Mongolia Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Mongolia's credit to gdp was 34.20% in 2025, ranked 89th globally. This represents a 11.4% decrease from 2024. Data from World Bank, covering 1991–2025.
Overview
Mongolia's credit to gdp stood at 34.20% in 2025, a decline of +4.41% from 2023. Based on recent trends, this figure is projected to reach 34.20% by 2025. Mongolia ranked 89th globally.
Mongolia’s credit to GDP ratio has risen from a low of 5.16 in 1997 to an all‑time peak of 59.87 in 2013, reflecting a rapid expansion of domestic borrowing during the mining boom, before retreating to 34.20 in 2025, a level that places the country 89th globally. The 2025 figure matches that of Uzbekistan and is close to Lithuania’s 34.57, suggesting Mongolia now sits among middle‑income economies with moderate credit exposure. Over the 34‑year coverage period the ratio has more than doubled since the early 1990s, indicating a structural shift toward greater reliance on external financing and bank lending. The post‑peak decline signals tighter credit conditions or a rebalancing of the financial sector after the commodity‑driven surge. Continued diversification of the economy and prudent fiscal policy could sustain the current moderate level, whereas renewed resource‑price volatility might push the ratio upward again.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 31.66% | - | - |
| 2025* trend | 34.20% | - | - |
| 2025 | 34.20% | −4.41% | #89 |
| 2023 | 38.61% | −2.36% | #72 |
| 2022 | 40.98% | −6.51% | #77 |
| 2021 | 47.49% | +1.70% | #85 |
| 2020 | 45.79% | −3.12% | #80 |
| 2019 | 48.90% | −6.51% | #99 |
| 2018 | 55.41% | +2.59% | #110 |
| 2017 | 52.82% | −4.13% | #110 |
| 2016 | 56.94% | +2.48% | #114 |
| 2015 | 54.46% | −4.83% | #109 |
| 2014 | 59.29% | −0.58% | #119 |
| 2013 | 59.87% | +16.15% | #118 |
| 2012 | 43.72% | +0.23% | #93 |
| 2011 | 43.49% | +9.30% | #96 |
| 2010 | 34.19% | −6.11% | #78 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's credit to gdp was 34.20% in 2025. Ranked 89th globally. This represents a 11.4% decrease from the previous year.
Mongolia's credit to gdp peaked at 59.87% in 2013.
The lowest credit to gdp in Mongolia was 5.16% in 1997.
Mongolia ranks 89th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Mongolia's credit to gdp is projected to reach 34.20% by 2025 based on trend extrapolation.
The credit to gdp of Mongolia in 2025 was 34.20%. This ranks 89th in the world.
Cite this page
@misc{historysaid_mongolia_credit-to-gdp,
title = {Mongolia Credit to GDP},
url = {https://historysaid.com/mongolia/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}