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 (%) 11.9 Jun 2024 quarterly Dec 2008 - Jun 2024
Argentina (%) 4.1 Jun 2024 quarterly Dec 2004 - Jun 2024
Armenia (%) 28.4 Sep 2024 quarterly Dec 2000 - Sep 2024
Australia (%) 116.6 Mar 2023 quarterly Jun 1988 - Mar 2023
Austria (%) 44.6 Jun 2024 quarterly Mar 1999 - Jun 2024
Azerbaijan (%) 11.9 Mar 2024 quarterly Mar 2005 - Mar 2024
Belarus (%) 10.1 Jun 2024 quarterly Dec 2006 - Jun 2024
Belgium (%) 58.4 Jun 2024 quarterly Dec 1992 - Jun 2024
Bolivia (%) 11.3 Dec 2022 quarterly Sep 2010 - Dec 2022
Bosnia and Herzegovina (%) 24.5 Jun 2024 quarterly Dec 2008 - Jun 2024
Botswana (%) 20.5 Jun 2024 quarterly Dec 2002 - Jun 2024
Brunei (%) 14.3 Jun 2024 quarterly Dec 2013 - Jun 2024
Bulgaria (%) 27.8 2023 yearly 1995 - 2023
Cambodia (%) 26.6 2022 yearly 2008 - 2022
Canada (%) 99.1 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 (%) 32.7 Jun 2024 quarterly Mar 2012 - Jun 2024
Cyprus (%) 83.3 2022 yearly 1995 - 2022
Czech Republic (%) 34.1 Jun 2024 quarterly Mar 2004 - Jun 2024
Denmark (%) 86.5 2022 yearly 1994 - 2022
Ecuador (%) 17.2 Jun 2024 quarterly Dec 2006 - Jun 2024
Egypt (%) 7.4 Jun 2024 quarterly Dec 2002 - Jun 2024
Estonia (%) 38.7 Jun 2024 quarterly Dec 2003 - Jun 2024
European Union (%) 44.4 Sep 2024 quarterly Sep 1997 - Sep 2024
Finland (%) 75.9 2023 yearly 1995 - 2023
France (%) 71.6 2023 yearly 1977 - 2023
Georgia (%) 36.9 Mar 2023 quarterly Mar 2001 - Mar 2023
Germany (%) 50.4 Jun 2024 quarterly Dec 1991 - Jun 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 (%) 19.7 Jun 2024 quarterly Dec 1995 - Jun 2024
Iceland (%) 73.1 Sep 2024 quarterly Dec 1995 - Sep 2024
India (%) 17.4 2024 yearly 1998 - 2024
Indonesia (%) 9.9 Sep 2024 quarterly Dec 2010 - Sep 2024
Ireland (%) 32.1 Jun 2024 quarterly Mar 2002 - Jun 2024
Israel (%) 42.2 Jun 2024 quarterly Dec 1995 - Jun 2024
Italy (%) 48.6 Jun 2024 quarterly Dec 1995 - Jun 2024
Japan (%) 65.4 Jun 2024 quarterly Dec 1997 - Jun 2024
Jordan (%) 81.0 Jun 2024 quarterly Mar 2002 - Jun 2024
Kazakhstan (%) 15.3 Dec 2023 quarterly Dec 1997 - Dec 2023
South Korea (%) 93.9 Jun 2024 quarterly Dec 2002 - Jun 2024
Kosovo (%) 22.0 Sep 2024 quarterly Dec 2010 - Sep 2024
Kuwait (%) 0.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Kyrgyzstan (%) 8.7 Sep 2024 quarterly Dec 2000 - Sep 2024
Latvia (%) 22.3 Jun 2024 quarterly Mar 2004 - Jun 2024
Lithuania (%) 28.1 Jun 2024 quarterly Dec 1995 - Jun 2024
Luxembourg (%) 68.0 Jun 2024 quarterly Dec 1995 - Jun 2024
Macau SAR, China (%) 80.5 Sep 2024 quarterly Dec 2001 - Sep 2024
North Macedonia (%) 27.6 Jun 2024 quarterly Mar 2003 - Jun 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 (%) 25.2 Jun 2024 quarterly Dec 2010 - Jun 2024
Morocco (%) 23.5 2023 yearly 2001 - 2023
Netherlands (%) 97.9 Jun 2024 quarterly Mar 1999 - Jun 2024
New Zealand (%) 91.0 Jun 2024 quarterly Dec 1990 - Jun 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 (%) 11.0 Jun 2024 quarterly Mar 2009 - Jun 2024
Poland (%) 23.5 Jun 2024 quarterly Dec 2003 - Jun 2024
Portugal (%) 66.5 Jun 2024 quarterly Dec 1999 - Jun 2024
Romania (%) 15.3 Jun 2024 quarterly Mar 2007 - Jun 2024
Russia (%) 20.4 Mar 2024 quarterly Dec 2000 - Mar 2024
Saudi Arabia (%) 11.9 Jun 2024 quarterly Dec 2003 - Jun 2024
Serbia (%) 16.9 Sep 2024 quarterly Dec 2003 - Sep 2024
Singapore (%) 52.4 Sep 2024 quarterly Mar 1995 - Sep 2024
Slovakia (%) 44.6 Jun 2024 quarterly Mar 2004 - Jun 2024
Slovenia (%) 27.4 Jun 2024 quarterly Mar 2004 - Jun 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 (%) 86.6 Jun 2024 quarterly Mar 1996 - Jun 2024
Switzerland (%) 128.2 2023 yearly 1999 - 2023
Syria (%) 14.6 2011 yearly 2004 - 2011
Taiwan (%) 88.1 2022 yearly 2000 - 2022
Thailand (%) 89.6 Jun 2024 quarterly Mar 2003 - Jun 2024
Tunisia (%) 0.0 2020 yearly 2007 - 2020
Turkey (%) 10.3 Jun 2024 quarterly Dec 2014 - Jun 2024
Ukraine (%) 3.6 Dec 2023 quarterly Dec 2002 - Dec 2023
United Arab Emirates (%) 106.2 2021 yearly 2013 - 2021
United Kingdom (%) 82.1 Jun 2024 quarterly Mar 1987 - Jun 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) -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 Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 5,178,968.689 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
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: Current (MNT mn) 19,190,650.839 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 Balance: ytd (MNT mn) 1,372,659.990 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
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: Textiles and Textile Articles (USD th) 18,327.776 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: 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: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 191,661.633 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: Base Metals and Articles Thereof (USD th) 67,425.329 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Food Products (USD th) 87,959.975 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: Mineral Products (USD th) 185,809.135 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
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: Asia: North Eastern: ow Japan (USD th) 115,003.521 Oct 2024 monthly Dec 1999 - Oct 2024
Imports: America: ow USA (USD th) 48,664.374 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: CA: Goods & Services: Services (USD mn) -248.232 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Primary Income (USD mn) -222.492 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Financial Account (FA) (USD mn) -295.498 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Capital Account (USD mn) 12.942 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: Portfolio Investment: Asset (USD mn) 2.983 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: CA: Secondary Income (USD mn) 6.433 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: Direct Investment (USD mn) -209.109 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: Financial Derivatives: Asset (USD mn) 2.511 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Reserves: Assets (USD mn) -6.612 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Portfolio Investment (USD mn) -42.220 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: Net Errors & Omissions (USD mn) -187.447 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Financial Derivatives (USD mn) -2.485 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: OI: Liabilities (USD mn) 218.982 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: OI: Asset (USD mn) 177.299 Oct 2024 monthly Jan 2009 - Oct 2024
BoP: FA: Direct Investment: Asset (USD mn) 2.673 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

More Indicators for Mongolia

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