Net domestic credit (current LCU), annual growth rate in Mongolia
Mongolia: Net domestic credit (current LCU), annual growth rate was 20.69 % change on previous year in 2024. ◆ Volatile
Net domestic credit (current LCU), annual growth rate in Mongolia, 1992–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, net domestic credit (current lcu), annual growth rate in Mongolia stood at 20.69 % change on previous year.
That represents a change of up 67.1% on the previous year and down 34.7% over ten years.
Over the whole period, net domestic credit (current lcu), annual growth rate in Mongolia peaked at 161.51 % change on previous year in 2013 and was at its lowest, -27.17 % change on previous year, in 1997.
That places Mongolia 36th out of 186 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net domestic credit (current LCU), annual growth rate in Mongolia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 54.39 % change on previous year | — |
| 1993 | 59.95 % change on previous year | +10.2% |
| 1994 | 78.99 % change on previous year | +31.8% |
| 1995 | -26.07 % change on previous year | -133.0% |
| 1996 | 123.35 % change on previous year | -573.2% |
| 1997 | -27.17 % change on previous year | -122.0% |
| 1998 | 101.95 % change on previous year | -475.2% |
| 1999 | -12.84 % change on previous year | -112.6% |
| 2000 | -8.29 % change on previous year | -35.4% |
| 2001 | 24.03 % change on previous year | -389.8% |
| 2002 | 51.55 % change on previous year | +114.6% |
| 2003 | 76.96 % change on previous year | +49.3% |
| 2004 | 75.47 % change on previous year | -1.9% |
| 2005 | 26.71 % change on previous year | -64.6% |
| 2006 | -0.6623 % change on previous year | -102.5% |
| 2007 | 72.86 % change on previous year | -11101.7% |
| 2008 | 47.99 % change on previous year | -34.1% |
| 2009 | -5.79 % change on previous year | -112.1% |
| 2010 | 29.48 % change on previous year | -609.4% |
| 2011 | 77.44 % change on previous year | +162.7% |
| 2012 | -3.8 % change on previous year | -104.9% |
| 2013 | 161.51 % change on previous year | -4355.8% |
| 2014 | 31.68 % change on previous year | -80.4% |
| 2015 | 8.6 % change on previous year | -72.9% |
| 2016 | 13.49 % change on previous year | +56.9% |
| 2017 | 0.4406 % change on previous year | -96.7% |
| 2018 | 15.05 % change on previous year | +3316.6% |
| 2019 | -7.1 % change on previous year | -147.1% |
| 2020 | 2.49 % change on previous year | -135.0% |
| 2021 | 25.88 % change on previous year | +941.0% |
| 2022 | 5.96 % change on previous year | -77.0% |
| 2023 | 12.39 % change on previous year | +107.8% |
| 2024 | 20.69 % change on previous year | +67.1% |
Mongolia compared with similar countries
- Mongolia's 20.69 % change on previous year is above the median for upper middle income countries, which is 10.49 % change on previous year, 2.0× the median. (55 countries reporting)
- Mongolia's 20.69 % change on previous year is above the median for East Asia & Pacific, which is 5.35 % change on previous year, 3.9× the median. (26 countries reporting)
Biggest year-on-year movements
Years where Net domestic credit (current LCU), annual growth rate in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +11101.7% | -0.6623 % change on previous year | 72.86 % change on previous year |
| 2013 | +4355.8% | -3.8 % change on previous year | 161.51 % change on previous year |
| 2018 | +3316.6% | 0.4406 % change on previous year | 15.05 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 44.07 % change on previous year | -27.17 % change on previous year | 123.35 % change on previous year | 8 |
| 2000s | 36.08 % change on previous year | -8.29 % change on previous year | 76.96 % change on previous year | 10 |
| 2010s | 32.68 % change on previous year | -7.1 % change on previous year | 161.51 % change on previous year | 10 |
| 2020s | 13.48 % change on previous year | 2.49 % change on previous year | 25.88 % change on previous year | 5 |
Countries ranked near Mongolia
- 33 Syria 22.96 % change on previous year compare
- 34 Saudi Arabia 21.57 % change on previous year compare
- 35 Canada 20.77 % change on previous year compare
- 37 Uzbekistan 20.24 % change on previous year compare
- 38 Serbia 20.17 % change on previous year compare
- 39 Burundi 19.31 % change on previous year 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 net domestic credit (current lcu), annual growth rate in Mongolia?
- Net domestic credit (current lcu), annual growth rate in Mongolia was 20.69 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest net domestic credit (current lcu), annual growth rate recorded in Mongolia?
- The highest recorded value was 161.51 % change on previous year in 2013.
- What is the lowest net domestic credit (current lcu), annual growth rate recorded in Mongolia?
- The lowest recorded value was -27.17 % change on previous year in 1997.
- How does Mongolia rank for net domestic credit (current lcu), annual growth rate?
- Mongolia ranks 36th out of 186 countries with data for 2024.
- Is net domestic credit (current lcu), annual growth rate rising or falling in Mongolia?
- Over the last ten years it is down 34.7%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Statizoid (derived), published as part of Net domestic credit (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Net domestic credit International Financial Statistics database, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Net domestic credit (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.