Flag of mn

Mongolia Private Credit (% GDP)

Mongolia's private credit (% GDP) fell to 38.61% in 2023, down from 40.98% in 2022, according to World Bank. This represents a decrease of 2.37% from the previous year. Mongolia has private credit (% GDP) lower than the global median (38.61% vs median 39.47%). Compared with the median in Asia, Mongolia is lower (38.61% vs regional median 59.91%) and ranks 27th out of 41 countries in Asia.

Yearly Historical Data (1991-2023)

(in %)
Year Private Credit (% GDP)
2023 38.61%
2022 40.98%
2021 47.49%
2020 45.79%
2019 48.9%
2018 55.41%
2017 52.82%
2016 56.94%
2015 54.46%
2014 59.29%
2013 59.87%
2012 43.72%
2011 43.49%
2010 34.19%
2009 40.3%
2008 39.9%
2007 41.58%
2006 30.12%
2005 27.55%
2004 25.55%
2003 22.31%
2002 14.41%
2001 9.14%
2000 6.93%
1999 7.44%
1998 9.12%
1997 5.16%
1996 8.85%
1995 7.96%
1994 10.67%
1993 6.45%
1992 13.08%
1991 14.84%
Mongolia Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Mongolia.
Indicator Last Value Prior Value Period
Interest Rate 12% 12% Sep'25