Central government debt, total in Mongolia
Mongolia: Central government debt, total was 34.96 trillion current LCU in 2024. ◆ Volatile
Central government debt, total in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Mongolia recorded 34.96 trillion current LCU for central government debt, total in 2024. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 18.8% on the previous year and up 62.7% over ten years.
Over the whole period, central government debt, total in Mongolia peaked at 34.96 trillion current LCU in 2024 and was at its lowest, 11.57 billion current LCU, in 1992.
Mongolia ranks 8th of 83 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 375.27 billion current LCU | 11.57 billion current LCU | 906.72 billion current LCU | 8 |
| 2000s | 960.84 billion current LCU | 959.89 billion current LCU | 961.78 billion current LCU | 2 |
| 2010s | 22.26 trillion current LCU | 21.49 trillion current LCU | 23.02 trillion current LCU | 2 |
| 2020s | 30.70 trillion current LCU | 27.69 trillion current LCU | 34.96 trillion current LCU | 3 |
Countries ranked near Mongolia
- 5 India 87.93 trillion current LCU compare
- 6 Hungary 66.82 trillion current LCU compare
- 7 Russia 36.11 trillion current LCU compare
- 9 United States 33.92 trillion current LCU compare
- 10 Kazakhstan 24.95 trillion current LCU compare
- 11 Democratic Republic of Congo 21.12 trillion current LCU compare
More public sector data for Mongolia
- Arms imports 3.00 million SIPRI trend indicator values (2022)
- Tax revenue 16.9% (2024)
- Taxes on income, profits and capital gains 16.3% (2024)
- Taxes on goods and services 25.9% (2024)
- Net investment in nonfinancial assets 6.3% (2024)
- Net lending (+) / net borrowing (-) 1.8% (2024)
- Interest payments 4.3% (2024)
- Grants and other revenue 31.0% (2024)
- Interest payments 6.0% (2021)
- Other taxes 1.0% (2024)
Frequently asked questions
- What is central government debt, total in Mongolia?
- Central government debt, total in Mongolia was 34.96 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Mongolia?
- The highest recorded value was 34.96 trillion current LCU in 2024.
- What is the lowest central government debt, total recorded in Mongolia?
- The lowest recorded value was 11.57 billion current LCU in 1992.
- How does Mongolia rank for central government debt, total?
- Mongolia ranks 8th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Mongolia?
- Over the last ten years it is up 62.7%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.