Total debt service in Mongolia
Mongolia: Total debt service was 32.0% in 2024. ◆ Volatile
Total debt service in Mongolia, 1992–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Mongolia recorded 32.0% for total debt service in 2024.
Compared with earlier readings it is up 1.3% on the previous year and up 45.9% over ten years.
Over the whole period, total debt service in Mongolia peaked at 127.6% in 2019 and was at its lowest, 2.2%, in 2007.
Mongolia ranks 12th of 120 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Mongolia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1992 | 17.3% | — |
| 1993 | 6.5% | -62.3% |
| 1994 | 10.7% | +64.6% |
| 1995 | 10.2% | -5.2% |
| 1996 | 10.7% | +5.3% |
| 1997 | 10.0% | -6.4% |
| 1998 | 5.6% | -43.8% |
| 1999 | 4.5% | -19.9% |
| 2000 | 6.6% | +46.2% |
| 2001 | 7.2% | +8.4% |
| 2002 | 7.4% | +3.4% |
| 2003 | 34.1% | +359.4% |
| 2004 | 3.5% | -89.8% |
| 2005 | 3.0% | -13.2% |
| 2006 | 2.5% | -18.3% |
| 2007 | 2.2% | -10.1% |
| 2008 | 2.6% | +18.1% |
| 2009 | 5.3% | +104.1% |
| 2010 | 7.0% | +31.2% |
| 2011 | 5.4% | -23.5% |
| 2012 | 26.4% | +391.0% |
| 2013 | 30.8% | +17.0% |
| 2014 | 22.0% | -28.7% |
| 2015 | 35.2% | +60.2% |
| 2016 | 25.7% | -26.8% |
| 2017 | 53.8% | +108.9% |
| 2018 | 96.5% | +79.4% |
| 2019 | 127.6% | +32.2% |
| 2020 | 33.3% | -73.9% |
| 2021 | 29.0% | -13.0% |
| 2022 | 35.3% | +21.8% |
| 2023 | 31.6% | -10.5% |
| 2024 | 32.0% | +1.3% |
Mongolia compared with similar countries
- Mongolia's 32.0% is above the median for upper middle income countries, which is 14.4%, 2.2× the median. (51 countries reporting)
- Mongolia's 32.0% is above the median for East Asia & Pacific, which is 9.3%, 3.5× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Total debt service 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 |
|---|---|---|---|
| 2012 | +391.0% | 5.4% | 26.4% |
| 2003 | +359.4% | 7.4% | 34.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.5% | 4.5% | 17.3% | 8 |
| 2000s | 7.4% | 2.2% | 34.1% | 10 |
| 2010s | 43.0% | 5.4% | 127.6% | 10 |
| 2020s | 32.3% | 29.0% | 35.3% | 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 total debt service in Mongolia?
- Total debt service in Mongolia was 32.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Mongolia?
- The highest recorded value was 127.6% in 2019.
- What is the lowest total debt service recorded in Mongolia?
- The lowest recorded value was 2.2% in 2007.
- How does Mongolia rank for total debt service?
- Mongolia ranks 12th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Mongolia?
- Over the last ten years it is up 45.9%. 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 Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.