Short-term debt in Mongolia
Mongolia: Short-term debt was 42.6% in 2024. ◆ Volatile
Short-term debt in Mongolia, 1992–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
In 2024, short-term debt in Mongolia stood at 42.6%.
The figure is up 9.5% on the previous year and down 70.3% over ten years.
Over the whole period, short-term debt in Mongolia peaked at 259.2% in 1992 and was at its lowest, 3.0%, in 1996.
That places Mongolia 33rd out of 111 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.
Short-term debt in Mongolia, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1992 | 259.2% | — |
| 1993 | 19.3% | -92.5% |
| 1994 | 3.7% | -80.7% |
| 1995 | 7.4% | +98.0% |
| 1996 | 3.0% | -59.9% |
| 1997 | 12.6% | +325.7% |
| 1998 | 27.5% | +117.6% |
| 1999 | 15.8% | -42.6% |
| 2000 | 6.3% | -59.8% |
| 2001 | 7.0% | +9.8% |
| 2002 | 16.5% | +137.5% |
| 2003 | 140.1% | +746.7% |
| 2004 | 80.4% | -42.6% |
| 2005 | 7.5% | -90.7% |
| 2006 | 3.7% | -50.4% |
| 2007 | 5.8% | +55.8% |
| 2008 | 10.6% | +82.8% |
| 2009 | 18.7% | +76.4% |
| 2010 | 16.0% | -14.6% |
| 2011 | 23.8% | +49.1% |
| 2012 | 21.9% | -8.2% |
| 2013 | 69.5% | +217.9% |
| 2014 | 143.7% | +106.7% |
| 2015 | 184.1% | +28.1% |
| 2016 | 198.5% | +7.8% |
| 2017 | 104.8% | -47.2% |
| 2018 | 87.8% | -16.2% |
| 2019 | 66.2% | -24.6% |
| 2020 | 28.2% | -57.4% |
| 2021 | 32.3% | +14.7% |
| 2022 | 56.4% | +74.4% |
| 2023 | 38.9% | -31.0% |
| 2024 | 42.6% | +9.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 43.6% | 3.0% | 259.2% | 8 |
| 2000s | 29.7% | 3.7% | 140.1% | 10 |
| 2010s | 91.6% | 16.0% | 198.5% | 10 |
| 2020s | 39.7% | 28.2% | 56.4% | 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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 7.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5992 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 4,259 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 7.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1,181 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is short-term debt in Mongolia?
- Short-term debt in Mongolia was 42.6% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Mongolia?
- The highest recorded value was 259.2% in 1992.
- What is the lowest short-term debt recorded in Mongolia?
- The lowest recorded value was 3.0% in 1996.
- How does Mongolia rank for short-term debt?
- Mongolia ranks 33rd out of 111 countries with data for 2024.
- Is short-term debt rising or falling in Mongolia?
- Over the last ten years it is down 70.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.