Mongolia Household Debt: % of GDP

2004 - 2024 | Quarterly | % | CEIC Data

Key information about Mongolia Household Debt: % of GDP

  • Mongolia household debt accounted for 27.5 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 26.8 % in the previous quarter.
  • Mongolia household debt to GDP ratio is updated quarterly, available from Mar 2004 to Dec 2024.
  • The data reached an all-time high of 27.5 % in Dec 2024 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 6.4 USD bn in Dec 2024.
  • Money Supply M2 in Mongolia increased 15.2 % YoY in Dec 2024.
  • Mongolia Foreign Exchange Reserves was measured at 4.2 USD bn in Nov 2024.
  • The Foreign Exchange Reserves equaled 4.3 Months of Import in Nov 2024.
  • Mongolia Domestic Credit reached 10.3 USD bn in Dec 2024, representing an increased of 21.4 % YoY.
  • The country's Non Performing Loans Ratio stood at 5.1 % in Dec 2024, compared with the ratio of 5.8 % in the previous month.

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

Mongolia Household Debt: % of GDP

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

Mongolia household debt accounted for 27.5 % of the country's Nominal GDP in Dec 2024, compared with the ratio of 26.8 % in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
27.5 Dec 2024 26.8 Sep 2024 8.4 Mar 2004 27.5 Dec 2024 % quarterly Mar 2004 - Dec 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 (%) 30.8 Dec 2024 quarterly Dec 2000 - Dec 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 (%) 99.0 Dec 2024 quarterly Mar 1969 - Dec 2024
Chile (%) 39.2 Sep 2024 quarterly Mar 2009 - Sep 2024
China (%) 63.3 Mar 2023 quarterly Mar 2007 - Mar 2023
Colombia (%) 31.3 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 (%) 39.0 Sep 2024 quarterly Dec 2003 - Sep 2024
European Union (%) 44.1 Dec 2024 quarterly Sep 1997 - Dec 2024
Finland (%) 74.9 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 (%) 45.2 Sep 2024 quarterly Dec 1997 - Sep 2024
Hong Kong SAR, China (%) 87.8 Dec 2024 quarterly Mar 1982 - Dec 2024
Hungary (%) 20.4 Dec 2024 quarterly Dec 1995 - Dec 2024
Iceland (%) 71.4 Dec 2024 quarterly Dec 1995 - Dec 2024
India (%) 17.1 2024 yearly 1998 - 2024
Indonesia (%) 10.0 Dec 2024 quarterly Dec 2010 - Dec 2024
Ireland (%) 31.6 Sep 2024 quarterly Mar 2002 - Sep 2024
Israel (%) 42.3 Dec 2024 quarterly Dec 1995 - Dec 2024
Italy (%) 47.2 Sep 2024 quarterly Dec 1995 - Sep 2024
Japan (%) 65.1 Dec 2024 quarterly Dec 1997 - Dec 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 (%) 9.1 Dec 2024 quarterly Dec 2000 - Dec 2024
Latvia (%) 22.0 Sep 2024 quarterly Mar 2004 - Sep 2024
Lithuania (%) 28.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Luxembourg (%) 64.5 Sep 2024 quarterly Dec 1995 - Sep 2024
Macau SAR, China (%) 80.6 Dec 2024 quarterly Dec 2001 - Dec 2024
North Macedonia (%) 26.3 Dec 2024 quarterly Mar 2003 - Dec 2024
Malawi (%) 0.3 2011 yearly 2006 - 2011
Malaysia (%) 84.2 2023 yearly 2002 - 2023
Malta (%) 40.6 Dec 2024 quarterly Dec 2003 - Dec 2024
Mauritius (%) 20.6 Jun 2018 quarterly Mar 2009 - Jun 2018
Mexico (%) 16.7 Dec 2024 quarterly Dec 2000 - Dec 2024
Mongolia (%) 27.5 Dec 2024 quarterly Mar 2004 - Dec 2024
Montenegro (%) 26.4 Dec 2024 quarterly Dec 2010 - Dec 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 (%) 91.3 Dec 2024 quarterly Dec 1995 - Dec 2024
Panama (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Peru (%) 15.9 Dec 2024 quarterly Mar 2001 - Dec 2024
Philippines (%) 11.7 Dec 2024 quarterly Mar 2009 - Dec 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 (%) 12.3 Dec 2024 quarterly Dec 2003 - Dec 2024
Serbia (%) 16.9 Dec 2024 quarterly Dec 2003 - Dec 2024
Singapore (%) 51.9 Dec 2024 quarterly Mar 1995 - Dec 2024
Slovakia (%) 44.7 Sep 2024 quarterly Mar 2004 - Sep 2024
Slovenia (%) 27.6 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 Sep 2024 quarterly Dec 2010 - Sep 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 (%) 88.8 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 (%) 81.6 Sep 2024 quarterly Mar 1987 - Sep 2024
United States (%) 61.7 Dec 2024 quarterly Mar 1999 - Dec 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 (%) -1.0 Dec 2024 quarterly Dec 2000 - Dec 2024
Consolidated Fiscal Balance (USD mn) -143.592 Jan 2025 monthly Jan 2000 - Jan 2025
Tax Revenue (USD mn) 721.583 Dec 2024 monthly Jan 2000 - Dec 2024
Tax Revenue: % of GDP (%) 24.3 Dec 2024 quarterly Mar 2000 - Dec 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) 296,288.913 Jan 2025 monthly Dec 1999 - Jan 2025
General Government Balance: ytd (MNT mn) -492,703.800 Jan 2025 monthly Dec 1999 - Jan 2025
General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 113,203.269 Jan 2025 monthly Dec 1999 - Jan 2025
General Government Expenditure & NL: ytd: Expenditure (MNT mn) 2,154,886.548 Jan 2025 monthly Dec 1999 - Jan 2025
General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 22,066,910.300 Dec 2024 monthly Dec 1999 - Dec 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: Net Lending (MNT mn) 6,007.785 Jan 2025 monthly Dec 1999 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
Trade Balance (USD mn) 247.8 Feb 2025 monthly Jan 1997 - Feb 2025
Total Exports (USD mn) 985.6 Feb 2025 monthly Jan 1997 - Feb 2025
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) 737.7 Feb 2025 monthly Jan 1997 - Feb 2025
Total Imports Growth (%) 11.7 Feb 2025 monthly Jan 1998 - Feb 2025
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) 9.296 Feb 2025 monthly Dec 1999 - Feb 2025
Total Imports from USA (USD mn) 30.304 Feb 2025 monthly Dec 1999 - Feb 2025
Total Exports to China (USD mn) 863.486 Feb 2025 monthly Dec 1999 - Feb 2025
Total Imports from China (USD mn) 204.503 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: Textiles and Textile Articles (USD th) 13,101.987 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: Live Animals and Products of Animal Origin (USD th) 5,098.791 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: Mineral Products (USD th) 838,352.397 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
Exports: Asia: North Eastern: ow China (USD th) 863,547.687 Feb 2025 monthly Dec 1999 - Feb 2025
Exports: Europe: European Union: ow United Kingdom (USD th) 319.274 Feb 2025 monthly Dec 1999 - Feb 2025
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) 142,993.417 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Food Products (USD th) 57,743.099 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Mineral Products (USD th) 209,490.684 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 146,491.254 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Base Metals and Articles Thereof (USD th) 47,145.766 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Asia: North Eastern: ow Republic of Korea (USD th) 29,096.402 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: America: ow USA (USD th) 30,303.696 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Asia: North Eastern: ow Japan (USD th) 100,806.768 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Asia: North Eastern: ow China (USD th) 207,203.752 Feb 2025 monthly Dec 1999 - Feb 2025
Imports: Europe: Others: ow Russian Federation (USD th) 236,393.169 Feb 2025 monthly Dec 1999 - Feb 2025
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) 15.9 Jan 2025 monthly Jan 2009 - Jan 2025
Current Account Balance (USD mn) -521.9 Jan 2025 monthly Jan 2009 - Jan 2025
Current Account Balance: % of GDP (%) -11.3 Dec 2024 quarterly Mar 2000 - Dec 2024
Foreign Direct Investment (USD mn) 94.8 Jan 2025 monthly Jan 2009 - Jan 2025
Foreign Direct Investment: % of GDP (%) 8.6 Dec 2024 quarterly Mar 2000 - Dec 2024
Foreign Portfolio Investment (USD mn) 881.865 Dec 2024 quarterly Mar 1998 - Dec 2024
Foreign Portfolio Investment: % of GDP (%) 12.1 Dec 2024 quarterly Mar 2000 - Dec 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -3.0 Dec 2024 quarterly Mar 1998 - Dec 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 884.839 Dec 2024 quarterly Mar 1998 - Dec 2024
External Debt (USD mn) 37,117.3 Dec 2024 quarterly Mar 2000 - Dec 2024
External Debt: % of GDP (%) 157.4 2024 yearly 1992 - 2024
External Debt: Short Term (USD mn) 2,348.1 Dec 2024 quarterly Mar 2000 - Dec 2024
External Debt: Short Term: % of GDP (%) 9.9 2024 yearly 1992 - 2024
Forecast: Current Account Balance (USD bn) -3.388 2029 yearly 1991 - 2029
Net International Investment Position (USD mn) -43,390.758 Dec 2024 quarterly Dec 2010 - Dec 2024
Balance of Payments (BoP): Current Account (CA) (USD mn) -521.897 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: CA: Goods & Services: Goods (USD mn) -1.574 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: CA: Primary Income (USD mn) -197.620 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: Financial Account (FA) (USD mn) 4.999 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: CA: Goods & Services: Services (USD mn) -320.947 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Direct Investment: Asset (USD mn) 15.874 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Direct Investment: Liabilities (USD mn) 94.807 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: CA: Secondary Income (USD mn) -1.757 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Portfolio Investment: Liabilities (USD mn) 24.330 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Portfolio Investment (USD mn) -26.075 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Portfolio Investment: Asset (USD mn) -1.745 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: Net Errors & Omissions (USD mn) -159.513 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Financial Derivatives: Asset (USD mn) -0.065 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: Reserves: Assets (USD mn) -680.711 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Financial Derivatives: Liabilities (USD mn) -2.481 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: Capital Account (USD mn) 5.698 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: OI: Asset (USD mn) -57.980 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Other Investment (OI) (USD mn) 107.590 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Financial Derivatives (USD mn) 2.416 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: OI: Liabilities (USD mn) -165.570 Jan 2025 monthly Jan 2009 - Jan 2025
BoP: FA: Direct Investment (USD mn) -78.933 Jan 2025 monthly Jan 2009 - Jan 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.2 Jan 2025 monthly Dec 1996 - Jan 2025
Household Debt: % of GDP (%) 27.5 Dec 2024 quarterly Mar 2004 - Dec 2024
Non-Performing Loans (USD mn) 560.438 Jan 2025 monthly Dec 1996 - Jan 2025
Money Supply M1 (USD mn) 3,141.363 Jan 2025 monthly Dec 1996 - Jan 2025
Money Supply M2 (USD mn) 12,130.036 Jan 2025 monthly Dec 1996 - Jan 2025
M2 Growth (%) 11.6 Jan 2025 monthly Dec 1997 - Jan 2025
Reserve Requirement Ratio (%) 13.0 Feb 2025 monthly Jan 2005 - Feb 2025
Foreign Exchange Reserves (USD mn) 4,118.2 Jan 2025 monthly Dec 1992 - Jan 2025
Foreign Exchange Reserves: % of GDP (%) 20.332 Dec 2024 quarterly Dec 2010 - Dec 2024
Foreign Exchange Reserves: Months of Import (NA) 4.2 Jan 2025 monthly Jan 1997 - Jan 2025
Gold Reserves (USD mn) 668.568 Jan 2025 monthly Dec 1980 - Jan 2025
Total Deposits (USD mn) 7,685.080 Jan 2025 monthly Jan 2000 - Jan 2025
Total Deposits Growth (%) 19.9 Jan 2025 monthly Jan 2001 - Jan 2025
Domestic Credit (USD mn) 10,474.5 Jan 2025 monthly Dec 1992 - Jan 2025
Domestic Credit Growth (%) 24.7 Jan 2025 monthly Dec 1993 - Jan 2025
Household Debt (USD mn) 6,505.6 Jan 2025 monthly Jan 2004 - Jan 2025
Total Loans (USD mn) 10,841.092 Jan 2025 monthly Dec 1996 - Jan 2025
Total Loans Growth (%) 34.84 Jan 2025 monthly Dec 1997 - Jan 2025
Private Debt: % of Nominal GDP (%) 44.68 Dec 2024 quarterly Dec 2010 - Dec 2024
Money Supply: M2: M1 (MNT mn) 10,832,174.537 Jan 2025 monthly Dec 1990 - Jan 2025
International Reserves: Gross (USD mn) 4,763.400 Feb 2025 monthly Jan 2006 - Feb 2025
Deposits (MNT tn) 26.500 Jan 2025 monthly Jan 2000 - Jan 2025
Deposits: Corporate (MNT tn) 4.200 Jan 2025 monthly May 2018 - Jan 2025
Deposits: Individual (MNT tn) 22.300 Jan 2025 monthly May 2018 - Jan 2025
Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 1,932,525.472 Jan 2025 monthly Dec 1996 - Jan 2025

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