27 | -7.0% |
| 2005 | 16.54 | -14.2% |
| 2006 | 16.01 | -3.2% |
| 2007 | 14.22 | -11.2% |
| 2008 | 15.4 | +8.3% |
| 2009 | 17.06 | +10.8% |
| 2010 | 14.42 | -15.5% |
| 2011 | 12.65 | -12.3% |
| 2012 | 13.34 | +5.5% |
| 2013 | 12.84 | -3.8% |
| 2014 | 12.43 | -3.2% |
| 2015 | 12.32 | -0.9% |
| 2016 | 12.34 | +0.2% |
| 2017 | 11.72 | -5.0% |
| 2018 | 10.82 | -7.7% |
| 2019 | 10.63 | -1.7% |
| 2020 | 10.4 | -2.2% |
| 2021 | 9.45 | -9.1% |
Mongolia compared with similar countries
- Mongolia's 9.45 is above the median for upper middle income countries, which is 7.51, 1.3× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 37.71 | 34.58 | 40.85 | 2 |
| 2000s | 19.21 | 14.22 | 28.54 | 10 |
| 2010s | 12.35 | 10.63 | 14.42 | 10 |
| 2020s | 9.93 | 9.45 | 10.4 | 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 lending rate, foreign currency, rate, percent per annum in Mongolia?
- Lending rate, foreign currency, rate, percent per annum in Mongolia was 9.45 in 2021, according to International Monetary Fund.
- What is the highest lending rate, foreign currency, rate, percent per annum recorded in Mongolia?
- The highest recorded value was 40.85 in 1998.
- What is the lowest lending rate, foreign currency, rate, percent per annum recorded in Mongolia?
- The lowest recorded value was 9.45 in 2021.
- How does Mongolia rank for lending rate, foreign currency, rate, percent per annum?
- Mongolia ranks 7th out of 33 countries with data for 2021.
- Is lending rate, foreign currency, rate, percent per annum rising or falling in Mongolia?
- Over the last ten years it is down 25.2%. The long-run trend across the full record is falling.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund, published as part of Lending rate, Foreign Currency, Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.