Mongolia M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Mongolia's m2 money supply growth was 25.79% in 2025, ranked 14th globally. This represents a 3.9% decrease from 2024. Data from World Bank, covering 1992–2025.
Overview
Mongolia's m2 money supply growth stood at 25.79% in 2025, a decline of +1.05pp from 2023. Based on recent trends, this figure is projected to reach 25.79% by 2025. Mongolia ranked 14th globally.
Mongolia’s M2 money‑supply growth has remained volatile over the 33‑year series, accelerating from a 1992 level of 31.65 % to an all‑time peak of 227.62 % in 1993, a surge that reflected the rapid liberalisation of the financial sector after the collapse of the Soviet bloc. The expansion turned sharply negative during the global financial crisis, reaching an all‑time trough of –5.57 % in 2008 as credit contracted and inflation pressures intensified. Since then, the growth rate has fluctuated but remained markedly high, with the latest 2025 figure of 25.79 % ranking Mongolia 14th worldwide. This places the country close to peers such as Uzbekistan (26.58 %) and Equatorial Guinea (27.16 %), underscoring a regional pattern of expansive monetary conditions. Continued fiscal discipline, a stable exchange rate and the development of domestic capital markets will be crucial to tempering the pace of M2 growth and preventing future sharp reversals.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 28.65% | - | - |
| 2025* trend | 25.79% | - | - |
| 2025 | 25.79% | −1.05pp | #14 |
| 2023 | 26.83% | +20.37pp | #112 |
| 2022 | 6.46% | −7.35pp | #52 |
| 2021 | 13.82% | −3.69pp | #93 |
| 2020 | 17.51% | +10.53pp | #103 |
| 2019 | 6.98% | −15.80pp | #63 |
| 2018 | 22.78% | −7.67pp | #144 |
| 2017 | 30.45% | +9.46pp | #148 |
| 2016 | 20.99% | +26.50pp | #138 |
| 2015 | -5.50% | −18.01pp | #6 |
| 2014 | 12.50% | −11.68pp | #105 |
| 2013 | 24.18% | +5.45pp | #149 |
| 2012 | 18.73% | −18.30pp | #126 |
| 2011 | 37.03% | −25.46pp | #151 |
| 2010 | 62.49% | +35.49pp | #157 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's m2 money supply growth was 25.79% in 2025. Ranked 14th globally. This represents a 3.9% decrease from the previous year.
Mongolia's m2 money supply growth peaked at 227.62% in 1993.
The lowest m2 money supply growth in Mongolia was -5.57% in 2008.
Mongolia ranks 14th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Mongolia's m2 money supply growth is projected to reach 25.79% by 2025 based on trend extrapolation.
The m2 money supply growth of Mongolia in 2025 was 25.79%. This ranks 14th in the world.
Cite this page
@misc{historysaid_mongolia_m2-growth,
title = {Mongolia M2 Money Supply Growth},
url = {https://historysaid.com/mongolia/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}