Mongolia Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Mongolia's interest rate spread was 9.41% in 2021, ranked 86th globally. This represents a 41.0% increase from 2020. Data from World Bank, covering 1998–2021.
Overview
Mongolia's interest rate spread stood at 9.41% in 2021, a rise of +2.73pp from 2020. Mongolia ranked 86th globally.
Mongolia’s interest‑rate spread widened to 9.41 % in 2021, placing the country 86th in the World Bank’s global ranking and situating it between peers such as Paraguay (9.09 %) and Honduras (10.16 %). The spread has contracted markedly from its all‑time peak of 23.05 % in 2001, a period marked by high inflation and volatile capital flows, to a trough of 5.28 % in 2018 when monetary policy tightened and external financing costs fell. Over the 24‑year coverage period, the spread has shown a long‑term downward trajectory, reflecting gradual improvements in financial market depth and a more stable macro‑economic environment. Nevertheless, the recent rise to 9.41 % suggests renewed pressure from tighter global financing conditions and domestic credit demand. If inflation remains contained and the banking sector continues to deepen, the spread is likely to stabilize or modestly decline, supporting lower borrowing costs for firms and households.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2021 | 9.41% | +2.73pp | #86 |
| 2020 | 6.67% | +0.63pp | #68 |
| 2019 | 6.04% | +0.76pp | #57 |
| 2018 | 5.28% | −1.77pp | #54 |
| 2017 | 7.05% | +0.58pp | #78 |
| 2016 | 6.47% | −0.11pp | #69 |
| 2015 | 6.58% | −0.13pp | #72 |
| 2014 | 6.71% | +0.27pp | #78 |
| 2013 | 6.44% | −0.40pp | #74 |
| 2012 | 6.84% | +0.70pp | #78 |
| 2011 | 6.14% | −2.07pp | #63 |
| 2010 | 8.21% | −0.18pp | #85 |
| 2009 | 8.38% | −0.81pp | #92 |
| 2008 | 9.19% | +0.82pp | #97 |
| 2007 | 8.37% | −5.56pp | #92 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's interest rate spread was 9.41% in 2021. Ranked 86th globally. This represents a 41.0% increase from the previous year.
Mongolia's interest rate spread peaked at 23.05% in 2001.
The lowest interest rate spread in Mongolia was 5.28% in 2018.
Mongolia ranks 86th globally in interest rate spread as of 2021.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
The interest rate spread of Mongolia in 2021 was 9.41%. This ranks 86th in the world.
Cite this page
@misc{historysaid_mongolia_interest-rate-spread,
title = {Mongolia Interest Rate Spread},
url = {https://historysaid.com/mongolia/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}