Public and publicly guaranteed debt service in Mongolia
Mongolia: Public and publicly guaranteed debt service was 8.0% in 2024. ◆ Volatile
Public and publicly guaranteed debt service 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 public and publicly guaranteed debt service in Mongolia is 8.0%, measured in 2024.
That represents a change of down 32.9% on the previous year and up 206.1% over ten years.
Over the whole period, public and publicly guaranteed debt service in Mongolia peaked at 32.7% in 2003 and was at its lowest, 1.6%, in 2011.
That places Mongolia 47th out of 120 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.
Public and publicly guaranteed debt service in Mongolia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1992 | 16.8% | — |
| 1993 | 5.7% | -66.4% |
| 1994 | 10.4% | +83.3% |
| 1995 | 8.0% | -22.5% |
| 1996 | 8.6% | +6.5% |
| 1997 | 9.8% | +14.2% |
| 1998 | 5.1% | -47.7% |
| 1999 | 3.0% | -40.6% |
| 2000 | 5.0% | +64.4% |
| 2001 | 5.8% | +16.6% |
| 2002 | 6.1% | +4.8% |
| 2003 | 32.7% | +436.6% |
| 2004 | 2.2% | -93.3% |
| 2005 | 2.1% | -2.3% |
| 2006 | 2.0% | -7.9% |
| 2007 | 1.8% | -10.5% |
| 2008 | 2.1% | +19.7% |
| 2009 | 3.7% | +77.6% |
| 2010 | 4.1% | +9.9% |
| 2011 | 1.6% | -61.0% |
| 2012 | 2.0% | +24.1% |
| 2013 | 3.0% | +48.5% |
| 2014 | 2.6% | -11.2% |
| 2015 | 3.0% | +14.4% |
| 2016 | 3.5% | +15.0% |
| 2017 | 4.1% | +20.1% |
| 2018 | 11.0% | +165.5% |
| 2019 | 5.4% | -50.6% |
| 2020 | 14.2% | +161.4% |
| 2021 | 14.3% | +0.5% |
| 2022 | 18.9% | +31.8% |
| 2023 | 12.0% | -36.5% |
| 2024 | 8.0% | -32.9% |
Mongolia compared with similar countries
- Mongolia's 8.0% is above the median for upper middle income countries, which is 7.4%, 1.1× the median. (51 countries reporting)
- Mongolia's 8.0% is above the median for East Asia & Pacific, which is 4.7%, 1.7× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Public and publicly guaranteed 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 |
|---|---|---|---|
| 2003 | +436.6% | 6.1% | 32.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.4% | 3.0% | 16.8% | 8 |
| 2000s | 6.3% | 1.8% | 32.7% | 10 |
| 2010s | 4.0% | 1.6% | 11.0% | 10 |
| 2020s | 13.5% | 8.0% | 18.9% | 5 |
Countries ranked near Mongolia
More external debt data for Mongolia
- IFC, private nonguaranteed 126.08 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 35.77 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0053 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 50.9 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 6.4% (2024)
- Net financial flows, IDA 5.71 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 1.62 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0002 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 6.13 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 6.69 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Mongolia?
- Public and publicly guaranteed debt service in Mongolia was 8.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Mongolia?
- The highest recorded value was 32.7% in 2003.
- What is the lowest public and publicly guaranteed debt service recorded in Mongolia?
- The lowest recorded value was 1.6% in 2011.
- How does Mongolia rank for public and publicly guaranteed debt service?
- Mongolia ranks 47th out of 120 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Mongolia?
- Over the last ten years it is up 206.1%. 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 Public and publicly guaranteed 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
Public and publicly guaranteed debt service to exports of goods, services, and income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.