Mongolia Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Mongolia's government debt to gdp was 46.57% in 2025, ranked 111th globally. This represents a 5.7% increase from 2024. Data from IMF WEO, covering 2006–2025.
Overview
Mongolia's government debt to gdp stood at 46.57% in 2025, a rise of +2.51% from 2024. The IMF projects 46.57% by 2025. Mongolia ranked 111th globally.
Mongolia's government debt to GDP ratio has experienced a significant fluctuation over the past two decades, as per IMF World Economic Outlook data. After a historic low of 30.98 in 2010, the ratio surged to an all-time high of 86.90 in 2017, making it one of the highest globally. However, the ratio has since declined, reaching 46.57 in 2025, ranking Mongolia #111 globally. This recent decline is comparable to Malta, which has a slightly higher ratio of 46.89. Notably, the 2017 peak was largely driven by the country's heavy reliance on mining exports, which experienced a decline in global prices. A stabilization of these commodity prices could potentially alter the trajectory of Mongolia's government debt to GDP ratio, with a continued decline possible if the government implements effective fiscal policies to reduce its reliance on debt.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 59.93% | - | - |
| 2029* IMF | 58.48% | - | - |
| 2028* IMF | 56.06% | - | - |
| 2027* IMF | 53.03% | - | - |
| 2026* IMF | 49.73% | - | - |
| 2025* IMF | 46.57% | - | - |
| 2025 | 46.57% | +2.51% | #111 |
| 2024 | 44.06% | −2.65% | #66 |
| 2023 | 46.71% | −17.86% | #70 |
| 2022 | 64.57% | −2.79% | #115 |
| 2021 | 67.36% | −16.03% | #114 |
| 2020 | 83.39% | +16.56% | #143 |
| 2019 | 66.84% | −9.70% | #140 |
| 2018 | 76.54% | −10.36% | #153 |
| 2017 | 86.90% | +8.22% | #164 |
| 2016 | 78.68% | +28.13% | #154 |
| 2015 | 50.55% | +6.58% | #109 |
| 2014 | 43.96% | −5.46% | #108 |
| 2013 | 49.42% | +5.73% | #124 |
| 2012 | 43.69% | +11.04% | #115 |
| 2011 | 32.65% | +1.68% | #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 government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's government debt to gdp was 46.57% in 2025. Ranked 111th globally. This represents a 5.7% increase from the previous year.
Mongolia's government debt to gdp peaked at 86.90% in 2017.
The lowest government debt to gdp in Mongolia was 30.98% in 2010.
Mongolia ranks 111th globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Mongolia's government debt to gdp is projected to reach 46.57% by 2025 based on IMF projection.
The government debt to gdp of Mongolia in 2025 was 46.57%. This ranks 111th in the world.
Cite this page
@misc{historysaid_mongolia_government-debt-to-gdp,
title = {Mongolia Government Debt to GDP},
url = {https://historysaid.com/mongolia/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}