Mongolia External Debt: % of GDP

1992 - 2023 | Yearly | % | CEIC Data

Key information about Mongolia External Debt: % of GDP

  • Mongolia External Debt accounted for 174.0 % of the country's Nominal GDP in 2023, compared with the ratio of 194.5 % in the previous year.
  • Mongolia External Debt: % of Nominal GDP data is updated yearly, available from Dec 1992 to Dec 2023.
  • The data reached an all-time high of 370.6 % in Dec 2000 and a record low of 26.9 % in Dec 1992.

CEIC calculates External Debt as % of Nominal GDP from quarterly External Debt and annual Nominal GDP. The Bank of Mongolia provides External Debt in USD. The National Statistics Office of Mongolia provides Nominal GDP in local currency. The Bank of Mongolia average market exchange rate is used for currency conversions. External Debt as % of Nominal GDP prior to 2010 is calculated from Nominal GDP based on SNA1993. External Debt as % of Nominal GDP prior to 2000 is calculated from External Debt and Nominal GDP, both sourced from the World Bank.


Related information about Mongolia External Debt: % of GDP

  • In the latest reports of Mongolia, Current Account recorded a deficit of 309.6 USD mn in Jan 2024.
  • Foreign Direct Investment (FDI) increased by 267.1 USD mn in Jan 2024.
  • Mongolia Direct Investment Abroad expanded by 3.1 USD mn in Jan 2024.
  • Its Foreign Portfolio Investment fell by 509.5 USD mn in Dec 2023.
  • The country's External Debt reached 34,569.8 in Dec 2023.
  • The country's Nominal GDP was reported at 3.9 USD bn in Mar 2023.

View Mongolia's External Debt: % of GDP from 1992 to 2023 in the chart:

Mongolia External Debt: % of GDP

What was Mongolia's External Debt: % of GDP in 2023?

Mongolia External Debt accounted for 174.0 % of the country's Nominal GDP in 2023, compared with the ratio of 194.5 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
174.0 2023 194.5 2022 26.9 1992 370.6 2000 % yearly 1992 - 2023

External Debt: % of GDP by Country Comparison

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Includes External Debt: % of GDP on 109 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 54.1 2022 yearly 1991 - 2022
Algeria (%) 1.8 2022 yearly 1970 - 2022
Argentina (%) 45.4 2023 yearly 1994 - 2023
Armenia (%) 63.9 2023 yearly 2000 - 2023
Australia (%) 109.4 2023 yearly 1988 - 2023
Austria (%) 131.7 2022 yearly 1997 - 2022
Azerbaijan (%) 14.9 Dec 2021 quarterly Dec 2001 - Dec 2021
Bangladesh (%) 11.4 2017 yearly 1997 - 2017
Belarus (%) 51.4 Dec 2023 quarterly Dec 2000 - Dec 2023
Belgium (%) 237.7 2023 yearly 2007 - 2023
Bolivia (%) 35.3 2022 yearly 2006 - 2022
Bosnia and Herzegovina (%) 18.2 2023 yearly 1999 - 2023
Botswana (%) 7.3 2023 yearly 1995 - 2023
Brazil (%) 27.9 2023 yearly 1992 - 2023
Bulgaria (%) 48.3 2023 yearly 1999 - 2023
Cambodia (%) 75.6 2022 yearly 2010 - 2022
Canada (%) 134.9 2022 yearly 1990 - 2022
Chile (%) 71.7 2023 yearly 1971 - 2023
China (%) 13.7 2023 yearly 1985 - 2023
Colombia (%) 53.7 2023 yearly 1970 - 2023
Croatia (%) 73.9 2022 yearly 1998 - 2022
Cyprus (%) 609.6 2022 yearly 2004 - 2022
Czech Republic (%) 62.9 2023 yearly 1995 - 2023
Denmark (%) 124.1 2022 yearly 2005 - 2022
Ecuador (%) 49.0 2023 yearly 1970 - 2023
Egypt (%) 40.5 Jun 2023 quarterly Jun 1999 - Jun 2023
Estonia (%) 90.2 2023 yearly 1996 - 2023
European Union (%) 117.3 2022 yearly 2008 - 2022
Finland (%) 215.1 2023 yearly 1991 - 2023
France (%) 245.8 2022 yearly 2004 - 2022
Georgia (%) 94.2 2022 yearly 1999 - 2022
Germany (%) 148.2 2023 yearly 1999 - 2023
Ghana (%) 39.0 2022 yearly 1999 - 2022
Greece (%) 250.9 2023 yearly 2003 - 2023
Hong Kong SAR, China (%) 480.1 2023 yearly 2001 - 2023
Hungary (%) 129.3 2023 yearly 2006 - 2023
Iceland (%) 71.6 2023 yearly 1989 - 2023
India (%) 18.9 2023 yearly 1970 - 2023
Indonesia (%) 29.7 2023 yearly 2003 - 2023
Iran (%) 0.3 2023 yearly 1994 - 2023
Ireland (%) 563.9 2023 yearly 2002 - 2023
Israel (%) 30.5 2023 yearly 1998 - 2023
Italy (%) 129.0 2022 yearly 2002 - 2022
Ivory Coast (%) 31.4 2021 yearly 1994 - 2021
Japan (%) 106.9 2023 yearly 2003 - 2023
Jordan (%) 80.0 2022 yearly 1970 - 2022
Kazakhstan (%) 62.5 Dec 2023 quarterly Mar 2002 - Dec 2023
Kenya (%) 35.0 2022 yearly 2006 - 2022
South Korea (%) 38.8 2023 yearly 1994 - 2023
Kosovo (%) 38.4 2022 yearly 2007 - 2022
Kuwait (%) 35.3 2022 yearly 2014 - 2022
Kyrgyzstan (%) 80.3 2022 yearly 2003 - 2022
Laos (%) 68.0 2022 yearly 1996 - 2022
Latvia (%) 98.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Lebanon (%) 53.0 2020 yearly 2007 - 2020
Lithuania (%) 68.4 2023 yearly 1996 - 2023
Luxembourg (%) 4,321.4 2023 yearly 2002 - 2023
North Macedonia (%) 83.7 2022 yearly 2004 - 2022
Malawi (%) 60.1 2021 yearly 2006 - 2021
Malaysia (%) 68.2 2023 yearly 2009 - 2023
Malta (%) 971.6 2022 yearly 2004 - 2022
Mauritius (%) 1,322.0 2023 yearly 2009 - 2023
Mexico (%) 33.3 2023 yearly 2002 - 2023
Moldova (%) 65.2 2022 yearly 2000 - 2022
Mongolia (%) 174.0 2023 yearly 1992 - 2023
Montenegro (%) 141.5 2022 yearly 2006 - 2022
Morocco (%) 50.9 2022 yearly 1970 - 2022
Mozambique (%) 71.7 2020 yearly 1985 - 2020
Myanmar (%) 16.7 2020 yearly 2018 - 2020
Nepal (%) 17.3 2016 yearly 2001 - 2016
Netherlands (%) 338.5 2023 yearly 2003 - 2023
New Zealand (%) 87.1 2023 yearly 1993 - 2023
Nigeria (%) 11.9 2023 yearly 1985 - 2023
Norway (%) 152.5 2023 yearly 2003 - 2023
Pakistan (%) 37.2 2023 yearly 2000 - 2023
Palestinian Territory (%) 11.4 2022 yearly 2012 - 2022
Panama (%) 167.4 2021 yearly 2014 - 2021
Paraguay (%) 55.7 2023 yearly 2000 - 2023
Peru (%) 41.8 2022 yearly 1980 - 2022
Philippines (%) 28.7 2023 yearly 1990 - 2023
Poland (%) 49.5 2023 yearly 1995 - 2023
Portugal (%) 166.0 2022 yearly 1996 - 2022
Qatar (%) 106.1 2018 yearly 2000 - 2018
Romania (%) 52.6 2023 yearly 1995 - 2023
Russia (%) 15.7 2023 yearly 1993 - 2023
Serbia (%) 69.4 2022 yearly 2000 - 2022
Singapore (%) 391.1 2023 yearly 2003 - 2023
Slovakia (%) 96.5 2023 yearly 1995 - 2023
Slovenia (%) 91.8 2023 yearly 2001 - 2023
South Africa (%) 41.8 2023 yearly 1985 - 2023
Spain (%) 165.5 2023 yearly 1995 - 2023
Sri Lanka (%) 75.0 2022 yearly 1998 - 2022
Sudan (%) 202.2 2021 yearly 2001 - 2021
Sweden (%) 166.4 2023 yearly 1997 - 2023
Switzerland (%) 241.1 2023 yearly 1999 - 2023
Taiwan (%) 27.3 2023 yearly 1999 - 2023
Tajikistan (%) 37.7 2021 yearly 2000 - 2021
Thailand (%) 38.4 Dec 2023 quarterly Mar 2005 - Dec 2023
Tunisia (%) 92.1 2022 yearly 2002 - 2022
Turkey (%) 45.6 2023 yearly 1989 - 2023

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Mongolia Key Series

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Includes 212 key indicators for Mongolia, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 1.1 Dec 2023 quarterly Dec 2000 - Dec 2023
Consolidated Fiscal Balance (USD mn) 196.620 Feb 2024 monthly Jan 2000 - Feb 2024
Tax Revenue (USD mn) 582.910 Feb 2024 monthly Jan 2000 - Feb 2024
Tax Revenue: % of GDP (%) 19.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Government Debt: % of GDP (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
Forecast: Government Expenditure (MNT bn) 42,528.460 2028 yearly 1981 - 2028
Forecast: Government Net Debt (MNT bn) 90,114.430 2028 yearly 2006 - 2028
Forecast: Government Revenue (MNT bn) 39,675.330 2028 yearly 1981 - 2028
General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 859,511.784 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 200,874.250 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Balance: ytd (MNT mn) 1,342,943.738 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 3,078,412.654 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Expenditure & NL: ytd: Expenditure (MNT mn) 3,724,681.023 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Expenditure & NL: ytd: Net Lending (MNT mn) 34,495.933 Feb 2024 monthly Dec 1999 - Feb 2024
General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 646,268.369 Feb 2024 monthly Dec 1999 - Feb 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
Trade Balance (USD mn) 252.4 Feb 2024 monthly Jan 1997 - Feb 2024
Total Exports (USD mn) 913.0 Feb 2024 monthly Jan 1997 - Feb 2024
Total Exports Growth (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
Aluminum: Exports (USD th) 7,160.872 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 100.343 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 83.518 2022 yearly 1995 - 2022
Total Imports (USD mn) 660.6 Feb 2024 monthly Jan 1997 - Feb 2024
Total Imports Growth (%) 29.6 Feb 2024 monthly Jan 1998 - Feb 2024
Imports: Medicament (USD th) 140,968.073 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 71,770.506 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 0.307 Feb 2024 monthly Dec 1999 - Feb 2024
Total Imports from USA (USD mn) 22.150 Feb 2024 monthly Dec 1999 - Feb 2024
Total Exports to China (USD mn) 1,198.029 Jan 2024 monthly Dec 1999 - Jan 2024
Total Imports from China (USD mn) 184.224 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
Exports: Live Animals and Products of Animal Origin (USD th) 7,508.623 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Textiles and Textile Articles (USD th) 7,249.815 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Mineral Products (USD th) 875,134.166 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Europe: European Union: ow United Kingdom (USD th) 140.450 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: Asia: North Eastern: ow China (USD th) 887,716.060 Feb 2024 monthly Dec 1999 - Feb 2024
Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
Imports: Mineral Products (USD th) 192,085.521 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 122,056.008 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 132,229.588 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Base Metals and Articles Thereof (USD th) 35,790.276 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Food Products (USD th) 49,016.319 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Asia: North Eastern: ow Republic of Korea (USD th) 29,531.059 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: America: ow USA (USD th) 22,149.732 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Europe: Others: ow Russian Federation (USD th) 210,974.018 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Asia: North Eastern: ow Japan (USD th) 73,506.240 Feb 2024 monthly Dec 1999 - Feb 2024
Imports: Asia: North Eastern: ow China (USD th) 184,794.549 Feb 2024 monthly Dec 1999 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3.3 Feb 2024 monthly Jan 2009 - Feb 2024
Current Account Balance (USD mn) -144.7 Feb 2024 monthly Jan 2009 - Feb 2024
Current Account Balance: % of GDP (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Direct Investment (USD mn) 267.1 Feb 2024 monthly Jan 2009 - Feb 2024
Foreign Direct Investment: % of GDP (%) 11.6 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment (USD mn) -509.520 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -7.8 Dec 2023 quarterly Mar 2000 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -0.1 Dec 2023 quarterly Mar 1998 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -509.375 Dec 2023 quarterly Mar 1998 - Dec 2023
External Debt (USD mn) 34,569.8 Dec 2023 quarterly Mar 2000 - Dec 2023
External Debt: % of GDP (%) 174.0 2023 yearly 1992 - 2023
External Debt: Short Term (USD mn) 2,388.2 Dec 2023 quarterly Mar 2000 - Dec 2023
External Debt: Short Term: % of GDP (%) 11.7 2023 yearly 1992 - 2023
Forecast: Current Account Balance (USD bn) -1.770 2028 yearly 1991 - 2028
Net International Investment Position (USD mn) -41,852.420 Jun 2023 quarterly Dec 2010 - Jun 2023
Balance of Payments (BoP): Current Account (CA) (USD mn) -144.653 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: CA: Goods & Services: Services (USD mn) -270.867 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: CA: Goods & Services: Goods (USD mn) 142.799 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: CA: Primary Income (USD mn) -148.900 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Direct Investment: Asset (USD mn) 3.286 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: Financial Account (FA) (USD mn) -310.619 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: CA: Secondary Income (USD mn) 132.315 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Direct Investment: Liabilities (USD mn) 267.118 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Financial Derivatives: Liabilities (USD mn) -0.026 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Other Investment (OI) (USD mn) -77.698 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Portfolio Investment: Liabilities (USD mn) -5.469 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: Capital Account (USD mn) 10.392 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Portfolio Investment: Asset (USD mn) 27.697 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: Net Errors & Omissions (USD mn) -51.244 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Financial Derivatives (USD mn) -2.255 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Financial Derivatives: Asset (USD mn) -2.282 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: OI: Asset (USD mn) -80.085 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: OI: Liabilities (USD mn) -2.388 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Direct Investment (USD mn) -263.832 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: Reserves: Assets (USD mn) 125.115 Feb 2024 monthly Jan 2009 - Feb 2024
BoP: FA: Portfolio Investment (USD mn) 33.165 Feb 2024 monthly Jan 2009 - Feb 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 7.3 Feb 2024 monthly Dec 1996 - Feb 2024
Household Debt: % of GDP (%) 22.3 Dec 2023 quarterly Mar 2004 - Dec 2023
Non-Performing Loans (USD mn) 604.265 Feb 2024 monthly Dec 1996 - Feb 2024
Money Supply M1 (USD mn) 2,800.237 Feb 2024 monthly Dec 1996 - Feb 2024
Money Supply M2 (USD mn) 11,119.003 Feb 2024 monthly Dec 1996 - Feb 2024
M2 Growth (%) 24.3 Feb 2024 monthly Dec 1997 - Feb 2024
Reserve Requirement Ratio (%) 8.0 Mar 2024 monthly Jan 2005 - Mar 2024
Foreign Exchange Reserves (USD mn) 4,293.4 Feb 2024 monthly Dec 1992 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 21.476 Dec 2023 quarterly Dec 2010 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 6.5 Feb 2024 monthly Jan 1997 - Feb 2024
Gold Reserves (USD mn) 569.051 Feb 2024 monthly Dec 1980 - Feb 2024
Total Deposits (USD mn) 6,653.085 Feb 2024 monthly Jan 2000 - Feb 2024
Total Deposits Growth (%) 20.3 Feb 2024 monthly Jan 2001 - Feb 2024
Domestic Credit (USD mn) 8,409.9 Feb 2024 monthly Dec 1992 - Feb 2024
Domestic Credit Growth (%) 12.1 Feb 2024 monthly Dec 1993 - Feb 2024
Household Debt (USD mn) 4,834.2 Feb 2024 monthly Jan 2004 - Feb 2024
Total Loans (USD mn) 8,292.988 Feb 2024 monthly Dec 1996 - Feb 2024
Total Loans Growth (%) 23.91 Feb 2024 monthly Dec 1997 - Feb 2024
Private Debt: % of Nominal GDP (%) 38.96 Dec 2023 quarterly Dec 2010 - Dec 2023
Money Supply: M2: M1 (MNT mn) 9,470,094.647 Feb 2024 monthly Dec 1990 - Feb 2024
International Reserves: Gross (USD mn) 5,249.820 Mar 2024 monthly Jan 2006 - Mar 2024
Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 2,043,556.267 Feb 2024 monthly Dec 1996 - Feb 2024

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