Interest payments (% of revenue) in Mongolia
Mongolia: Interest payments (% of revenue) was 4.3% in 2024. ◆ Volatile
Interest payments in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Mongolia recorded 4.3% for interest payments in 2024.
That represents a change of down 4.4% on the previous year and down 50.9% over ten years.
Over the whole period, interest payments in Mongolia peaked at 18.3% in 2016 and was at its lowest, 0.6%, in 1992.
That places Mongolia 96th out of 155 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments (% of revenue) in Mongolia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1992 | 0.6% | — |
| 1993 | 4.2% | +568.5% |
| 1994 | 2.6% | -37.0% |
| 1995 | 1.6% | -38.0% |
| 1996 | 3.2% | +93.4% |
| 1997 | 10.9% | +245.5% |
| 1998 | 6.2% | -43.5% |
| 1999 | 8.5% | +37.6% |
| 2000 | 6.0% | -29.4% |
| 2001 | 4.5% | -24.5% |
| 2002 | 5.0% | +9.7% |
| 2003 | 3.1% | -38.4% |
| 2006 | 1.2% | -61.2% |
| 2007 | 1.0% | -18.3% |
| 2008 | 1.0% | +0.6% |
| 2009 | 1.6% | +59.9% |
| 2010 | 1.4% | -10.3% |
| 2011 | 0.9% | -32.8% |
| 2012 | 2.7% | +190.5% |
| 2013 | 5.0% | +82.7% |
| 2014 | 8.7% | +73.9% |
| 2015 | 13.5% | +55.4% |
| 2016 | 18.3% | +35.6% |
| 2017 | 16.0% | -12.2% |
| 2018 | 10.9% | -31.8% |
| 2019 | 6.9% | -37.0% |
| 2020 | 8.7% | +26.1% |
| 2021 | 6.2% | -29.0% |
| 2022 | 4.2% | -32.6% |
| 2023 | 4.5% | +7.2% |
| 2024 | 4.3% | -4.4% |
Mongolia compared with similar countries
- Mongolia's 4.3% is below the median for upper middle income countries, which is 8.7%, 49% of the median. (48 countries reporting)
- Mongolia's 4.3% is above the median for East Asia & Pacific, which is 3.3%, 1.3× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Interest payments (% of revenue) 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 | +568.5% | 0.6% | 4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.7% | 0.6% | 10.9% | 8 |
| 2000s | 2.9% | 1.0% | 6.0% | 8 |
| 2010s | 8.4% | 0.9% | 18.3% | 10 |
| 2020s | 5.5% | 4.2% | 8.7% | 5 |
Countries ranked near Mongolia
More public sector data for Mongolia
- Democracy, 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)
- Elected parliament, 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)
- Arms imports 3.00 million SIPRI trend indicator values (2022)
- Arms imports (SIPRI trend indicator values), per capita 0.8737 SIPRI trend indicator values per person (2022)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2022)
- Arms imports (SIPRI trend indicator values), annual growth rate -88 % change on previous year (2022)
Frequently asked questions
- What is interest payments in Mongolia?
- Interest payments in Mongolia was 4.3% 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 18.3% in 2016.
- What is the lowest interest payments recorded in Mongolia?
- The lowest recorded value was 0.6% in 1992.
- How does Mongolia rank for interest payments?
- Mongolia ranks 96th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Mongolia?
- Over the last ten years it is down 50.9%. 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.