Loans from nonresident banks (amounts outstanding) to GDP in Mongolia
Mongolia: Loans from nonresident banks (amounts outstanding) to GDP was 54.5% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Mongolia, 2002–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
The most recent figure for loans from nonresident banks (amounts outstanding) to gdp in Mongolia is 54.5%, measured in 2021.
That represents a change of down 14.7% on the previous year and up 1,823.3% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Mongolia peaked at 63.9% in 2020 and was at its lowest, 2.8%, in 2011.
Mongolia ranks 27th of 136 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Loans from nonresident banks (amounts outstanding) to GDP in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 2002 | 7.2% | — |
| 2003 | 6.3% | -12.5% |
| 2004 | 5.0% | -19.9% |
| 2005 | 4.0% | -21.1% |
| 2006 | 2.9% | -26.1% |
| 2007 | 4.1% | +41.1% |
| 2008 | 3.1% | -24.7% |
| 2009 | 3.8% | +22.7% |
| 2010 | 3.8% | +0.2% |
| 2011 | 2.8% | -25.9% |
| 2012 | 26.5% | +834.4% |
| 2013 | 27.1% | +2.4% |
| 2014 | 28.5% | +5.3% |
| 2015 | 37.1% | +30.0% |
| 2016 | 47.4% | +27.8% |
| 2017 | 59.8% | +26.2% |
| 2018 | 50.8% | -15.0% |
| 2019 | 59.1% | +16.2% |
| 2020 | 63.9% | +8.2% |
| 2021 | 54.5% | -14.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.6% | 2.9% | 7.2% | 8 |
| 2010s | 34.3% | 2.8% | 59.8% | 10 |
| 2020s | 59.2% | 54.5% | 63.9% | 2 |
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)
- Total reserves (gold at national valuation) (SDR), per capita 1,433 SDR per person (2025)
Frequently asked questions
- What is loans from nonresident banks (amounts outstanding) to gdp in Mongolia?
- Loans from nonresident banks (amounts outstanding) to gdp in Mongolia was 54.5% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Mongolia?
- The highest recorded value was 63.9% in 2020.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Mongolia?
- The lowest recorded value was 2.8% in 2011.
- How does Mongolia rank for loans from nonresident banks (amounts outstanding) to gdp?
- Mongolia ranks 27th out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Mongolia?
- Over the last ten years it is up 1,823.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.