Short-term debt in Mongolia
Mongolia: Short-term debt was 13.9% in 2024. ◆ Volatile
Short-term debt in Mongolia, 1992–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for short-term debt in Mongolia is 13.9%, measured in 2024.
Compared with earlier readings it is up 15.8% on the previous year and down 64.1% over ten years.
Over the whole period, short-term debt in Mongolia peaked at 46.9% in 2015 and was at its lowest, 0.8%, in 1994.
Mongolia ranks 56th of 119 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Mongolia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1992 | 15.1% | — |
| 1993 | 3.2% | -78.5% |
| 1994 | 0.8% | -73.9% |
| 1995 | 2.3% | +169.1% |
| 1996 | 1.0% | -57.4% |
| 1997 | 4.0% | +315.9% |
| 1998 | 5.2% | +27.7% |
| 1999 | 4.1% | -21.2% |
| 2000 | 2.0% | -49.6% |
| 2001 | 2.2% | +7.9% |
| 2002 | 6.1% | +177.2% |
| 2003 | 33.6% | +448.7% |
| 2004 | 13.6% | -59.5% |
| 2005 | 1.7% | -87.7% |
| 2006 | 1.3% | -21.9% |
| 2007 | 2.3% | +72.2% |
| 2008 | 2.3% | +1.5% |
| 2009 | 10.7% | +367.2% |
| 2010 | 10.7% | -0.1% |
| 2011 | 12.6% | +18.2% |
| 2012 | 20.0% | +58.4% |
| 2013 | 34.5% | +72.5% |
| 2014 | 38.7% | +12.1% |
| 2015 | 46.9% | +21.2% |
| 2016 | 45.6% | -2.7% |
| 2017 | 46.0% | +0.8% |
| 2018 | 39.3% | -14.6% |
| 2019 | 32.8% | -16.5% |
| 2020 | 16.0% | -51.1% |
| 2021 | 15.3% | -4.4% |
| 2022 | 16.9% | +10.4% |
| 2023 | 12.0% | -29.1% |
| 2024 | 13.9% | +15.8% |
Mongolia compared with similar countries
- Mongolia's 13.9% is below the median for upper middle income countries, which is 17.7%, 79% of the median. (51 countries reporting)
- Mongolia's 13.9% is above the median for East Asia & Pacific, which is 11.5%, 1.2× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Short-term debt 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 |
|---|---|---|---|
| 2003 | +448.7% | 6.1% | 33.6% |
| 2009 | +367.2% | 2.3% | 10.7% |
| 1997 | +315.9% | 1.0% | 4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.5% | 0.8% | 15.1% | 8 |
| 2000s | 7.6% | 1.3% | 33.6% | 10 |
| 2010s | 32.7% | 10.7% | 46.9% | 10 |
| 2020s | 14.8% | 12.0% | 16.9% | 5 |
Countries ranked near Mongolia
- 53 Saint Vincent and the Grenadines 15.2% compare
- 54 Bulgaria 15.0% compare
- 55 Haiti 14.4% compare
- 57 Dominican Republic 13.8% compare
- 58 Chad 13.5%
- 59 Tajikistan 13.3% 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)
- 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 short-term debt in Mongolia?
- Short-term debt in Mongolia was 13.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Mongolia?
- The highest recorded value was 46.9% in 2015.
- What is the lowest short-term debt recorded in Mongolia?
- The lowest recorded value was 0.8% in 1994.
- How does Mongolia rank for short-term debt?
- Mongolia ranks 56th out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Mongolia?
- Over the last ten years it is down 64.1%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.