Gross savings in Mongolia
Mongolia: Gross savings was 6.10 billion current US$ in 2024. ◆ Volatile
Gross savings in Mongolia, 1981–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross savings in Mongolia stood at 6.10 billion current US$.
Compared with earlier readings it is down 10.3% on the previous year and up 112.9% over ten years.
Over the whole period, gross savings in Mongolia peaked at 6.80 billion current US$ in 2023 and was at its lowest, 198.09 million current US$, in 2000.
That places Mongolia 107th out of 178 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Mongolia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1981 | 515.53 million current US$ | — |
| 1982 | 797.03 million current US$ | +54.6% |
| 1983 | 573.69 million current US$ | -28.0% |
| 1984 | 420.42 million current US$ | -26.7% |
| 1985 | 420.96 million current US$ | +0.1% |
| 1986 | 393.77 million current US$ | -6.5% |
| 1987 | 256.42 million current US$ | -34.9% |
| 1988 | 254.66 million current US$ | -0.7% |
| 1989 | 533.47 million current US$ | +109.5% |
| 1990 | 598.83 million current US$ | +12.3% |
| 1991 | 606.22 million current US$ | +1.2% |
| 1992 | 480.89 million current US$ | -20.7% |
| 1993 | 321.21 million current US$ | -33.2% |
| 1994 | 375.53 million current US$ | +16.9% |
| 1995 | 563.35 million current US$ | +50.0% |
| 1996 | 444.53 million current US$ | -21.1% |
| 1997 | 438.88 million current US$ | -1.3% |
| 1998 | 347.08 million current US$ | -20.9% |
| 1999 | 353.57 million current US$ | +1.9% |
| 2000 | 198.09 million current US$ | -44.0% |
| 2001 | 227.20 million current US$ | +14.7% |
| 2002 | 227.40 million current US$ | +0.1% |
| 2003 | 399.43 million current US$ | +75.7% |
| 2004 | 670.49 million current US$ | +67.9% |
| 2005 | 998.22 million current US$ | +48.9% |
| 2006 | 1.57 billion current US$ | +57.2% |
| 2007 | 1.74 billion current US$ | +10.8% |
| 2008 | 1.68 billion current US$ | -3.0% |
| 2009 | 1.25 billion current US$ | -25.9% |
| 2010 | 1.91 billion current US$ | +53.4% |
| 2011 | 3.16 billion current US$ | +65.3% |
| 2012 | 3.40 billion current US$ | +7.6% |
| 2013 | 3.31 billion current US$ | -2.9% |
| 2014 | 2.87 billion current US$ | -13.3% |
| 2015 | 1.91 billion current US$ | -33.5% |
| 2016 | 1.90 billion current US$ | -0.4% |
| 2017 | 1.99 billion current US$ | +5.0% |
| 2018 | 2.92 billion current US$ | +46.4% |
| 2019 | 2.88 billion current US$ | -1.4% |
| 2020 | 2.17 billion current US$ | -24.6% |
| 2021 | 3.10 billion current US$ | +42.9% |
| 2022 | 4.66 billion current US$ | +50.2% |
| 2023 | 6.80 billion current US$ | +45.9% |
| 2024 | 6.10 billion current US$ | -10.3% |
Mongolia compared with similar countries
- Mongolia's 6.10 billion current US$ is below the median for upper middle income countries, which is 17.82 billion current US$, 34% of the median. (49 countries reporting)
- Mongolia's 6.10 billion current US$ is below the median for East Asia & Pacific, which is 6.81 billion current US$, 90% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 462.88 million current US$ | 254.66 million current US$ | 797.03 million current US$ | 9 |
| 1990s | 453.01 million current US$ | 321.21 million current US$ | 606.22 million current US$ | 10 |
| 2000s | 896.04 million current US$ | 198.09 million current US$ | 1.74 billion current US$ | 10 |
| 2010s | 2.63 billion current US$ | 1.90 billion current US$ | 3.40 billion current US$ | 10 |
| 2020s | 4.57 billion current US$ | 2.17 billion current US$ | 6.80 billion current US$ | 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$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Mongolia?
- Gross savings in Mongolia was 6.10 billion current US$ 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 6.80 billion current US$ in 2023.
- What is the lowest gross savings recorded in Mongolia?
- The lowest recorded value was 198.09 million current US$ in 2000.
- How does Mongolia rank for gross savings?
- Mongolia ranks 107th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Mongolia?
- Over the last ten years it is up 112.9%. 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 US$). 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 indicator is expressed in United States dollars.