Mongolia External Debt: % of GDP

1992 - 2023 | Yearly | % | CEIC Data

Key information about Mongolia External Debt: % of GDP

  • Mongolia External Debt accounted for 170.1 % of the country's Nominal GDP in 2023, compared with the ratio of 194.5 % in the previous year.
  • Mongolia External Debt: % of Nominal GDP data is updated yearly, available from Dec 1992 to Dec 2023.
  • The data reached an all-time high of 370.6 % in Dec 2000 and a record low of 26.9 % in Dec 1992.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The Bank of Mongolia provides External Debt in USD. The National Statistics Office of Mongolia provides Nominal GDP in local currency. The Bank of Mongolia average market exchange rate is used for currency conversions. External Debt as % of Nominal GDP prior to 2010 is calculated from Nominal GDP based on SNA1993. External Debt as % of Nominal GDP prior to 2000 is calculated from External Debt and Nominal GDP, both sourced from the World Bank.


Related information about Mongolia External Debt: % of GDP

  • In the latest reports of Mongolia, Current Account recorded a surplus of 126.2 USD mn in Jun 2024.
  • Foreign Direct Investment (FDI) increased by 336.5 USD mn in Jun 2024.
  • Mongolia Direct Investment Abroad expanded by 5.7 USD mn in Jun 2024.
  • Its Foreign Portfolio Investment increased by 217.9 USD mn in Jun 2024.
  • The country's External Debt reached 35,002.9 in Mar 2024.
  • The country's Nominal GDP was reported at 3.9 USD bn in Mar 2023.

View Mongolia's External Debt: % of GDP from 1992 to 2023 in the chart:

Mongolia External Debt: % of GDP

What was Mongolia's External Debt: % of GDP in 2023?

Mongolia External Debt accounted for 170.1 % of the country's Nominal GDP in 2023, compared with the ratio of 194.5 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
170.1 2023 194.5 2022 26.9 1992 370.6 2000 % yearly 1992 - 2023

External Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 45.9 2023 yearly 1991 - 2023
Algeria (%) 1.3 2023 yearly 1970 - 2023
Argentina (%) 45.3 2023 yearly 1994 - 2023
Armenia (%) 64.2 2023 yearly 2000 - 2023
Australia (%) 109.2 2023 yearly 1988 - 2023
Austria (%) 135.0 2023 yearly 1997 - 2023
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 51.1 Mar 2024 quarterly Dec 2000 - Mar 2024
Belgium (%) 231.5 2023 yearly 2007 - 2023
Bolivia (%) 35.0 2023 yearly 2006 - 2023
Bosnia and Herzegovina (%) 18.1 2023 yearly 1999 - 2023
Botswana (%) 7.3 2023 yearly 1995 - 2023
Brazil (%) 27.7 2023 yearly 1992 - 2023
Bulgaria (%) 47.6 2023 yearly 1999 - 2023
Cambodia (%) 56.7 2022 yearly 2010 - 2022
Canada (%) 139.5 2023 yearly 1990 - 2023
Chile (%) 71.7 2023 yearly 1971 - 2023
China (%) 13.7 2023 yearly 1985 - 2023
Colombia (%) 53.7 2023 yearly 1970 - 2023
Croatia (%) 73.5 2022 yearly 1998 - 2022
Cyprus (%) 828.3 2023 yearly 2004 - 2023
Czech Republic (%) 61.7 2023 yearly 1995 - 2023
Denmark (%) 132.3 2023 yearly 2005 - 2023
Ecuador (%) 49.6 2023 yearly 1970 - 2023
Egypt (%) 39.8 Mar 2024 quarterly Jun 1999 - Mar 2024
Estonia (%) 89.2 2023 yearly 1996 - 2023
European Union (%) 111.2 2023 yearly 2008 - 2023
Finland (%) 215.3 2023 yearly 1991 - 2023
France (%) 244.9 2023 yearly 2004 - 2023
Georgia (%) 80.2 2023 yearly 1999 - 2023
Germany (%) 146.1 2023 yearly 1999 - 2023
Ghana (%) 39.5 2023 yearly 1999 - 2023
Greece (%) 246.0 2023 yearly 2003 - 2023
Hong Kong SAR, China (%) 481.7 2023 yearly 2001 - 2023
Hungary (%) 128.8 2023 yearly 2006 - 2023
Iceland (%) 75.5 2023 yearly 1989 - 2023
India (%) 18.9 2023 yearly 1970 - 2023
Indonesia (%) 29.8 2023 yearly 2003 - 2023
Iran (%) 0.3 2023 yearly 1994 - 2023
Ireland (%) 556.6 2023 yearly 2002 - 2023
Israel (%) 28.4 2023 yearly 1998 - 2023
Italy (%) 129.0 2022 yearly 2002 - 2022
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 107.5 2023 yearly 2003 - 2023
Jordan (%) 80.7 2023 yearly 1970 - 2023
Kazakhstan (%) 60.9 Jun 2024 quarterly Mar 2002 - Jun 2024
Kenya (%) 40.3 2023 yearly 2006 - 2023
South Korea (%) 36.6 2023 yearly 1994 - 2023
Kosovo (%) 39.6 2023 yearly 2007 - 2023
Kuwait (%) 39.4 2023 yearly 2014 - 2023
Kyrgyzstan (%) 72.3 2023 yearly 2003 - 2023
Laos (%) 74.2 2023 yearly 1996 - 2023
Latvia (%) 106.8 Sep 2024 quarterly Mar 2000 - Sep 2024
Lebanon (%) 21.2 2021 yearly 2007 - 2021
Lithuania (%) 69.2 2023 yearly 1996 - 2023
Luxembourg (%) 4,446.8 2023 yearly 2002 - 2023
North Macedonia (%) 83.2 2023 yearly 2004 - 2023
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 68.2 2023 yearly 2009 - 2023
Malta (%) 858.8 2023 yearly 2004 - 2023
Mauritius (%) 1,315.2 2023 yearly 2009 - 2023
Mexico (%) 33.0 2023 yearly 2002 - 2023
Moldova (%) 63.3 2023 yearly 2000 - 2023
Mongolia (%) 170.1 2023 yearly 1992 - 2023
Montenegro (%) 141.5 2022 yearly 2006 - 2022
Morocco (%) 50.9 2022 yearly 1970 - 2022
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 373.8 2023 yearly 2003 - 2023
New Zealand (%) 88.0 2023 yearly 1993 - 2023
Nigeria (%) 11.9 2023 yearly 1985 - 2023
Norway (%) 148.1 2023 yearly 2003 - 2023
Pakistan (%) 35.0 2024 yearly 2000 - 2024
Palestinian Territory (%) 12.2 2023 yearly 2012 - 2023
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 55.7 2023 yearly 2000 - 2023
Peru (%) 39.3 2023 yearly 1980 - 2023
Philippines (%) 28.7 2023 yearly 1990 - 2023
Poland (%) 49.6 2023 yearly 1995 - 2023
Portugal (%) 150.4 2023 yearly 1996 - 2023
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 51.9 2023 yearly 1995 - 2023
Russia (%) 15.7 2023 yearly 1993 - 2023
Serbia (%) 65.3 2023 yearly 2000 - 2023
Singapore (%) 391.1 2023 yearly 2003 - 2023
Slovakia (%) 96.0 2023 yearly 1995 - 2023
Slovenia (%) 90.4 2023 yearly 2001 - 2023
South Africa (%) 41.5 2023 yearly 1985 - 2023
Spain (%) 163.6 2023 yearly 1995 - 2023
Sri Lanka (%) 75.0 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 169.1 2023 yearly 1997 - 2023
Switzerland (%) 236.4 2023 yearly 1999 - 2023
Taiwan (%) 27.3 2023 yearly 1999 - 2023
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 37.4 Jun 2024 quarterly Mar 2005 - Jun 2024
Tunisia (%) 90.4 2023 yearly 2002 - 2023
Turkey (%) 45.2 2023 yearly 1989 - 2023

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Mongolia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 0.1 Sep 2024 quarterly Dec 2000 - Sep 2024
Consolidated Fiscal Balance (USD mn) -44.052 Nov 2024 monthly Jan 2000 - Nov 2024
Tax Revenue (USD mn) 495.058 Nov 2024 monthly Jan 2000 - Nov 2024
Tax Revenue: % of GDP (%) 29.0 Sep 2024 quarterly Mar 2000 - Sep 2024
Government Debt: % of GDP (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Forecast: Government Expenditure (MNT bn) 56,654.300 2029 yearly 1981 - 2029
Forecast: Government Net Debt (MNT bn) 73,520.949 2029 yearly 2006 - 2029
Forecast: Government Revenue (MNT bn) 53,969.915 2029 yearly 1981 - 2029
General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 5,170,239.141 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 5,178,968.689 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 19,190,650.839 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Expenditure (MNT mn) 22,038,355.570 Oct 2024 monthly Dec 1999 - Oct 2024
General Government Balance: ytd (MNT mn) 1,372,659.990 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 1,010,380.321 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Net Lending (MNT mn) 334,797.320 Nov 2024 monthly Dec 1999 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
Trade Balance (USD mn) 444.6 Oct 2024 monthly Jan 1997 - Oct 2024
Total Exports (USD mn) 1,425.9 Oct 2024 monthly Jan 1997 - Oct 2024
Total Exports Growth (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
Aluminum: Exports (USD th) 14,124.169 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 104.261 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 4,949.388 2023 yearly 1995 - 2023
Total Imports (USD mn) 981.3 Oct 2024 monthly Jan 1997 - Oct 2024
Total Imports Growth (%) 22.0 Oct 2024 monthly Jan 1998 - Oct 2024
Imports: Medicament (USD th) 149,447.781 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 98,630.694 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 3.210 Oct 2024 monthly Dec 1999 - Oct 2024
Total Imports from USA (USD mn) 48.664 Oct 2024 monthly Dec 1999 - Oct 2024
Total Exports to China (USD mn) 1,225.659 Oct 2024 monthly Dec 1999 - Oct 2024
Total Imports from China (USD mn) 393.871 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: Live Animals and Products of Animal Origin (USD th) 35,340.880 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: Mineral Products (USD th) 1,179,717.491 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
Exports: Textiles and Textile Articles (USD th) 18,327.776 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: Europe: European Union: ow United Kingdom (USD th) 613.925 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: Asia: North Eastern: ow China (USD th) 1,227,048.350 Oct 2024 monthly Dec 1999 - Oct 2024
Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
Imports: Mineral Products (USD th) 185,809.135 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Food Products (USD th) 87,959.975 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 246,701.542 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 191,661.633 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Base Metals and Articles Thereof (USD th) 67,425.329 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Asia: North Eastern: ow Japan (USD th) 115,003.521 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Asia: North Eastern: ow Republic of Korea (USD th) 41,083.097 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Europe: Others: ow Russian Federation (USD th) 211,322.203 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: America: ow USA (USD th) 48,664.374 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Asia: North Eastern: ow China (USD th) 398,501.225 Oct 2024 monthly Dec 1999 - Oct 2024
Export Value Index (2015=100) 198.040 2021 yearly 1980 - 2021
Import Value Index (2015=100) 180.345 2021 yearly 1980 - 2021
Export Volume Index (2015=100) 109.807 2021 yearly 2000 - 2021
Import Volume Index (2015=100) 147.693 2021 yearly 2000 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1.2 Sep 2024 monthly Jan 2009 - Sep 2024
Current Account Balance (USD mn) -524.3 Sep 2024 monthly Jan 2009 - Sep 2024
Current Account Balance: % of GDP (%) -14.1 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Direct Investment (USD mn) 177.5 Sep 2024 monthly Jan 2009 - Sep 2024
Foreign Direct Investment: % of GDP (%) 9.7 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Portfolio Investment (USD mn) 52.834 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 1.0 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 2.6 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 50.259 Sep 2024 quarterly Mar 1998 - Sep 2024
External Debt (USD mn) 34,867.3 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: % of GDP (%) 170.1 2023 yearly 1992 - 2023
External Debt: Short Term (USD mn) 1,888.9 Jun 2024 quarterly Mar 2000 - Jun 2024
External Debt: Short Term: % of GDP (%) 9.3 2023 yearly 1992 - 2023
Forecast: Current Account Balance (USD bn) -3.388 2029 yearly 1991 - 2029
Net International Investment Position (USD mn) -42,853.261 Sep 2024 quarterly Dec 2010 - Sep 2024
Balance of Payments (BoP): Current Account (CA) (USD mn) -127.606 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Goods & Services: Goods (USD mn) 336.685 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Capital Account (USD mn) 12.942 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Primary Income (USD mn) -222.492 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Direct Investment: Asset (USD mn) 2.673 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Portfolio Investment (USD mn) -42.220 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Direct Investment (USD mn) -209.109 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Financial Account (FA) (USD mn) -295.498 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Financial Derivatives (USD mn) -2.485 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Other Investment (OI) (USD mn) -41.683 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Portfolio Investment: Liabilities (USD mn) 45.203 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Portfolio Investment: Asset (USD mn) 2.983 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Reserves: Assets (USD mn) -6.612 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Goods & Services: Services (USD mn) -248.232 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: OI: Liabilities (USD mn) 218.982 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Financial Derivatives: Asset (USD mn) 2.511 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Net Errors & Omissions (USD mn) -187.447 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Secondary Income (USD mn) 6.433 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Direct Investment: Liabilities (USD mn) 211.782 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Financial Derivatives: Liabilities (USD mn) 4.997 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: OI: Asset (USD mn) 177.299 Oct 2024 monthly Jan 2009 - Oct 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.8 Nov 2024 monthly Dec 1996 - Nov 2024
Household Debt: % of GDP (%) 26.4 Sep 2024 quarterly Mar 2004 - Sep 2024
Non-Performing Loans (USD mn) 606.815 Nov 2024 monthly Dec 1996 - Nov 2024
Money Supply M1 (USD mn) 3,226.624 Oct 2024 monthly Dec 1996 - Oct 2024
Money Supply M2 (USD mn) 12,384.304 Oct 2024 monthly Dec 1996 - Oct 2024
M2 Growth (%) 25.1 Oct 2024 monthly Dec 1997 - Oct 2024
Reserve Requirement Ratio (%) 10.0 Nov 2024 monthly Jan 2005 - Nov 2024
Foreign Exchange Reserves (USD mn) 3,949.9 Oct 2024 monthly Dec 1992 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 17.057 Sep 2024 quarterly Dec 2010 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.0 Oct 2024 monthly Jan 1997 - Oct 2024
Gold Reserves (USD mn) 649.730 Oct 2024 monthly Dec 1980 - Oct 2024
Total Deposits (USD mn) 7,401.664 Oct 2024 monthly Jan 2000 - Oct 2024
Total Deposits Growth (%) 24.1 Oct 2024 monthly Jan 2001 - Oct 2024
Domestic Credit (USD mn) 10,083.4 Sep 2024 monthly Dec 1992 - Sep 2024
Domestic Credit Growth (%) 28.2 Sep 2024 monthly Dec 1993 - Sep 2024
Household Debt (USD mn) 6,213.8 Oct 2024 monthly Jan 2004 - Oct 2024
Total Loans (USD mn) 10,498.477 Nov 2024 monthly Dec 1996 - Nov 2024
Total Loans Growth (%) 33.55 Nov 2024 monthly Dec 1997 - Nov 2024
Private Debt: % of Nominal GDP (%) 43.25 Sep 2024 quarterly Dec 2010 - Sep 2024
Money Supply: M2: M1 (MNT mn) 10,985,491.530 Oct 2024 monthly Dec 1990 - Oct 2024
International Reserves: Gross (USD mn) 4,964.960 Nov 2024 monthly Jan 2006 - Nov 2024

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