Real interest rate in Mongolia
Mongolia: Real interest rate was 1.4% in 2021. ◆ Volatile
Real interest rate in Mongolia, 1998–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Mongolia recorded 1.4% for real interest rate in 2021.
Compared with earlier readings it is down 89.1% on the previous year and up 7.1% over ten years.
Over the whole period, real interest rate in Mongolia peaked at 51.0% in 1998 and was at its lowest, -13.7%, in 2010.
That places Mongolia 113th out of 149 countries with data for 2021, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real interest rate in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 51.0% | — |
| 1999 | 29.9% | -41.4% |
| 2000 | 22.3% | -25.4% |
| 2001 | 24.4% | +9.3% |
| 2002 | 27.4% | +12.5% |
| 2003 | 19.7% | -28.3% |
| 2004 | 12.7% | -35.6% |
| 2005 | 8.7% | -31.2% |
| 2006 | 4.1% | -53.5% |
| 2007 | 9.1% | +125.3% |
| 2008 | -0.7% | -107.8% |
| 2009 | 19.5% | -2834.3% |
| 2010 | -13.7% | -170.5% |
| 2011 | 1.3% | -109.4% |
| 2012 | 4.7% | +265.0% |
| 2013 | 15.1% | +220.3% |
| 2014 | 10.8% | -28.8% |
| 2015 | 18.8% | +74.8% |
| 2016 | 16.3% | -13.7% |
| 2017 | 8.3% | -48.9% |
| 2018 | 9.0% | +8.7% |
| 2019 | 6.4% | -29.3% |
| 2020 | 12.8% | +99.6% |
| 2021 | 1.4% | -89.1% |
Mongolia compared with similar countries
- Mongolia's 1.4% is below the median for upper middle income countries, which is 5.2%, 27% of the median. (49 countries reporting)
- Mongolia's 1.4% is below the median for East Asia & Pacific, which is 5.0%, 28% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Real interest 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 |
|---|---|---|---|
| 2009 | +2834.3% | -0.7% | 19.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.4% | 29.9% | 51.0% | 2 |
| 2000s | 14.7% | -0.7% | 27.4% | 10 |
| 2010s | 7.7% | -13.7% | 18.8% | 10 |
| 2020s | 7.1% | 1.4% | 12.8% | 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 real interest rate in Mongolia?
- Real interest rate in Mongolia was 1.4% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Mongolia?
- The highest recorded value was 51.0% in 1998.
- What is the lowest real interest rate recorded in Mongolia?
- The lowest recorded value was -13.7% in 2010.
- How does Mongolia rank for real interest rate?
- Mongolia ranks 113th out of 149 countries with data for 2021.
- Is real interest rate rising or falling in Mongolia?
- Over the last ten years it is up 7.1%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.