Mongolia Household Debt: % of GDP

2004 - 2024 | Quarterly | % | CEIC Data

Key information about Mongolia Household Debt: % of GDP

  • Mongolia household debt accounted for 26.4 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 25.3 % in the previous quarter.
  • Mongolia household debt to GDP ratio is updated quarterly, available from Mar 2004 to Sep 2024.
  • The data reached an all-time high of 27.4 % in Dec 2018 and a record low of 8.4 % in Mar 2004.

CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Bank of Mongolia provides Household Debt in local currency. The National Statistics Office of Mongolia provides Nominal GDP in local currency based on SNA 2008. Loans are used due to the lack of Flow of Funds statistics. Household Debt prior to Q2 2016 is calculated from discontinued Household Debt from Other Depository Corporations. Nominal GDP prior to Q4 2010 is based on SNA 1993.


Related information about Mongolia Household Debt: % of GDP

  • In the latest reports, Mongolia Household Debt reached 6.2 USD bn in Sep 2024.
  • Money Supply M2 in Mongolia increased 25.9 % YoY in Sep 2024.
  • Mongolia Foreign Exchange Reserves was measured at 4.1 USD bn in Jul 2024.
  • The Foreign Exchange Reserves equaled 4.0 Months of Import in Oct 2024.
  • Mongolia Domestic Credit reached 10.1 USD bn in Sep 2024, representing an increased of 28.2 % YoY.
  • The country's Non Performing Loans Ratio stood at 5.8 % in Oct 2024, compared with the ratio of 5.6 % in the previous month.

View Mongolia's Household Debt: % of GDP from Mar 2004 to Sep 2024 in the chart:

Mongolia Household Debt: % of GDP

What was Mongolia's Household Debt: % of GDP in Sep 2024?

Mongolia household debt accounted for 26.4 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 25.3 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
26.4 Sep 2024 25.3 Jun 2024 8.4 Mar 2004 27.4 Dec 2018 % quarterly Mar 2004 - Sep 2024

Household Debt: % of GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 12.0 Sep 2024 quarterly Dec 2008 - Sep 2024
Argentina (%) 4.5 Sep 2024 quarterly Dec 2004 - Sep 2024
Armenia (%) 28.4 Sep 2024 quarterly Dec 2000 - Sep 2024
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 44.5 Sep 2024 quarterly Mar 1999 - Sep 2024
Azerbaijan (%) 13.1 Sep 2024 quarterly Mar 2005 - Sep 2024
Belarus (%) 10.4 Sep 2024 quarterly Dec 2006 - Sep 2024
Belgium (%) 59.0 Sep 2024 quarterly Dec 1992 - Sep 2024
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.8 Sep 2024 quarterly Dec 2008 - Sep 2024
Botswana (%) 20.9 Sep 2024 quarterly Dec 2002 - Sep 2024
Brunei (%) 14.5 Sep 2024 quarterly Dec 2013 - Sep 2024
Bulgaria (%) 27.8 2023 yearly 1995 - 2023
Cambodia (%) 26.6 2022 yearly 2008 - 2022
Canada (%) 99.2 Sep 2024 quarterly Mar 1969 - Sep 2024
Chile (%) 39.2 Sep 2024 quarterly Mar 2009 - Sep 2024
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 31.5 Jun 2024 quarterly Dec 2015 - Jun 2024
Croatia (%) 32.6 Sep 2024 quarterly Mar 2012 - Sep 2024
Cyprus (%) 79.6 2023 yearly 1995 - 2023
Czech Republic (%) 34.1 Sep 2024 quarterly Mar 2004 - Sep 2024
Denmark (%) 92.2 2023 yearly 1994 - 2023
Ecuador (%) 17.4 Sep 2024 quarterly Dec 2006 - Sep 2024
Egypt (%) 7.3 Sep 2024 quarterly Dec 2002 - Sep 2024
Estonia (%) 39.1 Sep 2024 quarterly Dec 2003 - Sep 2024
European Union (%) 44.4 Sep 2024 quarterly Sep 1997 - Sep 2024
Finland (%) 74.8 2023 yearly 1995 - 2023
France (%) 74.2 2023 yearly 1977 - 2023
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 50.3 Sep 2024 quarterly Dec 1991 - Sep 2024
Greece (%) 46.2 Jun 2024 quarterly Dec 1997 - Jun 2024
Hong Kong SAR, China (%) 89.0 Sep 2024 quarterly Mar 1982 - Sep 2024
Hungary (%) 19.9 Sep 2024 quarterly Dec 1995 - Sep 2024
Iceland (%) 73.1 Sep 2024 quarterly Dec 1995 - Sep 2024
India (%) 17.4 2024 yearly 1998 - 2024
Indonesia (%) 10.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Ireland (%) 31.7 Sep 2024 quarterly Mar 2002 - Sep 2024
Israel (%) 42.7 Sep 2024 quarterly Dec 1995 - Sep 2024
Italy (%) 48.0 Sep 2024 quarterly Dec 1995 - Sep 2024
Japan (%) 65.1 Sep 2024 quarterly Dec 1997 - Sep 2024
Jordan (%) 80.6 Sep 2024 quarterly Mar 2002 - Sep 2024
Kazakhstan (%) 15.3 Dec 2023 quarterly Dec 1997 - Dec 2023
South Korea (%) 93.7 Sep 2024 quarterly Dec 2002 - Sep 2024
Kosovo (%) 22.0 Sep 2024 quarterly Dec 2010 - Sep 2024
Kuwait (%) 0.9 Sep 2024 quarterly Dec 2010 - Sep 2024
Kyrgyzstan (%) 8.7 Sep 2024 quarterly Dec 2000 - Sep 2024
Latvia (%) 22.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Lithuania (%) 28.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Luxembourg (%) 64.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Macau SAR, China (%) 80.5 Sep 2024 quarterly Dec 2001 - Sep 2024
North Macedonia (%) 26.0 Sep 2024 quarterly Mar 2003 - Sep 2024
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.2 2023 yearly 2002 - 2023
Malta (%) 40.3 Sep 2024 quarterly Dec 2003 - Sep 2024
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.5 Sep 2024 quarterly Dec 2000 - Sep 2024
Mongolia (%) 26.4 Sep 2024 quarterly Mar 2004 - Sep 2024
Montenegro (%) 25.6 Sep 2024 quarterly Dec 2010 - Sep 2024
Morocco (%) 23.5 2023 yearly 2001 - 2023
Netherlands (%) 97.4 Sep 2024 quarterly Mar 1999 - Sep 2024
New Zealand (%) 89.9 Sep 2024 quarterly Dec 1990 - Sep 2024
Norway (%) 90.7 Sep 2024 quarterly Dec 1995 - Sep 2024
Panama (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Peru (%) 15.9 Sep 2024 quarterly Mar 2001 - Sep 2024
Philippines (%) 11.3 Sep 2024 quarterly Mar 2009 - Sep 2024
Poland (%) 23.5 Sep 2024 quarterly Dec 2003 - Sep 2024
Portugal (%) 65.9 Sep 2024 quarterly Dec 1999 - Sep 2024
Romania (%) 15.4 Sep 2024 quarterly Mar 2007 - Sep 2024
Russia (%) 20.4 Mar 2024 quarterly Dec 2000 - Mar 2024
Saudi Arabia (%) 12.1 Sep 2024 quarterly Dec 2003 - Sep 2024
Serbia (%) 16.9 Sep 2024 quarterly Dec 2003 - Sep 2024
Singapore (%) 52.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Slovakia (%) 44.7 Sep 2024 quarterly Mar 2004 - Sep 2024
Slovenia (%) 27.7 Sep 2024 quarterly Mar 2004 - Sep 2024
South Africa (%) 40.7 Sep 2024 quarterly Mar 1969 - Sep 2024
Spain (%) 48.9 Jun 2024 quarterly Dec 1989 - Jun 2024
Sri Lanka (%) 6.5 Jun 2024 quarterly Dec 2010 - Jun 2024
Sweden (%) 86.2 Sep 2024 quarterly Mar 1996 - Sep 2024
Switzerland (%) 128.2 2023 yearly 1999 - 2023
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 95.6 2023 yearly 2000 - 2023
Thailand (%) 89.0 Sep 2024 quarterly Mar 2003 - Sep 2024
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.0 Sep 2024 quarterly Dec 2014 - Sep 2024
Ukraine (%) 3.6 Dec 2023 quarterly Dec 2002 - Dec 2023
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 81.5 Sep 2024 quarterly Mar 1987 - Sep 2024
United States (%) 62.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Uruguay (%) 11.1 Sep 2024 quarterly Dec 2005 - Sep 2024
Venezuela (%) 3.4 2017 yearly 2004 - 2017

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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) -628.684 Dec 2024 monthly Jan 2000 - Dec 2024
Tax Revenue (USD mn) 721.583 Dec 2024 monthly Jan 2000 - Dec 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 Expenditure & NL: ytd: Net Lending (MNT mn) 374,394.900 Dec 2024 monthly Dec 1999 - Dec 2024
General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 5,864,349.300 Dec 2024 monthly Dec 1999 - Dec 2024
General Government Balance: ytd (MNT mn) -776,199.100 Dec 2024 monthly Dec 1999 - Dec 2024
General Government Expenditure & NL: ytd: Expenditure (MNT mn) 24,369,619.528 Nov 2024 monthly Dec 1999 - Nov 2024
General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 7,924,167.600 Dec 2024 monthly Dec 1999 - Dec 2024
General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 22,066,910.300 Dec 2024 monthly Dec 1999 - Dec 2024
General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 1,098,197.500 Dec 2024 monthly Dec 1999 - Dec 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
Trade Balance (USD mn) 159.3 Dec 2024 monthly Jan 1997 - Dec 2024
Total Exports (USD mn) 1,184.4 Dec 2024 monthly Jan 1997 - Dec 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) 1,025.1 Dec 2024 monthly Jan 1997 - Dec 2024
Total Imports Growth (%) 17.2 Dec 2024 monthly Jan 1998 - Dec 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) 1.239 Dec 2024 monthly Dec 1999 - Dec 2024
Total Imports from USA (USD mn) 58.878 Dec 2024 monthly Dec 1999 - Dec 2024
Total Exports to China (USD mn) 1,094.322 Dec 2024 monthly Dec 1999 - Dec 2024
Total Imports from China (USD mn) 383.672 Dec 2024 monthly Dec 1999 - Dec 2024
Exports: Live Animals and Products of Animal Origin (USD th) 17,462.446 Dec 2024 monthly Dec 1999 - Dec 2024
Exports: Textiles and Textile Articles (USD th) 15,103.405 Dec 2024 monthly Dec 1999 - Dec 2024
Exports: Mineral Products (USD th) 1,044,784.075 Dec 2024 monthly Dec 1999 - Dec 2024
Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
Exports: Europe: European Union: ow United Kingdom (USD th) 959.147 Dec 2024 monthly Dec 1999 - Dec 2024
Exports: Asia: North Eastern: ow China (USD th) 1,094,610.483 Dec 2024 monthly Dec 1999 - Dec 2024
Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 170,345.118 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: Mineral Products (USD th) 240,801.861 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 265,316.173 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: Base Metals and Articles Thereof (USD th) 55,298.623 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: Food Products (USD th) 79,897.146 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: America: ow USA (USD th) 58,878.256 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: Asia: North Eastern: ow Japan (USD th) 73,689.099 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: Europe: Others: ow Russian Federation (USD th) 279,688.820 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: Asia: North Eastern: ow China (USD th) 385,098.646 Dec 2024 monthly Dec 1999 - Dec 2024
Imports: Asia: North Eastern: ow Republic of Korea (USD th) 39,562.233 Dec 2024 monthly Dec 1999 - Dec 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) 8.6 Dec 2024 monthly Jan 2009 - Dec 2024
Current Account Balance (USD mn) -759.9 Dec 2024 monthly Jan 2009 - Dec 2024
Current Account Balance: % of GDP (%) -14.1 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Direct Investment (USD mn) 504.0 Dec 2024 monthly Jan 2009 - Dec 2024
Foreign Direct Investment: % of GDP (%) 9.7 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Portfolio Investment (USD mn) 857.589 Dec 2024 quarterly Mar 1998 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) 1.0 Sep 2024 quarterly Mar 2000 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -3.1 Dec 2024 quarterly Mar 1998 - Dec 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 860.696 Dec 2024 quarterly Mar 1998 - Dec 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) -759.943 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: CA: Goods & Services: Services (USD mn) -540.009 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: CA: Goods & Services: Goods (USD mn) 16.388 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: CA: Primary Income (USD mn) -234.379 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: CA: Secondary Income (USD mn) -1.943 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: Capital Account (USD mn) 28.568 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: Financial Account (FA) (USD mn) -1,305.345 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Direct Investment (USD mn) -495.353 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Direct Investment: Liabilities (USD mn) 503.980 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Direct Investment: Asset (USD mn) 8.627 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Portfolio Investment (USD mn) -393.403 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Other Investment (OI) (USD mn) -418.743 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Financial Derivatives: Liabilities (USD mn) 2.024 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Financial Derivatives: Asset (USD mn) 4.178 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Portfolio Investment: Liabilities (USD mn) 382.944 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: OI: Asset (USD mn) -87.292 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Financial Derivatives (USD mn) 2.154 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: Portfolio Investment: Asset (USD mn) -10.459 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: FA: OI: Liabilities (USD mn) 331.451 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: Net Errors & Omissions (USD mn) 10.692 Dec 2024 monthly Jan 2009 - Dec 2024
BoP: Reserves: Assets (USD mn) 584.662 Dec 2024 monthly Jan 2009 - Dec 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.1 Dec 2024 monthly Dec 1996 - Dec 2024
Household Debt: % of GDP (%) 26.4 Sep 2024 quarterly Mar 2004 - Sep 2024
Non-Performing Loans (USD mn) 547.776 Dec 2024 monthly Dec 1996 - Dec 2024
Money Supply M1 (USD mn) 3,416.896 Dec 2024 monthly Dec 1996 - Dec 2024
Money Supply M2 (USD mn) 12,669.044 Dec 2024 monthly Dec 1996 - Dec 2024
M2 Growth (%) 15.2 Dec 2024 monthly Dec 1997 - Dec 2024
Reserve Requirement Ratio (%) 11.0 Jan 2025 monthly Jan 2005 - Jan 2025
Foreign Exchange Reserves (USD mn) 4,233.3 Nov 2024 monthly Dec 1992 - Nov 2024
Foreign Exchange Reserves: % of GDP (%) 17.057 Sep 2024 quarterly Dec 2010 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.3 Nov 2024 monthly Jan 1997 - Nov 2024
Gold Reserves (USD mn) 633.572 Nov 2024 monthly Dec 1980 - Nov 2024
Total Deposits (USD mn) 7,864.439 Dec 2024 monthly Jan 2000 - Dec 2024
Total Deposits Growth (%) 21.7 Dec 2024 monthly Jan 2001 - Dec 2024
Domestic Credit (USD mn) 10,332.8 Dec 2024 monthly Dec 1992 - Dec 2024
Domestic Credit Growth (%) 21.4 Dec 2024 monthly Dec 1993 - Dec 2024
Household Debt (USD mn) 6,419.1 Dec 2024 monthly Jan 2004 - Dec 2024
Total Loans (USD mn) 10,831.840 Dec 2024 monthly Dec 1996 - Dec 2024
Total Loans Growth (%) 35.31 Dec 2024 monthly Dec 1997 - Dec 2024
Private Debt: % of Nominal GDP (%) 43.25 Sep 2024 quarterly Dec 2010 - Sep 2024
Money Supply: M2: M1 (MNT mn) 11,687,354.485 Dec 2024 monthly Dec 1990 - Dec 2024
International Reserves: Gross (USD mn) 4,964.960 Nov 2024 monthly Jan 2006 - Nov 2024
Deposits (MNT tn) 26.900 Dec 2024 monthly Jan 2000 - Dec 2024
Deposits: Corporate (MNT tn) 4.500 Dec 2024 monthly May 2018 - Dec 2024
Deposits: Individual (MNT tn) 22.400 Dec 2024 monthly May 2018 - Dec 2024
Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 1,873,645.763 Dec 2024 monthly Dec 1996 - Dec 2024

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