Gross savings in Mongolia
Mongolia: Gross savings was 20.69 trillion current LCU in 2024. ◆ Volatile
Gross savings in Mongolia, 1981–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Mongolia stood at 20.69 trillion current LCU.
Compared with earlier readings it is down 12.2% on the previous year and up 296.9% over ten years.
Over the whole period, gross savings in Mongolia peaked at 23.57 trillion current LCU in 2023 and was at its lowest, 763.99 million current LCU, in 1988.
Mongolia ranks 22nd of 178 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Mongolia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1981 | 1.55 billion current LCU | — |
| 1982 | 2.39 billion current LCU | +54.6% |
| 1983 | 1.72 billion current LCU | -28.0% |
| 1984 | 1.68 billion current LCU | -2.3% |
| 1985 | 1.68 billion current LCU | +0.1% |
| 1986 | 1.18 billion current LCU | -29.8% |
| 1987 | 769.25 million current LCU | -34.9% |
| 1988 | 763.99 million current LCU | -0.7% |
| 1989 | 1.60 billion current LCU | +109.5% |
| 1990 | 2.99 billion current LCU | +87.1% |
| 1991 | 5.76 billion current LCU | +92.3% |
| 1992 | 20.49 billion current LCU | +255.7% |
| 1993 | 95.17 billion current LCU | +364.6% |
| 1994 | 154.99 billion current LCU | +62.8% |
| 1995 | 252.72 billion current LCU | +63.1% |
| 1996 | 243.78 billion current LCU | -3.5% |
| 1997 | 346.71 billion current LCU | +42.2% |
| 1998 | 291.83 billion current LCU | -15.8% |
| 1999 | 361.31 billion current LCU | +23.8% |
| 2000 | 213.28 billion current LCU | -41.0% |
| 2001 | 249.40 billion current LCU | +16.9% |
| 2002 | 252.48 billion current LCU | +1.2% |
| 2003 | 457.96 billion current LCU | +81.4% |
| 2004 | 794.71 billion current LCU | +73.5% |
| 2005 | 1.20 trillion current LCU | +51.4% |
| 2006 | 1.85 trillion current LCU | +53.8% |
| 2007 | 2.03 trillion current LCU | +9.9% |
| 2008 | 1.96 trillion current LCU | -3.4% |
| 2009 | 1.79 trillion current LCU | -8.6% |
| 2010 | 2.60 trillion current LCU | +44.8% |
| 2011 | 4.01 trillion current LCU | +54.2% |
| 2012 | 4.62 trillion current LCU | +15.4% |
| 2013 | 5.04 trillion current LCU | +9.0% |
| 2014 | 5.21 trillion current LCU | +3.4% |
| 2015 | 3.75 trillion current LCU | -27.9% |
| 2016 | 4.06 trillion current LCU | +8.2% |
| 2017 | 4.86 trillion current LCU | +19.7% |
| 2018 | 7.21 trillion current LCU | +48.4% |
| 2019 | 7.67 trillion current LCU | +6.3% |
| 2020 | 6.11 trillion current LCU | -20.3% |
| 2021 | 8.84 trillion current LCU | +44.7% |
| 2022 | 14.64 trillion current LCU | +65.6% |
| 2023 | 23.57 trillion current LCU | +61.0% |
| 2024 | 20.69 trillion current LCU | -12.2% |
Mongolia compared with similar countries
- Mongolia's 20.69 trillion current LCU is above the median for upper middle income countries, which is 451.73 billion current LCU, 45.8× the median. (49 countries reporting)
- Mongolia's 20.69 trillion current LCU is above the median for East Asia & Pacific, which is 190.11 billion current LCU, 108.8× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross savings 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 |
|---|---|---|---|
| 1993 | +364.6% | 20.49 billion current LCU | 95.17 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.48 billion current LCU | 763.99 million current LCU | 2.39 billion current LCU | 9 |
| 1990s | 177.58 billion current LCU | 2.99 billion current LCU | 361.31 billion current LCU | 10 |
| 2000s | 1.08 trillion current LCU | 213.28 billion current LCU | 2.03 trillion current LCU | 10 |
| 2010s | 4.90 trillion current LCU | 2.60 trillion current LCU | 7.67 trillion current LCU | 10 |
| 2020s | 14.77 trillion current LCU | 6.11 trillion current LCU | 23.57 trillion current LCU | 5 |
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 gross savings in Mongolia?
- Gross savings in Mongolia was 20.69 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Mongolia?
- The highest recorded value was 23.57 trillion current LCU in 2023.
- What is the lowest gross savings recorded in Mongolia?
- The lowest recorded value was 763.99 million current LCU in 1988.
- How does Mongolia rank for gross savings?
- Mongolia ranks 22nd out of 178 countries with data for 2024.
- Is gross savings rising or falling in Mongolia?
- Over the last ten years it is up 296.9%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.