Gross savings in Mongolia
Mongolia: Gross savings was 28.9% in 2024. ▲ Rising
Gross savings in Mongolia, 1981–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Mongolia recorded 28.9% for gross savings in 2024.
That represents a change of down 23.1% on the previous year and up 13.2% over ten years.
Over the whole period, gross savings in Mongolia peaked at 46.5% in 2006 and was at its lowest, 8.0%, in 1988.
Mongolia ranks 52nd of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Gross savings in Mongolia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1981 | 22.4% | — |
| 1982 | 31.5% | +40.4% |
| 1983 | 21.3% | -32.4% |
| 1984 | 20.4% | -4.1% |
| 1985 | 19.7% | -3.7% |
| 1986 | 13.6% | -30.8% |
| 1987 | 8.5% | -37.4% |
| 1988 | 8.0% | -5.7% |
| 1989 | 16.2% | +101.9% |
| 1990 | 23.8% | +46.7% |
| 1991 | 25.5% | +7.3% |
| 1992 | 37.3% | +45.9% |
| 1993 | 43.3% | +16.3% |
| 1994 | 41.4% | -4.4% |
| 1995 | 39.5% | -4.6% |
| 1996 | 33.4% | -15.5% |
| 1997 | 37.5% | +12.4% |
| 1998 | 30.9% | -17.8% |
| 1999 | 33.4% | +8.4% |
| 2000 | 17.5% | -47.6% |
| 2001 | 17.9% | +2.5% |
| 2002 | 16.3% | -9.0% |
| 2003 | 25.2% | +54.4% |
| 2004 | 33.8% | +34.2% |
| 2005 | 40.4% | +19.3% |
| 2006 | 46.5% | +15.2% |
| 2007 | 42.0% | -9.8% |
| 2008 | 30.9% | -26.4% |
| 2009 | 28.4% | -8.0% |
| 2010 | 29.0% | +1.8% |
| 2011 | 33.1% | +14.4% |
| 2012 | 30.0% | -9.4% |
| 2013 | 27.9% | -7.2% |
| 2014 | 25.5% | -8.4% |
| 2015 | 17.9% | -29.9% |
| 2016 | 18.5% | +3.4% |
| 2017 | 20.2% | +9.1% |
| 2018 | 24.4% | +21.0% |
| 2019 | 22.8% | -6.8% |
| 2020 | 18.0% | -20.9% |
| 2021 | 23.8% | +31.9% |
| 2022 | 30.1% | +26.5% |
| 2023 | 37.6% | +25.0% |
| 2024 | 28.9% | -23.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 18.0% | 8.0% | 31.5% | 9 |
| 1990s | 34.6% | 23.8% | 43.3% | 10 |
| 2000s | 29.9% | 16.3% | 46.5% | 10 |
| 2010s | 24.9% | 17.9% | 33.1% | 10 |
| 2020s | 27.7% | 18.0% | 37.6% | 5 |
Countries ranked near Mongolia
- 49 Netherlands 29.1% compare
- 50 Czechia 29.0% compare
- 51 North Macedonia 28.9% compare
- 53 Russian Federation 28.8% compare
- 54 Saudi Arabia 28.7% compare
- 55 Sri Lanka 28.3% 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)
- Services, value added (constant LCU), per capita 4.71 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 4.36 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 7.52 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9053 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 6,435 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 12.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 3,209 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 22.81 million current LCU per person (2025)
Frequently asked questions
- What is gross savings in Mongolia?
- Gross savings in Mongolia was 28.9% 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 46.5% in 2006.
- What is the lowest gross savings recorded in Mongolia?
- The lowest recorded value was 8.0% in 1988.
- How does Mongolia rank for gross savings?
- Mongolia ranks 52nd out of 177 countries with data for 2024.
- Is gross savings rising or falling in Mongolia?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is rising.
- Where does this Mongolia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GNI). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.