Mongolia Real Interest Rate
Real interest rate FR.INR.RINR
Mongolia's real interest rate was 1.39% in 2021, ranked 52nd globally. This represents a 89.1% decrease from 2020. Data from World Bank, covering 1998–2021.
Overview
Mongolia's real interest rate stood at 1.39% in 2021, a decline of +11.36pp from 2020. Mongolia ranked 52nd globally.
Mongolia's real interest rate, measured by the World Bank, has experienced significant fluctuations over the past 24 years. At its peak in 1998, Mongolia's real interest rate reached 50.98%, a level surpassed by few countries worldwide. Conversely, the country's real interest rate plummeted to its all-time trough of -13.73% in 2010, a stark contrast to the current rate of 1.39%, ranking 52nd globally in 2021. Notably, Switzerland, with a real interest rate of 1.30%, has maintained a more stable position, ranking first globally. The trajectory of Mongolia's real interest rate has been characterized by periods of high interest rates followed by sharp declines. A sustained economic growth, driven by sectors such as mining and agriculture, could potentially lead to an increase in the real interest rate, as investors seek higher returns on their investments, thereby altering the trajectory of this indicator.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2021 | 1.39% | −11.36pp | #52 |
| 2020 | 12.75% | +6.36pp | #92 |
| 2019 | 6.39% | −2.65pp | #57 |
| 2018 | 9.03% | +0.73pp | #97 |
| 2017 | 8.31% | −7.95pp | #99 |
| 2016 | 16.26% | −2.58pp | #124 |
| 2015 | 18.84% | +8.06pp | #119 |
| 2014 | 10.77% | −4.36pp | #109 |
| 2013 | 15.13% | +10.41pp | #131 |
| 2012 | 4.73% | +3.43pp | #61 |
| 2011 | 1.29% | +15.02pp | #45 |
| 2010 | -13.73% | −33.21pp | #3 |
| 2009 | 19.48% | +20.20pp | #114 |
| 2008 | -0.71% | −9.85pp | #43 |
| 2007 | 9.14% | +5.08pp | #106 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's real interest rate was 1.39% in 2021. Ranked 52nd globally. This represents a 89.1% decrease from the previous year.
Mongolia's real interest rate peaked at 50.98% in 1998.
The lowest real interest rate in Mongolia was -13.73% in 2010.
Mongolia ranks 52nd globally in real interest rate as of 2021.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
The real interest rate of Mongolia in 2021 was 1.39%. This ranks 52nd in the world.
Cite this page
@misc{historysaid_mongolia_real-interest-rate,
title = {Mongolia Real Interest Rate},
url = {https://historysaid.com/mongolia/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}