Annual broad money growth in Mongolia
Mongolia: Annual broad money growth was 26.8% in 2023. ◆ Volatile
Latest (2023)
26.8%
Change on year
up 315.3%
World rank
17th
of 164 countries
All-time high
62.5%
in 2010
All-time low
-5.6%
in 2008
Years of data
24
2000–2023
Annual broad money growth in Mongolia, 2000–2023
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual broad money growth in Mongolia is 26.8%, measured in 2023.
That represents a change of up 315.3% on the previous year and up 11.0% over ten years.
Over the whole period, annual broad money growth in Mongolia peaked at 62.5% in 2010 and was at its lowest, -5.6%, in 2008.
Mongolia ranks 17th of 164 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual broad money growth in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 17.6% | — |
| 2001 | 27.9% | +58.9% |
| 2002 | 42.1% | +50.7% |
| 2003 | 49.5% | +17.8% |
| 2004 | 20.4% | -58.8% |
| 2005 | 34.6% | +69.4% |
| 2006 | 34.8% | +0.5% |
| 2007 | 56.3% | +61.8% |
| 2008 | -5.6% | -109.9% |
| 2009 | 27.0% | -584.6% |
| 2010 | 62.5% | +131.5% |
| 2011 | 37.0% | -40.7% |
| 2012 | 18.7% | -49.4% |
| 2013 | 24.2% | +29.1% |
| 2014 | 12.5% | -48.3% |
| 2015 | -5.5% | -144.0% |
| 2016 | 21.0% | -481.6% |
| 2017 | 30.4% | +45.1% |
| 2018 | 22.8% | -25.2% |
| 2019 | 7.0% | -69.4% |
| 2020 | 17.5% | +150.9% |
| 2021 | 13.8% | -21.1% |
| 2022 | 6.5% | -53.3% |
| 2023 | 26.8% | +315.3% |
Mongolia compared with similar countries
- Mongolia's 26.8% is above the median for upper middle income countries, which is 8.7%, 3.1× the median. (54 countries reporting)
- Mongolia's 26.8% is above the median for East Asia & Pacific, which is 6.9%, 3.9× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.5% | -5.6% | 56.3% | 10 |
| 2010s | 23.1% | -5.5% | 62.5% | 10 |
| 2020s | 16.2% | 6.5% | 26.8% | 4 |
Countries ranked near Mongolia
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 55.47 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0023 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.78 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.79 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1169 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 789.32 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is annual broad money growth in Mongolia?
- Annual broad money growth in Mongolia was 26.8% in 2023, according to International Monetary Fund – processed by Our World in Data.
- What is the highest annual broad money growth recorded in Mongolia?
- The highest recorded value was 62.5% in 2010.
- What is the lowest annual broad money growth recorded in Mongolia?
- The lowest recorded value was -5.6% in 2008.
- How does Mongolia rank for annual broad money growth?
- Mongolia ranks 17th out of 164 countries with data for 2023.
- Is annual broad money growth rising or falling in Mongolia?
- Over the last ten years it is up 11.0%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund – processed by Our World in Data, published as part of Annual broad money growth. Statizoid updates them automatically from the source API.
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About this data
Annual broad money growth (%).