Money market Rate, Percent per annum in Mongolia
Mongolia: Money market Rate, Percent per annum was 6.09 in 2021. ▲ Rising
Money market Rate, Percent per annum in Mongolia, 2003–2021
Source: International Monetary Fund.
Analysis
Mongolia recorded 6.09 for money market rate, percent per annum in 2021.
Compared with earlier readings it is down 31.1% on the previous year and down 40.8% over ten years.
Over the whole period, money market rate, percent per annum in Mongolia peaked at 13.94 in 2008 and was at its lowest, 5.97, in 2006.
Mongolia ranks 39th of 94 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Money market Rate, Percent per annum in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 9.85 | — |
| 2004 | 11.71 | +19.0% |
| 2005 | 7.51 | -35.9% |
| 2006 | 5.97 | -20.5% |
| 2007 | 6.34 | +6.1% |
| 2008 | 13.94 | +120.0% |
| 2009 | 13.57 | -2.7% |
| 2010 | 9.21 | -32.1% |
| 2011 | 10.29 | +11.7% |
| 2012 | 13.3 | +29.3% |
| 2013 | 10.59 | -20.4% |
| 2014 | 11.41 | +7.7% |
| 2015 | 12.99 | +13.9% |
| 2016 | 13.47 | +3.6% |
| 2017 | 13.24 | -1.7% |
| 2018 | 10.26 | -22.5% |
| 2019 | 11.08 | +7.9% |
| 2020 | 8.84 | -20.2% |
| 2021 | 6.09 | -31.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.84 | 5.97 | 13.94 | 7 |
| 2010s | 11.58 | 9.21 | 13.47 | 10 |
| 2020s | 7.46 | 6.09 | 8.84 | 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 money market rate, percent per annum in Mongolia?
- Money market rate, percent per annum in Mongolia was 6.09 in 2021, according to International Monetary Fund.
- What is the highest money market rate, percent per annum recorded in Mongolia?
- The highest recorded value was 13.94 in 2008.
- What is the lowest money market rate, percent per annum recorded in Mongolia?
- The lowest recorded value was 5.97 in 2006.
- How does Mongolia rank for money market rate, percent per annum?
- Mongolia ranks 39th out of 94 countries with data for 2021.
- Is money market rate, percent per annum rising or falling in Mongolia?
- Over the last ten years it is down 40.8%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund, published as part of Money market Rate, Percent per annum. Statizoid updates them automatically from the source API.
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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.