Mongolia Government Debt: % of GDP

2017 - 2025 | Quarterly | % | CEIC Data

Key information about Mongolia Government Debt: % of GDP

  • Mongolia Government debt accounted for 38.6 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 38.8 % in the previous quarter.
  • Mongolia government debt to GDP ratio data is updated quarterly, available from Dec 2017 to Jun 2025.
  • The data reached an all-time high of 72.5 % in Dec 2017 and a record low of 37.6 % in Dec 2024.

CEIC calculated quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and quarterly Nominal GDP. The World Bank provides Government Debt in local currency. The National Statistics Office of Mongolia provides Nominal GDP in local currency. Government Debt covers Central Government only.
  • The country's Nominal GDP reached 5.5 USD bn in Sep 2025.
  • View Mongolia's Government Debt: % of GDP from Dec 2017 to Jun 2025 in the chart:

    Mongolia Government Debt: % of GDP

    What was Mongolia's Government Debt: % of GDP in Jun 2025?

    Mongolia Government debt accounted for 38.6 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 38.8 % in the previous quarter. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    38.6 Jun 2025 38.8 Mar 2025 37.6 Dec 2024 72.5 Dec 2017 % quarterly Dec 2017 - Jun 2025

    Government Debt: % of GDP by Country Comparison

    country/region Last Frequency Range
    Albania (%) 51.8 Dec 2025 quarterly Sep 2010 - Dec 2025
    Algeria (%) 47.8 2024 yearly 1997 - 2024
    Argentina (%) 73.3 Jun 2025 quarterly Dec 2004 - Jun 2025
    Armenia (%) 46.2 Mar 2026 quarterly Dec 2013 - Mar 2026
    Australia (%) 38.3 2024 yearly 1999 - 2024
    Austria (%) 81.5 Dec 2025 quarterly Mar 2000 - Dec 2025
    Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
    Bahrain (%) 105.4 Dec 2025 quarterly Dec 2007 - Dec 2025
    Bangladesh (%) 38.9 2025 yearly 2010 - 2025
    Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
    Belgium (%) 107.9 Dec 2025 quarterly Dec 1980 - Dec 2025
    Bolivia (%) 27.2 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (%) 18.7 2024 yearly 2007 - 2024
    Botswana (%) 30.2 Dec 2025 quarterly Jun 2014 - Dec 2025
    Brazil (%) 80.0 Mar 2026 quarterly Dec 2006 - Mar 2026
    Bulgaria (%) 29.9 Dec 2025 quarterly Mar 2007 - Dec 2025
    Cambodia (%) 26.0 2024 yearly 2013 - 2024
    Canada (%) 69.2 2025 yearly 1962 - 2025
    Chile (%) 42.6 Dec 2025 quarterly Mar 2002 - Dec 2025
    China (%) 29.4 Dec 2025 quarterly Mar 2014 - Dec 2025
    Colombia (%) 66.9 Dec 2025 quarterly Dec 2005 - Dec 2025
    Croatia (%) 56.5 Dec 2025 quarterly Dec 1995 - Dec 2025
    Cyprus (%) 55.0 Dec 2025 quarterly Dec 2010 - Dec 2025
    Czech Republic (%) 44.3 Dec 2025 quarterly Mar 2000 - Dec 2025
    Denmark (%) 27.9 Dec 2025 quarterly Mar 2000 - Dec 2025
    Ecuador (%) 67.1 Dec 2025 quarterly Dec 2005 - Dec 2025
    Egypt (%) 60.0 Dec 2025 quarterly Jun 2006 - Dec 2025
    Estonia (%) 24.1 Dec 2025 quarterly Mar 2000 - Dec 2025
    European Union (%) 81.7 Dec 2025 quarterly Mar 2000 - Dec 2025
    Finland (%) 88.5 Dec 2025 quarterly Mar 2000 - Dec 2025
    France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
    Georgia (%) 34.2 Dec 2025 quarterly Mar 2006 - Dec 2025
    Germany (%) 63.5 Dec 2025 quarterly Mar 2000 - Dec 2025
    Ghana (%) 61.8 2024 yearly 2006 - 2024
    Greece (%) 146.1 Dec 2025 quarterly Dec 1999 - Dec 2025
    Hong Kong SAR, China (%) 46.1 2025 yearly 2003 - 2025
    Hungary (%) 77.9 Mar 2026 quarterly Dec 1990 - Mar 2026
    Iceland (%) 56.1 2025 yearly 1998 - 2025
    India (%) 58.5 Dec 2025 quarterly Mar 2012 - Dec 2025
    Indonesia (%) 40.8 Mar 2026 quarterly Jun 2015 - Mar 2026
    Iran (%) 8.7 Jun 2025 quarterly Mar 1998 - Jun 2025
    Ireland (%) 32.9 Dec 2025 quarterly Mar 2000 - Dec 2025
    Israel (%) 67.2 2025 yearly 1995 - 2025
    Italy (%) 137.1 Dec 2025 quarterly Dec 1995 - Dec 2025
    Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
    Japan (%) 200.6 Mar 2026 quarterly Jun 1982 - Mar 2026
    Jordan (%) 83.1 Dec 2025 quarterly Mar 2002 - Dec 2025
    Kazakhstan (%) 22.8 Dec 2025 quarterly Mar 2005 - Dec 2025
    Kenya (%) 68.9 Sep 2025 quarterly Dec 2009 - Sep 2025
    South Korea (%) 47.6 Dec 2025 quarterly Sep 2002 - Dec 2025
    Kosovo (%) 19.9 2022 yearly 2009 - 2022
    Kuwait (%) 4.7 Dec 2025 quarterly Dec 2010 - Dec 2025
    Kyrgyzstan (%) 39.5 Dec 2025 quarterly Mar 2011 - Dec 2025
    Latvia (%) 46.9 Dec 2025 quarterly Mar 2000 - Dec 2025
    Lebanon (%) 24.7 2022 yearly 1998 - 2022
    Lithuania (%) 39.1 Jun 2025 quarterly Mar 2000 - Jun 2025
    Luxembourg (%) 26.5 Dec 2025 quarterly Dec 1997 - Dec 2025
    North Macedonia (%) 51.8 Dec 2025 quarterly Dec 2009 - Dec 2025
    Malawi (%) 66.0 2014 yearly 2010 - 2014
    Malaysia (%) 65.3 Mar 2026 quarterly Dec 2010 - Mar 2026
    Malta (%) 46.4 Dec 2025 quarterly Mar 2000 - Dec 2025
    Mauritius (%) 80.8 Mar 2026 quarterly Jun 2003 - Mar 2026
    Mexico (%) 57.9 Mar 2026 quarterly Dec 2005 - Mar 2026
    Moldova (%) 38.0 Jun 2025 quarterly Mar 2007 - Jun 2025
    Mongolia (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
    Montenegro (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
    Morocco (%) 71.4 2022 yearly 1994 - 2022
    Nepal (%) 39.9 2021 yearly 1990 - 2021
    Netherlands (%) 44.4 Dec 2025 quarterly Dec 1999 - Dec 2025
    New Zealand (%) 49.4 Dec 2025 quarterly Dec 2006 - Dec 2025
    Nigeria (%) 35.9 Dec 2025 quarterly Dec 2010 - Dec 2025
    Norway (%) 54.3 2025 yearly 1995 - 2025
    Oman (%) 34.6 2025 yearly 1990 - 2025
    Pakistan (%) 68.3 2025 yearly 2000 - 2025
    Palestinian Territory (%) 103.8 Dec 2025 quarterly Dec 2010 - Dec 2025
    Panama (%) 65.6 Dec 2025 quarterly Dec 2007 - Dec 2025
    Paraguay (%) 33.2 Dec 2025 quarterly Dec 2014 - Dec 2025
    Peru (%) 29.3 Mar 2026 quarterly Mar 1999 - Mar 2026
    Philippines (%) 65.2 Mar 2026 quarterly Mar 1993 - Mar 2026
    Poland (%) 59.7 Dec 2025 quarterly Mar 2000 - Dec 2025
    Portugal (%) 90.9 Mar 2026 quarterly Dec 1995 - Mar 2026
    Qatar (%) 15.0 2012 yearly 2006 - 2012
    Romania (%) 59.4 Dec 2025 quarterly Dec 2011 - Dec 2025
    Russia (%) 16.4 Dec 2025 quarterly Dec 2011 - Dec 2025
    Saudi Arabia (%) 31.7 Dec 2025 quarterly Dec 2016 - Dec 2025
    Serbia (%) 44.4 Dec 2025 quarterly Sep 2004 - Dec 2025
    Singapore (%) 166.2 Mar 2026 quarterly Mar 1990 - Mar 2026
    Slovakia (%) 62.3 Sep 2025 quarterly Mar 2000 - Sep 2025
    Slovenia (%) 65.7 Dec 2025 quarterly Dec 1999 - Dec 2025
    South Africa (%) 78.8 Dec 2025 quarterly Dec 1960 - Dec 2025
    Spain (%) 100.7 Dec 2025 quarterly Mar 1995 - Dec 2025
    Sri Lanka (%) 91.6 Dec 2025 quarterly Mar 2014 - Dec 2025
    Sweden (%) 35.1 Dec 2025 quarterly Mar 1996 - Dec 2025
    Switzerland (%) 22.2 2029 yearly 1990 - 2029
    Taiwan, China (%) 26.8 2024 yearly 1996 - 2024
    Tajikistan (%) 36.3 2021 yearly 1999 - 2021
    Thailand (%) 59.1 Dec 2025 quarterly Dec 1997 - Dec 2025
    Tunisia (%) 80.5 2025 yearly 2016 - 2025
    Turkey (%) 23.8 Dec 2025 quarterly Dec 2001 - Dec 2025
    Ukraine (%) 98.6 Dec 2025 quarterly Dec 2010 - Dec 2025

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    Mongolia Key Series

    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -2.3 Mar 2026 quarterly Dec 2000 - Mar 2026
    Consolidated Fiscal Balance (USD mn) -17.892 Apr 2026 monthly Jan 2000 - Apr 2026
    Tax Revenue (USD mn) 531.416 Apr 2026 monthly Jan 2000 - Apr 2026
    Tax Revenue: % of GDP (%) 19.4 Mar 2026 quarterly Mar 2000 - Mar 2026
    Government Debt: % of GDP (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
    Forecast: Government Expenditure (MNT bn) 59,360.345 2031 yearly 1981 - 2031
    Forecast: Government Net Debt (MNT bn) 95,761.750 2031 yearly 2006 - 2031
    Forecast: Government Revenue (MNT bn) 53,731.112 2031 yearly 1981 - 2031
    General Government Expenditure & NL: ytd: Net Lending (MNT mn) 41,581.249 Apr 2026 monthly Dec 1999 - Apr 2026
    General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 8,743,878.421 Apr 2026 monthly Dec 1999 - Apr 2026
    General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 1,944,569.120 Apr 2026 monthly Dec 1999 - Apr 2026
    General Government Expenditure & NL: ytd: Expenditure (MNT mn) 10,330,396.521 Apr 2026 monthly Dec 1999 - Apr 2026
    General Government Balance: ytd (MNT mn) -1,424,550.130 Apr 2026 monthly Dec 1999 - Apr 2026
    General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 270,910.392 Apr 2026 monthly Dec 1999 - Apr 2026
    General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 1,586,518.100 Apr 2026 monthly Dec 1999 - Apr 2026
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
    Trade Balance (USD mn) 735.3 Apr 2026 monthly Jan 1997 - Apr 2026
    Total Exports (USD mn) 1,923.8 Apr 2026 monthly Jan 1997 - Apr 2026
    Total Exports Growth (%) 7.9 Oct 2025 monthly Jan 1998 - Oct 2025
    Aluminum: Exports (USD th) 17,602.481 2024 yearly 1995 - 2024
    Exports: Medicament (USD th) 117.835 2024 yearly 1995 - 2024
    Exports: Medicinal and Pharmaceutical Product (USD th) 3,906.650 2024 yearly 1995 - 2024
    Total Imports (USD mn) 1,188.5 Apr 2026 monthly Jan 1997 - Apr 2026
    Total Imports Growth (%) 17.5 Apr 2026 monthly Jan 1998 - Apr 2026
    Imports: Medicament (USD th) 194,649.356 2024 yearly 1995 - 2024
    Imports: Medicinal and Pharmaceutical Product (USD th) 151,307.381 2024 yearly 1995 - 2024
    Total Exports to USA (USD mn) 24.340 Apr 2026 monthly Dec 1999 - Apr 2026
    Total Imports from USA (USD mn) 59.706 Apr 2026 monthly Dec 1999 - Apr 2026
    Total Exports to China (USD mn) 1,838.210 Apr 2026 monthly Dec 1999 - Apr 2026
    Total Imports from China (USD mn) 489.540 Apr 2026 monthly Dec 1999 - Apr 2026
    Exports: Live Animals and Products of Animal Origin (USD th) 5,717.899 Apr 2026 monthly Dec 1999 - Apr 2026
    Exports: Textiles and Textile Articles (USD th) 8,904.584 Apr 2026 monthly Dec 1999 - Apr 2026
    Exports: Mineral Products (USD th) 1,810,236.960 Apr 2026 monthly Dec 1999 - Apr 2026
    Exports: Europe: European Union: ow United Kingdom (USD th) 378.691 Apr 2026 monthly Dec 1999 - Apr 2026
    Exports: Asia: North Eastern: ow China (USD th) 1,840,333.316 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 260,847.214 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 196,298.358 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Base Metals and Articles Thereof (USD th) 104,815.313 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Mineral Products (USD th) 296,419.571 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Food Products (USD th) 85,460.944 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Asia: North Eastern: ow Japan (USD th) 103,887.272 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: America: ow USA (USD th) 59,705.620 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Asia: North Eastern: ow China (USD th) 491,294.122 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Europe: Others: ow Russian Federation (USD th) 335,227.360 Apr 2026 monthly Dec 1999 - Apr 2026
    Imports: Asia: North Eastern: ow Republic of Korea (USD th) 44,561.549 Apr 2026 monthly Dec 1999 - Apr 2026
    Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
    Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
    Export Value Index (2015=100) 325.500 2023 yearly 1980 - 2023
    Import Value Index (2015=100) 243.800 2023 yearly 1980 - 2023
    Export Volume Index (2015=100) 216.500 2023 yearly 2000 - 2023
    Import Volume Index (2015=100) 178.900 2023 yearly 2000 - 2023
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 1.6 Apr 2026 monthly Jan 2009 - Apr 2026
    Current Account Balance (USD mn) 128.9 Apr 2026 monthly Jan 2009 - Apr 2026
    Current Account Balance: % of GDP (%) 2.8 Mar 2026 quarterly Mar 2000 - Mar 2026
    Foreign Direct Investment (USD mn) 507.2 Apr 2026 monthly Jan 2009 - Apr 2026
    Foreign Direct Investment: % of GDP (%) 19.8 Mar 2026 quarterly Mar 2000 - Mar 2026
    Foreign Portfolio Investment (USD mn) 50.836 Mar 2026 quarterly Mar 1998 - Mar 2026
    Foreign Portfolio Investment: % of GDP (%) 0.8 Mar 2026 quarterly Mar 2000 - Mar 2026
    Foreign Portfolio Investment: Equity Securities (USD mn) 1.5 Mar 2026 quarterly Mar 1998 - Mar 2026
    Foreign Portfolio Investment: Debt Securities (USD mn) 49.303 Mar 2026 quarterly Mar 1998 - Mar 2026
    External Debt (USD mn) 40,460.2 Dec 2025 quarterly Mar 2000 - Dec 2025
    External Debt: % of GDP (%) 159.5 2025 yearly 1992 - 2025
    External Debt: Short Term (USD mn) 2,606.0 Dec 2025 quarterly Mar 2000 - Dec 2025
    External Debt: Short Term: % of GDP (%) 10.0 2025 yearly 1992 - 2025
    Forecast: Current Account Balance (USD bn) -3.783 2031 yearly 1991 - 2031
    Net International Investment Position (USD mn) -45,914.243 Mar 2026 quarterly Dec 2010 - Mar 2026
    Balance of Payments (BoP): Current Account (CA) (USD mn) 128.876 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: CA: Goods & Services: Services (USD mn) -250.715 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: CA: Secondary Income (USD mn) 6.491 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: CA: Goods & Services: Goods (USD mn) 827.769 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: Financial Account (FA) (USD mn) -59.585 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: Capital Account (USD mn) 11.965 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: CA: Primary Income (USD mn) -454.670 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Portfolio Investment (USD mn) 184.565 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Portfolio Investment: Asset (USD mn) 14.819 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Other Investment (OI) (USD mn) 266.654 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: OI: Liabilities (USD mn) 148.187 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: OI: Asset (USD mn) 414.841 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Portfolio Investment: Liabilities (USD mn) -169.746 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Financial Derivatives: Asset (USD mn) -1.076 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: Net Errors & Omissions (USD mn) -110.238 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Financial Derivatives (USD mn) -5.205 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: Reserves: Assets (USD mn) 90.187 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Direct Investment: Asset (USD mn) 1.634 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Direct Investment: Liabilities (USD mn) 507.233 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Direct Investment (USD mn) -505.599 Apr 2026 monthly Jan 2009 - Apr 2026
    BoP: FA: Financial Derivatives: Liabilities (USD mn) 4.130 Apr 2026 monthly Jan 2009 - Apr 2026
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 5.2 Apr 2026 monthly Dec 1996 - Apr 2026
    Household Debt: % of GDP (%) 28.5 Mar 2026 quarterly Mar 2004 - Mar 2026
    Non-Performing Loans (USD mn) 676.812 Apr 2026 monthly Dec 1996 - Apr 2026
    Money Supply M1 (USD mn) 3,098.595 Mar 2026 monthly Dec 1996 - Mar 2026
    Money Supply M2 (USD mn) 13,845.807 Mar 2026 monthly Dec 1996 - Mar 2026
    M2 Growth (%) 24.5 Apr 2026 monthly Dec 1997 - Apr 2026
    Reserve Requirement Ratio (%) 14.0 May 2026 monthly Jan 2005 - May 2026
    Foreign Exchange Reserves (USD mn) 5,330.6 Jan 2026 monthly Dec 1992 - Jan 2026
    Foreign Exchange Reserves: % of GDP (%) 22.945 Dec 2025 quarterly Dec 2010 - Dec 2025
    Foreign Exchange Reserves: Months of Import (NA) 6.3 Jan 2026 monthly Jan 1997 - Jan 2026
    Gold Reserves (USD mn) 1,310.238 Jan 2026 monthly Dec 1980 - Jan 2026
    Total Deposits (USD mn) 9,106.932 Mar 2026 monthly Jan 2000 - Mar 2026
    Total Deposits Growth (%) 19.9 Mar 2026 monthly Jan 2001 - Mar 2026
    Domestic Credit (USD mn) 12,112.1 Mar 2026 monthly Dec 1991 - Mar 2026
    Domestic Credit Growth (%) 14.8 Mar 2026 monthly Dec 1992 - Mar 2026
    Household Debt (USD mn) 7,738.5 Apr 2026 monthly Jan 2004 - Apr 2026
    Total Loans (USD mn) 12,939.984 Apr 2026 monthly Dec 1996 - Apr 2026
    Total Loans Growth (%) 16.24 Apr 2026 monthly Dec 1997 - Apr 2026
    Private Debt: % of Nominal GDP (%) 46.64 Mar 2026 quarterly Dec 2010 - Mar 2026
    International Reserves: Gross (USD mn) 7,733.050 May 2026 monthly Jan 2006 - May 2026
    Money Supply: M2: M1 (MNT mn) 11,057,987.029 Mar 2026 monthly Dec 1990 - Mar 2026
    Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 2,425,550.258 Apr 2026 monthly Dec 1996 - Apr 2026
    Deposits (MNT tn) 32.500 Mar 2026 monthly Jan 2000 - Mar 2026
    Deposits: Corporate (MNT tn) 6.700 Mar 2026 monthly May 2018 - Mar 2026
    Deposits: Individual (MNT tn) 25.800 Mar 2026 monthly May 2018 - Mar 2026

    More Indicators for Mongolia

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