Mongolia's PPG, private creditors (NFL, current US$) was US$654.58 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 22,804% from US$2.86 million in 2014 (72.18% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$654.58 million | 2024 |
| Five years earlier | −US$60.05 million | 2019 |
| Ten years earlier | US$2.86 million | 2014 |
| Highest | US$1.5 billion | 2012 |
| Lowest | −US$1.59 billion | 2022 |
| Average since 2015 | US$122.57 million | 2015–2024 |
| First recorded | US$18.75 million |
What the numbers say
In 2024, Mongolia's PPG, private creditors (NFL, current US$) rose US$722.8 million on 2023 (from −US$68.22 million to US$654.58 million).
Across the 26 yearly changes before that (1993 to 2023), the average change was −US$3.88 million and a typical year strayed about US$729.79 million from that (the standard deviation). This year's change was 1.0 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 US$1.53 billion in 2023 and the biggest yearly fall was US$1.84 billion in 2022. 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 11% 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 22nd highest value of the 95 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$654.58 million | 2024 |
| Upper middle income | US$64.14 billion | 2024 |
Closest to Mongolia in the 2024 ranking
What this measures
Public and publicly guaranteed debt from private creditors include bonds that are either publicly issued or privately placed; commercial bank loans from private banks and other private financial institutions; and other private credits from manufacturers, exporters, and other suppliers of goods, and bank credits covered by a guarantee of an export credit agency. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 29 values
| Year | PPG, private creditors (NFL, current US$) |
|---|---|
| 2024 | 654,583,000 |
| 2023 | -68,216,000 |
| 2022 | -1,594,253,000 |
| 2021 | 243,535,000 |
| 2020 | -64,125,000 |
| 2019 | -60,049,000 |
| 2018 | -23,914,000 |
| 2017 | 1,400,328,000 |
| 2016 | 740,469,000 |
| 2015 | -2,609,000 |
| 2014 |
PPG, private creditors (NFL, current US$) in nearby economies
- China — US$22.45 billion (2024)
- Fiji — −US$200 million (2020)
- Indonesia — US$11.05 billion (2024)
- Lao PDR — −US$198.01 million (2024)
- Myanmar — −US$189.21 million (2024)
- Papua New Guinea — −US$8.07 million (2024)
- Philippines — US$5 billion (2024)
- Thailand — −US$257.95 million (2024)
- Tonga — −US$130,000 (2015)
- Viet Nam — −US$1.82 billion (2024)
More economic policy & debt data for Mongolia
- Adjusted savings, education expenditure (% of GNI) — 4.58% (2021)
- Adjusted savings, net forest depletion (current US$) — 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$74.74 (2023)
Reading data like this
Questions people ask
- What is Mongolia's PPG, private creditors (NFL, current US$)?
- US$654.58 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 3,392% from US$18.75 million in 1992 (11.74% a year on average, compounded). The highest value was US$1.5 billion in 2012 and the lowest −US$1.59 billion in 2022.
- How does Mongolia rank?
- 22nd highest of 95 economies with data for 2024.
- Is the latest change in PPG, private creditors (NFL, current US$) unusual for Mongolia?
- In 2024, Mongolia's PPG, private creditors (NFL, current US$) rose US$722.8 million on 2023 (from −US$68.22 million to US$654.58 million). Across the 26 yearly changes before that (1993 to 2023), the average change was −US$3.88 million and a typical year strayed about US$729.79 million from that (the standard deviation). This year's change was 1.0 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 DT.NFL.PRVT.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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