Total debt service in Mongolia
Mongolia: Total debt service was 25.7% in 2024. ◆ Volatile
Total debt service in Mongolia, 1992–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, total debt service in Mongolia stood at 25.7%.
That represents a change of down 8.0% on the previous year and up 113.8% over ten years.
Over the whole period, total debt service in Mongolia peaked at 89.0% in 2019 and was at its lowest, 1.4%, in 2007.
Mongolia ranks 2nd of 121 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 GNI | Change |
|---|---|---|
| 1992 | 5.2% | — |
| 1993 | 3.5% | -34.1% |
| 1994 | 4.9% | +42.6% |
| 1995 | 3.7% | -25.8% |
| 1996 | 4.0% | +8.6% |
| 1997 | 5.4% | +35.8% |
| 1998 | 2.8% | -48.7% |
| 1999 | 2.3% | -17.6% |
| 2000 | 3.7% | +60.9% |
| 2001 | 3.7% | +0.8% |
| 2002 | 3.9% | +4.3% |
| 2003 | 18.3% | +374.4% |
| 2004 | 2.2% | -88.2% |
| 2005 | 1.8% | -15.4% |
| 2006 | 1.5% | -17.7% |
| 2007 | 1.4% | -7.7% |
| 2008 | 1.5% | +5.9% |
| 2009 | 2.8% | +93.4% |
| 2010 | 3.6% | +28.4% |
| 2011 | 2.6% | -28.6% |
| 2012 | 10.5% | +303.8% |
| 2013 | 11.8% | +12.2% |
| 2014 | 12.0% | +2.0% |
| 2015 | 17.2% | +43.0% |
| 2016 | 14.2% | -17.0% |
| 2017 | 37.5% | +163.2% |
| 2018 | 64.1% | +71.2% |
| 2019 | 89.0% | +38.7% |
| 2020 | 22.1% | -75.2% |
| 2021 | 20.5% | -7.0% |
| 2022 | 25.8% | +25.8% |
| 2023 | 27.9% | +8.0% |
| 2024 | 25.7% | -8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.0% | 2.3% | 5.4% | 8 |
| 2000s | 4.1% | 1.4% | 18.3% | 10 |
| 2010s | 26.2% | 2.6% | 89.0% | 10 |
| 2020s | 24.4% | 20.5% | 27.9% | 5 |
Countries ranked near Mongolia
- 1 El Salvador 35.5% compare
- 3 Mozambique 22.4% compare
- 4 Suriname 20.5% compare
- 5 Papua New Guinea 20.4% 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)
- 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)
- 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)
Frequently asked questions
- What is total debt service in Mongolia?
- Total debt service in Mongolia was 25.7% 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 89.0% in 2019.
- What is the lowest total debt service recorded in Mongolia?
- The lowest recorded value was 1.4% in 2007.
- How does Mongolia rank for total debt service?
- Mongolia ranks 2nd out of 121 countries with data for 2024.
- Is total debt service rising or falling in Mongolia?
- Over the last ten years it is up 113.8%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.