Mongolia's debt service to exports (%) was 8.62% in 2024, the latest year in the World Bank's World Development Indicators. That is up 4.99 percentage points from 3.63% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 8.62% | 2024 |
| Five years earlier | 5.51% | 2019 |
| Ten years earlier | 3.63% | 2014 |
| Highest | 33.84% | 2003 |
| Lowest | 1.75% | 2011 |
| Average since 2015 | 9.62% | 2015–2024 |
| First recorded | 17.12% | 1992 |
What the numbers say
In 2024, Mongolia's debt service to exports (%) fell 3.86 percentage points on 2023 (from 12.48% to 8.62%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.22 percentage points and a typical year strayed about 8.2 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below 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 26.49 percentage points in 2003 and the biggest yearly fall was 30.91 percentage points in 2004. 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 the straight-line trend is upward, about 1.26 percentage points a year. A straight line explains 47% of the movement over 10 observed years.
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 47th highest value of the 100 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.
| Value | Year | |
|---|---|---|
| Mongolia | 8.62% | 2024 |
| Upper middle income | 4.48% | 2024 |
Closest to Mongolia in the 2024 ranking
- Sierra Leone — 43rd of 100: 8.98%
- Serbia — 44th of 100: 8.87%
- Samoa — 45th of 100: 8.79%
- Nicaragua — 47th of 100: 8.44%
- South Africa — 48th of 100: 8.19%
- Paraguay — 49th of 100: 8.02%
What this measures
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.
All 33 values
| Year | Debt service to exports (%) |
|---|---|
| 2024 | 8.62 |
| 2023 | 12.48 |
| 2022 | 19.16 |
| 2021 | 14.41 |
| 2020 | 14.3 |
| 2019 | 5.51 |
| 2018 | 11.05 |
| 2017 | 4.15 |
| 2016 | 3.46 |
| 2015 | 3.06 |
| 2014 |
Debt service to exports (%) in nearby economies
- Cambodia — 1.72% (2024)
- China — 1.93% (2024)
- Fiji — 5.1% (2024)
- Indonesia — 12.34% (2024)
- Lao PDR — 7% (2024)
- Myanmar — 3.36% (2019)
- Papua New Guinea — 4.78% (2024)
- Philippines — 7.96% (2024)
- Samoa — 8.79% (2024)
- Solomon Islands — 2.58% (2024)
- Thailand — 0.97% (2024)
- Timor-Leste
More economic policy & debt data for Mongolia
- Adjusted savings, education expenditure (% of GNI) — 4.58% (2021)
- Adjusted savings, net forest depletion (current US$) — US$0 (2021)
- Adjusted savings, mineral depletion (current US$) — US$1.5 billion (2021)
- Net official development assistance and official aid received (current US$) — US$260.17 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$260.17 million (2023)
- Net official development assistance received (current US$) — US$260.17 million (2023)
- Net official development assistance received (constant 2023 US$) — US$260.17 million (2023)
- Net ODA received per capita (current US$) — US$74.74 (2023)
Reading data like this
Questions people ask
- What is Mongolia's debt service to exports (%)?
- 8.62% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is down 8.5 percentage points from 17.12% in 1992. The highest value was 33.84% in 2003 and the lowest 1.75% in 2011.
- How does Mongolia rank?
- 47th highest of 100 economies with data for 2024.
- Is the latest change in debt service to exports (%) unusual for Mongolia?
- In 2024, Mongolia's debt service to exports (%) fell 3.86 percentage points on 2023 (from 12.48% to 8.62%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.22 percentage points and a typical year strayed about 8.2 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below 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 DT.TDS.DPPF.XP.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) 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.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in