Short-term debt (% of total external debt) in Mongolia
Mongolia: Short-term debt (% of total external debt) was 6.2% in 2024. ◆ Volatile
Short-term debt in Mongolia, 1992–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Mongolia is 6.2%, measured in 2024.
The figure is up 13.1% on the previous year and down 41.0% over ten years.
Over the whole period, short-term debt in Mongolia peaked at 18.5% in 2003 and was at its lowest, 0.8%, in 1994.
Mongolia ranks 77th of 122 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 (% of total external debt) in Mongolia, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1992 | 16.7% | — |
| 1993 | 3.3% | -80.3% |
| 1994 | 0.8% | -77.0% |
| 1995 | 2.2% | +189.8% |
| 1996 | 0.9% | -59.2% |
| 1997 | 4.2% | +366.8% |
| 1998 | 3.9% | -6.6% |
| 1999 | 2.2% | -43.6% |
| 2000 | 1.3% | -39.4% |
| 2001 | 1.5% | +13.8% |
| 2002 | 4.0% | +164.0% |
| 2003 | 18.5% | +360.0% |
| 2004 | 10.5% | -43.2% |
| 2005 | 1.8% | -82.9% |
| 2006 | 1.8% | +0.1% |
| 2007 | 3.3% | +85.8% |
| 2008 | 3.2% | -4.4% |
| 2009 | 8.3% | +160.8% |
| 2010 | 6.2% | -25.8% |
| 2011 | 6.1% | -1.8% |
| 2012 | 5.7% | -6.2% |
| 2013 | 7.8% | +36.4% |
| 2014 | 10.5% | +35.1% |
| 2015 | 10.1% | -3.6% |
| 2016 | 9.8% | -3.0% |
| 2017 | 10.6% | +8.5% |
| 2018 | 9.9% | -7.3% |
| 2019 | 8.7% | -12.0% |
| 2020 | 3.9% | -54.7% |
| 2021 | 4.1% | +3.2% |
| 2022 | 5.7% | +40.4% |
| 2023 | 5.5% | -4.0% |
| 2024 | 6.2% | +13.1% |
Mongolia compared with similar countries
- Mongolia's 6.2% is below the median for upper middle income countries, which is 11.8%, 52% of the median. (52 countries reporting)
- Mongolia's 6.2% is below the median for East Asia & Pacific, which is 15.4%, 40% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external 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 |
|---|---|---|---|
| 1997 | +366.8% | 0.9% | 4.2% |
| 2003 | +360.0% | 4.0% | 18.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.3% | 0.8% | 16.7% | 8 |
| 2000s | 5.4% | 1.3% | 18.5% | 10 |
| 2010s | 8.5% | 5.7% | 10.6% | 10 |
| 2020s | 5.1% | 3.9% | 6.2% | 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)
- Public and publicly guaranteed debt service 8.0% (2024)
Frequently asked questions
- What is short-term debt in Mongolia?
- Short-term debt in Mongolia was 6.2% 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 18.5% in 2003.
- 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 77th out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Mongolia?
- Over the last ten years it is down 41.0%. 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 total external debt). 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 external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.