Interest payments in Mongolia
Mongolia: Interest payments was 1.17 trillion current LCU in 2024. ◆ Volatile
Interest payments in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Mongolia recorded 1.17 trillion current LCU for interest payments in 2024. That is the highest value across all 31 years on record.
The figure is up 6.7% on the previous year and up 133.0% over ten years.
Over the whole period, interest payments in Mongolia peaked at 1.17 trillion current LCU in 2024 and was at its lowest, 62.00 million current LCU, in 1992.
Mongolia ranks 24th of 155 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Mongolia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 62.00 million current LCU | — |
| 1993 | 2.03 billion current LCU | +3171.0% |
| 1994 | 1.71 billion current LCU | -15.9% |
| 1995 | 1.80 billion current LCU | +5.5% |
| 1996 | 3.93 billion current LCU | +118.7% |
| 1997 | 18.13 billion current LCU | +361.0% |
| 1998 | 11.09 billion current LCU | -38.8% |
| 1999 | 17.30 billion current LCU | +55.9% |
| 2000 | 18.19 billion current LCU | +5.2% |
| 2001 | 16.45 billion current LCU | -9.6% |
| 2002 | 20.04 billion current LCU | +21.9% |
| 2003 | 17.65 billion current LCU | -11.9% |
| 2006 | 18.08 billion current LCU | +2.4% |
| 2007 | 18.58 billion current LCU | +2.7% |
| 2008 | 19.84 billion current LCU | +6.8% |
| 2009 | 29.62 billion current LCU | +49.3% |
| 2010 | 41.92 billion current LCU | +41.5% |
| 2011 | 37.32 billion current LCU | -11.0% |
| 2012 | 125.91 billion current LCU | +237.4% |
| 2013 | 269.67 billion current LCU | +114.2% |
| 2014 | 500.35 billion current LCU | +85.5% |
| 2015 | 731.01 billion current LCU | +46.1% |
| 2016 | 986.10 billion current LCU | +34.9% |
| 2017 | 1.16 trillion current LCU | +17.3% |
| 2018 | 1.05 trillion current LCU | -8.9% |
| 2019 | 880.24 billion current LCU | -16.5% |
| 2020 | 978.40 billion current LCU | +11.2% |
| 2021 | 829.63 billion current LCU | -15.2% |
| 2022 | 807.98 billion current LCU | -2.6% |
| 2023 | 1.09 trillion current LCU | +35.2% |
| 2024 | 1.17 trillion current LCU | +6.7% |
Mongolia compared with similar countries
- Mongolia's 1.17 trillion current LCU is above the median for upper middle income countries, which is 34.20 billion current LCU, 34.1× the median. (48 countries reporting)
- Mongolia's 1.17 trillion current LCU is above the median for East Asia & Pacific, which is 4.93 billion current LCU, 236.6× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Interest payments in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +3171.0% | 62.00 million current LCU | 2.03 billion current LCU |
| 1997 | +361.0% | 3.93 billion current LCU | 18.13 billion current LCU |
| 2012 | +237.4% | 37.32 billion current LCU | 125.91 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.01 billion current LCU | 62.00 million current LCU | 18.13 billion current LCU | 8 |
| 2000s | 19.81 billion current LCU | 16.45 billion current LCU | 29.62 billion current LCU | 8 |
| 2010s | 578.30 billion current LCU | 37.32 billion current LCU | 1.16 trillion current LCU | 10 |
| 2020s | 974.91 billion current LCU | 807.98 billion current LCU | 1.17 trillion current LCU | 5 |
Countries ranked near Mongolia
More public sector data for Mongolia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is interest payments in Mongolia?
- Interest payments in Mongolia was 1.17 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Mongolia?
- The highest recorded value was 1.17 trillion current LCU in 2024.
- What is the lowest interest payments recorded in Mongolia?
- The lowest recorded value was 62.00 million current LCU in 1992.
- How does Mongolia rank for interest payments?
- Mongolia ranks 24th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Mongolia?
- Over the last ten years it is up 133.0%. 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 Interest payments (current LCU). Statizoid updates them automatically from the source API.
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About this data
Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. 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.