Mongolia's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) was US$2.95 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 175.64% from US$1.07 billion in 2014 (10.67% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$2.95 billion | 2024 |
| Five years earlier | US$1.89 billion | 2019 |
| Ten years earlier | US$1.07 billion | 2014 |
| Highest | US$4.05 billion | 2012 |
| Lowest | −US$734.44 million | 2017 |
| Average since 2015 | US$1.42 billion | 2015–2024 |
| First recorded | US$2.38 million |
What the numbers say
In 2024, Mongolia's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) rose US$1.66 billion on 2023 (from US$1.29 billion to US$2.95 billion).
Across the 17 yearly changes before that (2007 to 2023), the average change was +US$75.91 million and a typical year strayed about US$1.57 billion from that (the standard deviation). This year's change was 1.0 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was US$2.55 billion in 2010 and the biggest yearly fall was US$3.84 billion in 2017. 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 7% 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 6th highest value of the 79 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$2.95 billion | 2024 |
| Upper middle income | −US$59.61 billion | 2024 |
Closest to Mongolia in the 2024 ranking
- Colombia — 3rd of 79: US$4.64 billion
- Uzbekistan — 4th of 79: US$3.84 billion
- Türkiye — 5th of 79: US$3.51 billion
- Mozambique — 7th of 79: US$2.94 billion
- Kyrgyz Republic — 8th of 79: US$1.19 billion
- Paraguay — 9th of 79: US$1.18 billion
What this measures
Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 19 values
| Year | Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) |
|---|---|
| 2024 | 2,948,911,000 |
| 2023 | 1,292,930,000 |
| 2022 | 1,432,806,000 |
| 2021 | 1,671,826,000 |
| 2020 | 451,529,000 |
| 2019 | 1,892,571,000 |
| 2018 | 1,300,913,000 |
| 2017 | -734,444,000 |
| 2016 | 3,104,742,000 |
| 2015 | 878,427,000 |
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) in nearby economies
- Cambodia — −US$2.29 billion (2024)
- China — −US$57.95 billion (2024)
- Fiji — US$166.34 million (2024)
- Indonesia — −US$3.71 billion (2024)
- Lao PDR — −US$878.7 million (2024)
- Myanmar — US$32.05 million (2024)
- Papua New Guinea — −US$3 billion (2024)
- Philippines — US$1.14 billion (2024)
More economic policy & debt data for Mongolia
- Adjusted savings, education expenditure (% of GNI) — 4.58% (2021)
- Adjusted savings, net forest depletion (current US$) — 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$74.74 (2023)
Reading data like this
Questions people ask
- What is Mongolia's net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)?
- US$2.95 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is up 123,596% from US$2.38 million in 2006 (48.52% a year on average, compounded). The highest value was US$4.05 billion in 2012 and the lowest −US$734.44 million in 2017.
- How does Mongolia rank?
- 6th highest of 79 economies with data for 2024.
- Is the latest change in net flows on external debt, private nonguaranteed (PNG) (NFL, current US$) unusual for Mongolia?
Source
World Bank, World Development Indicators, indicator DT.NFL.DPNG.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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