Lending Rate, Percent per annum in Mongolia
Mongolia: Lending Rate, Percent per annum was 16.01 in 2021. ▼ Falling
Lending Rate, Percent per annum in Mongolia, 1998–2021
Source: International Monetary Fund.
Analysis
The most recent figure for lending rate, percent per annum in Mongolia is 16.01, 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 rate, percent per annum in Mongolia peaked at 48.06 in 1998 and was at its lowest, 16.01, in 2021.
Mongolia ranks 26th of 144 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, Percent per annum in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 1998 | 48.06 | — |
| 1999 | 44.01 | -8.4% |
| 2000 | 36.95 | -16.0% |
| 2001 | 37.35 | +1.1% |
| 2002 | 35.52 | -4.9% |
| 2003 | 31.91 | -10.2% |
| 2004 | 31.47 | -1.4% |
| 2005 | 30.57 | -2.9% |
| 2006 | 26.93 | -11.9% |
| 2007 | 21.83 | -19.0% |
| 2008 | 20.58 | -5.7% |
| 2009 | 21.67 | +5.3% |
| 2010 | 20.07 | -7.4% |
| 2011 | 16.61 | -17.2% |
| 2012 | 18.11 | +9.1% |
| 2013 | 18.48 | +2.0% |
| 2014 | 19.03 | +2.9% |
| 2015 | 19.56 | +2.8% |
| 2016 | 19.74 | +0.9% |
| 2017 | 20.01 | +1.3% |
| 2018 | 17.71 | -11.5% |
| 2019 | 17 | -4.1% |
| 2020 | 16.93 | -0.4% |
| 2021 | 16.01 | -5.5% |
Mongolia compared with similar countries
- Mongolia's 16.01 is above the median for upper middle income countries, which is 8.99, 1.8× the median. (46 countries reporting)
- Mongolia's 16.01 is above the median for East Asia & Pacific, which is 5.48, 2.9× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 46.04 | 44.01 | 48.06 | 2 |
| 2000s | 29.48 | 20.58 | 37.35 | 10 |
| 2010s | 18.63 | 16.61 | 20.07 | 10 |
| 2020s | 16.47 | 16.01 | 16.93 | 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, percent per annum in Mongolia?
- Lending rate, percent per annum in Mongolia was 16.01 in 2021, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Mongolia?
- The highest recorded value was 48.06 in 1998.
- What is the lowest lending rate, percent per annum recorded in Mongolia?
- The lowest recorded value was 16.01 in 2021.
- How does Mongolia rank for lending rate, percent per annum?
- Mongolia ranks 26th out of 144 countries with data for 2021.
- Is lending rate, percent per annum 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 Monetary Fund, published as part of Lending 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.