Private credit by deposit money banks and other financial in Mongolia
Mongolia: Private credit by deposit money banks and other financial was 47.9% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Mongolia, 1991–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Mongolia stood at 47.9%.
That represents a change of up 4.9% on the previous year and up 10.1% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Mongolia peaked at 59.9% in 2013 and was at its lowest, 4.1%, in 1997.
Mongolia ranks 95th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Private credit by deposit money banks and other financial in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 12.7% | — |
| 1992 | 11.2% | -11.8% |
| 1993 | 5.5% | -50.7% |
| 1994 | 9.1% | +65.5% |
| 1995 | 6.8% | -25.4% |
| 1996 | 6.9% | +1.8% |
| 1997 | 4.1% | -41.4% |
| 1998 | 7.0% | +72.3% |
| 1999 | 6.0% | -14.2% |
| 2000 | 5.9% | -2.3% |
| 2001 | 8.6% | +46.4% |
| 2002 | 12.8% | +49.3% |
| 2003 | 20.7% | +61.0% |
| 2004 | 22.3% | +7.8% |
| 2005 | 27.9% | +25.5% |
| 2006 | 30.5% | +9.1% |
| 2007 | 42.2% | +38.5% |
| 2008 | 40.8% | -3.4% |
| 2009 | 40.3% | -1.2% |
| 2010 | 34.2% | -15.2% |
| 2011 | 43.5% | +27.2% |
| 2012 | 43.7% | +0.5% |
| 2013 | 59.9% | +36.9% |
| 2014 | 57.7% | -3.7% |
| 2015 | 52.3% | -9.2% |
| 2016 | 54.1% | +3.3% |
| 2017 | 50.7% | -6.3% |
| 2018 | 53.7% | +6.1% |
| 2019 | 48.6% | -9.5% |
| 2020 | 45.6% | -6.2% |
| 2021 | 47.9% | +4.9% |
Mongolia compared with similar countries
- Mongolia's 47.9% is below the median for upper middle income countries, which is 50.2%, 95% of the median. (55 countries reporting)
- Mongolia's 47.9% is below the median for East Asia & Pacific, which is 114.2%, 42% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.7% | 4.1% | 12.7% | 9 |
| 2000s | 25.2% | 5.9% | 42.2% | 10 |
| 2010s | 49.8% | 34.2% | 59.9% | 10 |
| 2020s | 46.8% | 45.6% | 47.9% | 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 private credit by deposit money banks and other financial in Mongolia?
- Private credit by deposit money banks and other financial in Mongolia was 47.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Mongolia?
- The highest recorded value was 59.9% in 2013.
- What is the lowest private credit by deposit money banks and other financial recorded in Mongolia?
- The lowest recorded value was 4.1% in 1997.
- How does Mongolia rank for private credit by deposit money banks and other financial?
- Mongolia ranks 95th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Mongolia?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF)