Total debt service in Mongolia
Mongolia: Total debt service was 25.7% in 2024. ◆ Volatile
Total debt service in Mongolia, 1992–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, total debt service in Mongolia stood at 25.7%.
That represents a change of down 8.0% on the previous year and up 113.8% over ten years.
Over the whole period, total debt service in Mongolia peaked at 89.0% in 2019 and was at its lowest, 1.4%, in 2007.
Mongolia ranks 2nd of 121 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 | 4.0% | 2.3% | 5.4% | 8 |
| 2000s | 4.1% | 1.4% | 18.3% | 10 |
| 2010s | 26.2% | 2.6% | 89.0% | 10 |
| 2020s | 24.4% | 20.5% | 27.9% | 5 |
Countries ranked near Mongolia
- 1 El Salvador 35.5% compare
- 3 Mozambique 22.4% compare
- 4 Suriname 20.5% compare
- 5 Papua New Guinea 20.4% compare
More economy & growth data for Mongolia
- DEC alternative conversion factor 3,545 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 1.26 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 355.63 million current US$ (2025)
- Taxes less subsidies on products 8.52 trillion current LCU (2025)
- Taxes less subsidies on products 2.40 billion current US$ (2025)
- Net primary income (Net income from abroad) -10.09 trillion current LCU (2025)
- Net primary income (Net income from abroad) -2.85 billion current US$ (2025)
- GNI per capita 22.37 million current LCU (2025)
- GNI per capita, Atlas method 6,210 current US$ (2025)
- GNI 79.84 trillion current LCU (2025)
Frequently asked questions
- What is total debt service in Mongolia?
- Total debt service in Mongolia was 25.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Mongolia?
- The highest recorded value was 89.0% in 2019.
- What is the lowest total debt service recorded in Mongolia?
- The lowest recorded value was 1.4% in 2007.
- How does Mongolia rank for total debt service?
- Mongolia ranks 2nd out of 121 countries with data for 2024.
- Is total debt service rising or falling in Mongolia?
- Over the last ten years it is up 113.8%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.