Net incurrence of liabilities, total in Mongolia
Mongolia: Net incurrence of liabilities, total was 420.26 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Mongolia recorded 420.26 billion current LCU for net incurrence of liabilities, total in 2024.
The figure is up 75.1% on the previous year and down 40.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Mongolia peaked at 4.71 trillion current LCU in 2016 and was at its lowest, -1.21 trillion current LCU, in 2018.
That places Mongolia 39th out of 136 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 40.35 billion current LCU | 3.48 billion current LCU | 107.04 billion current LCU | 8 |
| 2000s | 202.02 billion current LCU | 16.79 billion current LCU | 833.10 billion current LCU | 8 |
| 2010s | 1.33 trillion current LCU | -1.21 trillion current LCU | 4.71 trillion current LCU | 10 |
| 2020s | 931.61 billion current LCU | -185.81 billion current LCU | 3.22 trillion current LCU | 5 |
Countries ranked near Mongolia
More public sector data for Mongolia
- Arms imports 3.00 million SIPRI trend indicator values (2022)
- Tax revenue 16.9% (2024)
- Taxes on income, profits and capital gains 16.3% (2024)
- Taxes on goods and services 25.9% (2024)
- Net investment in nonfinancial assets 6.3% (2024)
- Net lending (+) / net borrowing (-) 1.8% (2024)
- Interest payments 4.3% (2024)
- Grants and other revenue 31.0% (2024)
- Interest payments 6.0% (2021)
- Other taxes 1.0% (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Mongolia?
- Net incurrence of liabilities, total in Mongolia was 420.26 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Mongolia?
- The highest recorded value was 4.71 trillion current LCU in 2016.
- What is the lowest net incurrence of liabilities, total recorded in Mongolia?
- The lowest recorded value was -1.21 trillion current LCU in 2018.
- How does Mongolia rank for net incurrence of liabilities, total?
- Mongolia ranks 39th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Mongolia?
- Over the last ten years it is down 40.6%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.