Monetary Sector credit to private sector (% GDP) in Mongolia
Mongolia: Monetary Sector credit to private sector (% GDP) was 44.9% in 2024. ◆ Volatile
Monetary Sector credit to private sector in Mongolia, 1991–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % GDP.
Analysis
The most recent figure for monetary sector credit to private sector in Mongolia is 44.9%, measured in 2024.
That represents a change of up 16.3% on the previous year and down 24.3% over ten years.
Over the whole period, monetary sector credit to private sector in Mongolia peaked at 59.9% in 2013 and was at its lowest, 5.2%, in 1997.
That places Mongolia 84th out of 187 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Monetary Sector credit to private sector (% GDP) in Mongolia, year by year
| Year | % GDP | Change |
|---|---|---|
| 1991 | 14.8% | — |
| 1992 | 13.1% | -11.9% |
| 1993 | 6.4% | -50.7% |
| 1994 | 10.7% | +65.4% |
| 1995 | 8.0% | -25.4% |
| 1996 | 8.8% | +11.2% |
| 1997 | 5.2% | -41.6% |
| 1998 | 9.1% | +76.7% |
| 1999 | 7.4% | -18.5% |
| 2000 | 6.9% | -6.8% |
| 2001 | 9.1% | +31.9% |
| 2002 | 14.4% | +57.6% |
| 2003 | 22.3% | +54.8% |
| 2004 | 25.6% | +14.6% |
| 2005 | 27.6% | +7.8% |
| 2006 | 30.1% | +9.3% |
| 2007 | 41.6% | +38.0% |
| 2008 | 39.9% | -4.0% |
| 2009 | 40.3% | +1.0% |
| 2010 | 34.2% | -15.2% |
| 2011 | 43.5% | +27.2% |
| 2012 | 43.7% | +0.5% |
| 2013 | 59.9% | +36.9% |
| 2014 | 59.3% | -1.0% |
| 2015 | 54.5% | -8.2% |
| 2016 | 56.9% | +4.6% |
| 2017 | 52.8% | -7.2% |
| 2018 | 55.4% | +4.9% |
| 2019 | 48.9% | -11.7% |
| 2020 | 45.8% | -6.4% |
| 2021 | 47.5% | +3.7% |
| 2022 | 41.0% | -13.7% |
| 2023 | 38.6% | -5.8% |
| 2024 | 44.9% | +16.3% |
Mongolia compared with similar countries
- Mongolia's 44.9% is above the median for upper middle income countries, which is 39.9%, 1.1× the median. (55 countries reporting)
- Mongolia's 44.9% is below the median for East Asia & Pacific, which is 65.2%, 69% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.3% | 5.2% | 14.8% | 9 |
| 2000s | 25.8% | 6.9% | 41.6% | 10 |
| 2010s | 50.9% | 34.2% | 59.9% | 10 |
| 2020s | 43.6% | 38.6% | 47.5% | 5 |
Countries ranked near Mongolia
- 81 Bosnia and Herzegovina 46.1% compare
- 82 Jamaica 45.9% compare
- 83 Montenegro 45.3% compare
- 85 United States 44.5% compare
- 86 India 44.0% compare
- 87 Belize 43.1% compare
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 monetary sector credit to private sector in Mongolia?
- Monetary sector credit to private sector in Mongolia was 44.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest monetary sector credit to private sector recorded in Mongolia?
- The highest recorded value was 59.9% in 2013.
- What is the lowest monetary sector credit to private sector recorded in Mongolia?
- The lowest recorded value was 5.2% in 1997.
- How does Mongolia rank for monetary sector credit to private sector?
- Mongolia ranks 84th out of 187 countries with data for 2024.
- Is monetary sector credit to private sector rising or falling in Mongolia?
- Over the last ten years it is down 24.3%. 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 Monetary Sector credit to private sector (% GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.