Mongolia: Claims on private sector (annual growth as % of broad money)

Key figures

What the numbers say

In 2024, Mongolia's claims on private sector (annual growth as % of broad money) rose 6.68 percentage points on 2023 (from 17.3% to 23.98%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −1.3 percentage points and a typical year strayed about 21.94 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 36.71 percentage points in 1998 and the biggest yearly fall was 46.62 percentage points in 1995. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 21% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Mongolia had the 1st highest value of the 22 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Mongolia in the 2024 ranking

• Kosovo — 2nd of 22: 15.85%
• Montenegro — 3rd of 22: 11.76%
• Malawi — 4th of 22: 9.6%

What this measures

Claims on private sector include gross credit from the financial system to individuals, enterprises, nonfinancial public entities not included under net domestic credit, and financial institutions not included elsewhere. Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator represents the annual percentage growth in the ratio of claims to broad money.

All 33 values

Claims on private sector (annual growth as % of broad money) in nearby economies

• Australia — 7.27% (2025)
• Brunei Darussalam — 1.08% (2025)
• Cambodia — 5.72% (2025)
• China — 5.76% (2024)
• Fiji — 9.39% (2024)
• Hong Kong SAR, China — 0.57% (2025)
• Indonesia — 5.77% (2025)
• Japan — 1.57% (2025)
• Korea, Rep. — 4.13% (2024)

More financial sector data for Mongolia

• DEC alternative conversion factor (LCU per US$) — US$3,545 (2025)
• GDP deflator (base year varies by country) — 261.96 (2025)
• Inflation, GDP deflator (annual % growth) — 4.36% (2025)
• Inflation, GDP deflator, linked series (annual % growth) — 4.36% (2025)
• GDP deflator, linked series (base year varies by country) — 261.96 (2025)
• Domestic credit to private sector by banks (% of GDP) — 48.52% (2025)
• Official exchange rate (LCU per US$, period average) — US$3,545 (2025)
• Net domestic credit (current LCU) — 36.24 trillion (2024)
• Net foreign assets (current LCU) — 8.6 trillion (2024)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Mongolia's claims on private sector (annual growth as % of broad money)?

23.98% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1992?

It is down 16.24 percentage points from 40.22% in 1992. The highest value was 61% in 1994 and the lowest -14.31% in 1997.

How does Mongolia rank?

1st highest of 22 economies with data for 2024.

Is the latest change in claims on private sector (annual growth as % of broad money) unusual for Mongolia?

In 2024, Mongolia's claims on private sector (annual growth as % of broad money) rose 6.68 percentage points on 2023 (from 17.3% to 23.98%). Across the 30 yearly changes before that (1994 to 2023), the average change was −1.3 percentage points and a typical year strayed about 21.94 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator FM.AST.PRVT.ZG.M3, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.