Mongolia's public and publicly guaranteed debt service (% of GNI) was 6.43% in 2024, the latest year in the World Bank's World Development Indicators. That is up 5 percentage points from 1.43% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 6.43% | 2024 |
| Five years earlier | 3.8% | 2019 |
| Ten years earlier | 1.43% | 2014 |
| Highest | 17.52% | 2003 |
| Lowest | 0.78% | 2011 |
| Average since 2015 | 6.77% | 2015–2024 |
| First recorded | 5.09% | 1992 |
What the numbers say
In 2024, Mongolia's public and publicly guaranteed debt service (% of GNI) fell 4.13 percentage points on 2023 (from 10.56% to 6.43%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.25 percentage points and a typical year strayed about 4.47 percentage points from that (the standard deviation). This year's change was 1.0 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 14.36 percentage points in 2003 and the biggest yearly fall was 16.16 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 1.05 percentage points a year. A straight line explains 58% 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 9th highest value of the 117 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 | 6.43% | 2024 |
| Upper middle income | 1.11% | 2024 |
Closest to Mongolia in the 2024 ranking
What this measures
Public and publicly guaranteed debt service to gross national income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 33 values
| Year | Public and publicly guaranteed debt service (% of GNI) |
|---|---|
| 2024 | 6.43 |
| 2023 | 10.56 |
| 2022 | 13.78 |
| 2021 | 10.13 |
| 2020 | 9.43 |
| 2019 | 3.8 |
| 2018 | 7.32 |
| 2017 | 2.89 |
| 2016 | 1.91 |
| 2015 | 1.46 |
| 2014 |
Public and publicly guaranteed debt service (% of GNI) in nearby economies
- Cambodia — 1.18% (2024)
- China — 0.43% (2024)
- Fiji — 2.91% (2024)
- Indonesia — 2.81% (2024)
- Lao PDR — 5.31% (2024)
- Myanmar — 0.91% (2024)
- Papua New Guinea — 2.16% (2024)
- Philippines — 1.85% (2024)
- Samoa — 2.95% (2024)
- Solomon Islands
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 public and publicly guaranteed debt service (% of GNI)?
- 6.43% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 1.34 percentage points from 5.09% in 1992. The highest value was 17.52% in 2003 and the lowest 0.78% in 2011.
- How does Mongolia rank?
- 9th highest of 117 economies with data for 2024.
- Is the latest change in public and publicly guaranteed debt service (% of GNI) unusual for Mongolia?
- In 2024, Mongolia's public and publicly guaranteed debt service (% of GNI) fell 4.13 percentage points on 2023 (from 10.56% to 6.43%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.25 percentage points and a typical year strayed about 4.47 percentage points from that (the standard deviation). This year's change was 1.0 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.DPPG.GN.ZS, 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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