Net incurrence of liabilities, total in Mongolia
Mongolia: Net incurrence of liabilities, total was 0.5% 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 % of GDP.
Analysis
In 2024, net incurrence of liabilities, total in Mongolia stood at 0.5%.
Compared with earlier readings it is up 52.9% on the previous year and down 83.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Mongolia peaked at 19.7% in 2016 and was at its lowest, -3.7%, in 2018.
That places Mongolia 113th out of 136 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 6.2% | — |
| 1993 | 11.6% | +87.7% |
| 1994 | 2.3% | -80.2% |
| 1995 | 2.5% | +7.2% |
| 1996 | 6.5% | +162.8% |
| 1997 | 5.2% | -19.4% |
| 1998 | 6.8% | +29.1% |
| 1999 | 9.9% | +46.3% |
| 2000 | 5.7% | -42.9% |
| 2001 | 4.0% | -30.1% |
| 2002 | 4.3% | +8.6% |
| 2003 | 3.6% | -17.0% |
| 2006 | 5.0% | +41.3% |
| 2007 | 6.2% | +23.3% |
| 2008 | 0.3% | -95.9% |
| 2009 | 12.6% | +4835.6% |
| 2010 | 0.2% | -98.1% |
| 2011 | 7.4% | +2996.3% |
| 2012 | 17.0% | +129.6% |
| 2013 | 6.2% | -63.6% |
| 2014 | 3.2% | -48.5% |
| 2015 | 5.2% | +64.0% |
| 2016 | 19.7% | +276.5% |
| 2017 | 6.3% | -67.8% |
| 2018 | -3.7% | -158.8% |
| 2019 | 2.9% | -176.8% |
| 2020 | 8.6% | +200.6% |
| 2021 | -0.4% | -105.0% |
| 2022 | 1.8% | -518.2% |
| 2023 | 0.3% | -80.9% |
| 2024 | 0.5% | +52.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.4% | 2.3% | 11.6% | 8 |
| 2000s | 5.2% | 0.3% | 12.6% | 8 |
| 2010s | 6.4% | -3.7% | 19.7% | 10 |
| 2020s | 2.2% | -0.4% | 8.6% | 5 |
Countries ranked near Mongolia
- 110 Lesotho 0.7% compare
- 111 United Arab Emirates 0.6% compare
- 112 Lao People's Democratic Republic 0.6% compare
- 114 Switzerland 0.5% compare
- 115 Tajikistan 0.4% compare
- 116 Afghanistan 0.4% compare
More public sector data for Mongolia
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 3.00 million SIPRI trend indicator values (2022)
- Military expenditure (current USD), per capita 51.31 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0076 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 62.24 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 180.84 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1.93 SIPRI trend indicator values per square kilometre (2022)
Frequently asked questions
- What is net incurrence of liabilities, total in Mongolia?
- Net incurrence of liabilities, total in Mongolia was 0.5% 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 19.7% in 2016.
- What is the lowest net incurrence of liabilities, total recorded in Mongolia?
- The lowest recorded value was -3.7% in 2018.
- How does Mongolia rank for net incurrence of liabilities, total?
- Mongolia ranks 113th 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 83.6%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.