Central government debt, total in Mongolia
Mongolia: Central government debt, total was 43.3% in 2024. ▲ Rising
Central government debt, total in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, central government debt, total in Mongolia stood at 43.3%.
The figure is down 35.9% on the previous year and down 34.3% over ten years.
Over the whole period, central government debt, total in Mongolia peaked at 83.9% in 1999 and was at its lowest, 20.6%, in 1992.
Mongolia ranks 54th of 83 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Central government debt, total in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 20.6% | — |
| 1993 | 41.4% | +101.0% |
| 1994 | 51.4% | +24.1% |
| 1995 | 37.1% | -27.9% |
| 1996 | 49.5% | +33.5% |
| 1997 | 54.6% | +10.4% |
| 1998 | 71.6% | +31.0% |
| 1999 | 83.9% | +17.2% |
| 2000 | 78.4% | -6.5% |
| 2001 | 69.1% | -11.9% |
| 2018 | 66.0% | -4.5% |
| 2019 | 60.8% | -7.8% |
| 2020 | 73.9% | +21.5% |
| 2021 | 67.6% | -8.6% |
| 2024 | 43.3% | -35.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 51.3% | 20.6% | 83.9% | 8 |
| 2000s | 73.8% | 69.1% | 78.4% | 2 |
| 2010s | 63.4% | 60.8% | 66.0% | 2 |
| 2020s | 61.6% | 43.3% | 73.9% | 3 |
Countries ranked near Mongolia
- 51 India 46.5% compare
- 52 Saint Lucia 45.9% compare
- 53 Philippines 43.4% compare
- 55 Tonga 43.1% compare
- 56 Tunisia 42.5% compare
- 57 Marshall Islands 41.6% compare
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)
- Manufacturing, value added (current US$), per unit of GDP 0.0588 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 417.63 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 208.29 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1.48 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0519 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 369.15 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 727,348 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 4.13 % change on previous year (2025)
Frequently asked questions
- What is central government debt, total in Mongolia?
- Central government debt, total in Mongolia was 43.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Mongolia?
- The highest recorded value was 83.9% in 1999.
- What is the lowest central government debt, total recorded in Mongolia?
- The lowest recorded value was 20.6% in 1992.
- How does Mongolia rank for central government debt, total?
- Mongolia ranks 54th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Mongolia?
- Over the last ten years it is down 34.3%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.