Mongolia's multilateral debt service (TDS, current US$) was US$317.41 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 640.76% from US$42.85 million in 2014 (22.17% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$317.41 million | 2024 |
| Five years earlier | US$93.76 million | 2019 |
| Ten years earlier | US$42.85 million | 2014 |
| Highest | US$317.41 million | 2024 |
| Lowest | US$345,000 | 1992 |
| Average since 2015 | US$131.32 million | 2015–2024 |
| First recorded | US$345,000 |
What the numbers say
In 2024, Mongolia's multilateral debt service (TDS, current US$) rose 25.3% on 2023 (from US$253.35 million to US$317.41 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was +40.5% and a typical year strayed about 120.7% from that (the standard deviation). This year's change was 0.1 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 668.6% in 1994 and the biggest yearly fall was 71.5% 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 the straight-line trend is upward, about US$28.62 million a year. A straight line explains 88% 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 54th highest value of the 120 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 | US$317.41 million | 2024 |
| Upper middle income | US$51.4 billion | 2024 |
Closest to Mongolia in the 2024 ranking
- Moldova — 50th of 120: US$324.27 million
- Papua New Guinea — 51st of 120: US$324.05 million
- Albania — 52nd of 120: US$322.91 million
- Nepal — 54th of 120: US$308.52 million
- North Macedonia — 55th of 120: US$305.31 million
- Ghana — 56th of 120: US$290.37 million
What this measures
Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Debt service payments are the sum of principal repayments and interest payments actually made in the year specified. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 33 values
| Year | Multilateral debt service (TDS, current US$) |
|---|---|
| 2024 | 317,411,803 |
| 2023 | 253,354,320 |
| 2022 | 164,707,419 |
| 2021 | 147,390,218 |
| 2020 | 122,225,984 |
| 2019 | 93,764,737 |
| 2018 | 70,842,522 |
| 2017 | 52,001,290 |
| 2016 | 47,188,991 |
| 2015 | 44,338,921 |
| 2014 |
Multilateral debt service (TDS, current US$) in nearby economies
- Cambodia — US$158.64 million (2024)
- China — US$5.98 billion (2024)
- Fiji — US$114.13 million (2024)
- Indonesia — US$4.88 billion (2024)
- Lao PDR — US$138.51 million (2024)
- Myanmar — US$131.57 million (2024)
- Papua New Guinea — US$324.05 million (2024)
- Philippines — US$3.21 billion (2024)
- Samoa — US$12.66 million (2024)
- Solomon Islands — US$5.4 million (2024)
More economic policy & debt data for Mongolia
- Adjusted savings, education expenditure (% of GNI) — 4.58% (2021)
- Adjusted savings, net forest depletion (current US$) — 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$74.74 (2023)
Reading data like this
Questions people ask
- What is Mongolia's multilateral debt service (TDS, current US$)?
- US$317.41 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 91,903% from US$345,000 in 1992 (23.77% a year on average, compounded). The highest value was US$317.41 million in 2024 and the lowest US$345,000 in 1992.
- How does Mongolia rank?
- 54th highest of 120 economies with data for 2024.
- Is the latest change in multilateral debt service (TDS, current US$) unusual for Mongolia?
- In 2024, Mongolia's multilateral debt service (TDS, current US$) rose 25.3% on 2023 (from US$253.35 million to US$317.41 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +40.5% and a typical year strayed about 120.7% from that (the standard deviation). This year's change was 0.1 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.MLAT.CD, 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.
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