Mongolia Government Debt: % of GDP

2017 - 2025 | Quarterly | % | CEIC Data

Key information about Mongolia Government Debt: % of GDP

  • Mongolia Government debt accounted for 38.6 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 38.8 % in the previous quarter.
  • Mongolia government debt to GDP ratio data is updated quarterly, available from Dec 2017 to Jun 2025.
  • The data reached an all-time high of 72.5 % in Dec 2017 and a record low of 37.6 % in Dec 2024.

CEIC calculated quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and quarterly Nominal GDP. The World Bank provides Government Debt in local currency. The National Statistics Office of Mongolia provides Nominal GDP in local currency. Government Debt covers Central Government only.
  • The country's Nominal GDP reached 5.5 USD bn in Sep 2025.
  • View Mongolia's Government Debt: % of GDP from Dec 2017 to Jun 2025 in the chart:

    Mongolia Government Debt: % of GDP

    What was Mongolia's Government Debt: % of GDP in Jun 2025?

    Mongolia Government debt accounted for 38.6 % of the country's Nominal GDP in Jun 2025, compared with the ratio of 38.8 % in the previous quarter. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    38.6 Jun 2025 38.8 Mar 2025 37.6 Dec 2024 72.5 Dec 2017 % quarterly Dec 2017 - Jun 2025

    Government Debt: % of GDP by Country Comparison

    country/region Last Frequency Range
    Albania (%) 53.6 Jun 2025 quarterly Sep 2010 - Jun 2025
    Algeria (%) 47.8 2024 yearly 1997 - 2024
    Argentina (%) 73.3 Jun 2025 quarterly Dec 2004 - Jun 2025
    Armenia (%) 50.0 Sep 2025 quarterly Dec 2013 - Sep 2025
    Australia (%) 38.3 2024 yearly 1999 - 2024
    Austria (%) 82.3 Jun 2025 quarterly Mar 2000 - Jun 2025
    Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
    Bahrain (%) 96.6 Jun 2025 quarterly Dec 2007 - Jun 2025
    Bangladesh (%) 23.8 2025 yearly 2010 - 2025
    Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
    Belgium (%) 106.2 Jun 2025 quarterly Dec 1980 - Jun 2025
    Bolivia (%) 27.2 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (%) 18.7 2024 yearly 2007 - 2024
    Botswana (%) 27.6 Jun 2025 quarterly Jun 2014 - Jun 2025
    Brazil (%) 78.1 Sep 2025 quarterly Dec 2006 - Sep 2025
    Bulgaria (%) 26.3 Jun 2025 quarterly Mar 2007 - Jun 2025
    Cambodia (%) 26.0 2024 yearly 2013 - 2024
    Canada (%) 69.3 2025 yearly 1962 - 2025
    Chile (%) 43.3 Jun 2025 quarterly Mar 2002 - Jun 2025
    China (%) 27.6 Jun 2025 quarterly Mar 2014 - Jun 2025
    Colombia (%) 64.0 Jun 2025 quarterly Dec 2005 - Jun 2025
    Croatia (%) 57.5 Jun 2025 quarterly Dec 1995 - Jun 2025
    Cyprus (%) 60.5 Sep 2025 quarterly Dec 2010 - Sep 2025
    Czech Republic (%) 43.8 Jun 2025 quarterly Mar 2000 - Jun 2025
    Denmark (%) 29.6 Jun 2025 quarterly Mar 2000 - Jun 2025
    Ecuador (%) 65.5 Jun 2025 quarterly Dec 2005 - Jun 2025
    Egypt (%) 63.3 Jun 2025 quarterly Jun 2006 - Jun 2025
    Estonia (%) 23.2 Jun 2025 quarterly Mar 2000 - Jun 2025
    European Union (%) 81.9 Jun 2025 quarterly Mar 2000 - Jun 2025
    Finland (%) 88.5 Jun 2025 quarterly Mar 2000 - Jun 2025
    France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
    Georgia (%) 35.3 Jun 2025 quarterly Mar 2006 - Jun 2025
    Germany (%) 62.3 Jun 2025 quarterly Mar 2000 - Jun 2025
    Ghana (%) 61.8 2024 yearly 2006 - 2024
    Greece (%) 151.2 Jun 2025 quarterly Dec 1999 - Jun 2025
    Hong Kong SAR, China (%) 49.1 2024 yearly 2003 - 2024
    Hungary (%) 75.1 Sep 2025 quarterly Dec 1990 - Sep 2025
    Iceland (%) 63.4 2023 yearly 1998 - 2023
    India (%) 56.5 Jun 2025 quarterly Mar 2012 - Jun 2025
    Indonesia (%) 39.2 Dec 2024 quarterly Jun 2015 - Dec 2024
    Iran (%) 5.4 Mar 2025 quarterly Mar 1998 - Mar 2025
    Ireland (%) 33.4 Jun 2025 quarterly Mar 2000 - Jun 2025
    Israel (%) 66.5 2024 yearly 1995 - 2024
    Italy (%) 138.0 Sep 2025 quarterly Dec 1995 - Sep 2025
    Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
    Japan (%) 212.1 Sep 2025 quarterly Dec 1994 - Sep 2025
    Jordan (%) 91.3 Jun 2025 quarterly Mar 2002 - Jun 2025
    Kazakhstan (%) 23.0 Dec 2024 quarterly Mar 2005 - Dec 2024
    Kenya (%) 69.0 Jun 2025 quarterly Dec 2009 - Jun 2025
    South Korea (%) 47.0 Jun 2025 quarterly Sep 2002 - Jun 2025
    Kosovo (%) 19.9 2022 yearly 2009 - 2022
    Kuwait (%) 1.1 Jun 2025 quarterly Dec 2010 - Jun 2025
    Kyrgyzstan (%) 44.6 Jun 2025 quarterly Mar 2011 - Jun 2025
    Latvia (%) 48.0 Jun 2025 quarterly Mar 2000 - Jun 2025
    Lebanon (%) 23.6 2022 yearly 1998 - 2022
    Lithuania (%) 39.1 Jun 2025 quarterly Mar 2000 - Jun 2025
    Luxembourg (%) 25.1 Jun 2025 quarterly Dec 1997 - Jun 2025
    North Macedonia (%) 53.4 Jun 2025 quarterly Dec 2009 - Jun 2025
    Malawi (%) 66.0 2014 yearly 2010 - 2014
    Malaysia (%) 66.1 Sep 2025 quarterly Dec 2010 - Sep 2025
    Malta (%) 46.8 Jun 2025 quarterly Mar 2000 - Jun 2025
    Mauritius (%) 80.6 Sep 2025 quarterly Jun 2003 - Sep 2025
    Mexico (%) 60.2 Sep 2025 quarterly Dec 2005 - Sep 2025
    Moldova (%) 38.0 Jun 2025 quarterly Mar 2007 - Jun 2025
    Mongolia (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
    Montenegro (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
    Morocco (%) 71.4 2022 yearly 1994 - 2022
    Nepal (%) 39.9 2021 yearly 1990 - 2021
    Netherlands (%) 42.7 Jun 2025 quarterly Dec 1999 - Jun 2025
    New Zealand (%) 46.7 Jun 2025 quarterly Dec 2006 - Jun 2025
    Nigeria (%) 37.5 Jun 2025 quarterly Dec 2010 - Jun 2025
    Norway (%) 53.3 2024 yearly 1995 - 2024
    Oman (%) 35.4 2024 yearly 1990 - 2024
    Pakistan (%) 68.4 2025 yearly 2000 - 2025
    Palestinian Territory (%) 151.6 Jun 2025 quarterly Dec 2010 - Jun 2025
    Panama (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
    Paraguay (%) 38.3 Jun 2025 quarterly Dec 2014 - Jun 2025
    Peru (%) 31.0 Sep 2025 quarterly Mar 1999 - Sep 2025
    Philippines (%) 63.1 Sep 2025 quarterly Mar 1993 - Sep 2025
    Poland (%) 58.1 Jun 2025 quarterly Mar 2000 - Jun 2025
    Portugal (%) 97.4 Sep 2025 quarterly Dec 1995 - Sep 2025
    Qatar (%) 15.0 2012 yearly 2006 - 2012
    Romania (%) 57.3 Jun 2025 quarterly Dec 2011 - Jun 2025
    Russia (%) 14.7 Jun 2025 quarterly Dec 2011 - Jun 2025
    Saudi Arabia (%) 29.7 Jun 2025 quarterly Dec 2016 - Jun 2025
    Serbia (%) 43.7 Sep 2025 quarterly Sep 2004 - Sep 2025
    Singapore (%) 173.4 Sep 2025 quarterly Mar 1990 - Sep 2025
    Slovakia (%) 63.2 Mar 2025 quarterly Mar 2000 - Mar 2025
    Slovenia (%) 69.3 Jun 2025 quarterly Dec 1999 - Jun 2025
    South Africa (%) 78.9 Sep 2025 quarterly Dec 1960 - Sep 2025
    Spain (%) 103.4 Jun 2025 quarterly Mar 1995 - Jun 2025
    Sri Lanka (%) 95.7 Jun 2025 quarterly Mar 2014 - Jun 2025
    Sweden (%) 33.3 Jun 2025 quarterly Mar 1996 - Jun 2025
    Switzerland (%) 23.0 2028 yearly 1990 - 2028
    Taiwan (%) 29.0 2023 yearly 1996 - 2023
    Tajikistan (%) 36.3 2021 yearly 1999 - 2021
    Thailand (%) 58.3 Sep 2025 quarterly Dec 1997 - Sep 2025
    Tunisia (%) 81.2 2024 yearly 2016 - 2024
    Turkey (%) 24.1 Jun 2025 quarterly Dec 2001 - Jun 2025
    Ukraine (%) 89.9 Jun 2025 quarterly Dec 2010 - Jun 2025

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    Mongolia Key Series

    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -4.2 Sep 2025 quarterly Dec 2000 - Sep 2025
    Consolidated Fiscal Balance (USD mn) -72.316 Oct 2025 monthly Jan 2000 - Oct 2025
    Tax Revenue (USD mn) 524.268 Oct 2025 monthly Jan 2000 - Oct 2025
    Tax Revenue: % of GDP (%) 27.4 Sep 2025 quarterly Mar 2000 - Sep 2025
    Government Debt: % of GDP (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
    Forecast: Government Expenditure (MNT bn) 58,083.013 2030 yearly 1981 - 2030
    Forecast: Government Net Debt (MNT bn) 98,835.528 2030 yearly 2006 - 2030
    Forecast: Government Revenue (MNT bn) 53,758.183 2030 yearly 1981 - 2030
    General Government Expenditure & NL: ytd: Net Lending (MNT mn) 6,007.785 Jan 2025 monthly Dec 1999 - Jan 2025
    General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 113,203.269 Jan 2025 monthly Dec 1999 - Jan 2025
    General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 7,924,167.600 Dec 2024 monthly Dec 1999 - Dec 2024
    General Government Expenditure & NL: ytd: Expenditure (MNT mn) 2,154,886.548 Jan 2025 monthly Dec 1999 - Jan 2025
    General Government Balance: ytd (MNT mn) -492,703.800 Jan 2025 monthly Dec 1999 - Jan 2025
    General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 22,066,910.300 Dec 2024 monthly Dec 1999 - Dec 2024
    General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 296,288.913 Jan 2025 monthly Dec 1999 - Jan 2025
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
    Trade Balance (USD mn) 677.6 Oct 2025 monthly Jan 1997 - Oct 2025
    Total Exports (USD mn) 1,522.4 Oct 2025 monthly Jan 1997 - Oct 2025
    Total Exports Growth (%) 7.9 Oct 2025 monthly Jan 1998 - Oct 2025
    Aluminum: Exports (USD th) 17,602.481 2024 yearly 1995 - 2024
    Exports: Medicament (USD th) 117.835 2024 yearly 1995 - 2024
    Exports: Medicinal and Pharmaceutical Product (USD th) 3,906.650 2024 yearly 1995 - 2024
    Total Imports (USD mn) 844.8 Oct 2025 monthly Jan 1997 - Oct 2025
    Total Imports Growth (%) -14.0 Oct 2025 monthly Jan 1998 - Oct 2025
    Imports: Medicament (USD th) 194,649.356 2024 yearly 1995 - 2024
    Imports: Medicinal and Pharmaceutical Product (USD th) 151,307.381 2024 yearly 1995 - 2024
    Total Exports to USA (USD mn) 6.893 Oct 2025 monthly Dec 1999 - Oct 2025
    Total Imports from USA (USD mn) 20.683 Oct 2025 monthly Dec 1999 - Oct 2025
    Total Exports to China (USD mn) 1,250.033 Oct 2025 monthly Dec 1999 - Oct 2025
    Total Imports from China (USD mn) 380.269 Oct 2025 monthly Dec 1999 - Oct 2025
    Exports: Mineral Products (USD th) 838,352.397 Feb 2025 monthly Dec 1999 - Feb 2025
    Exports: Live Animals and Products of Animal Origin (USD th) 5,098.791 Feb 2025 monthly Dec 1999 - Feb 2025
    Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
    Exports: Textiles and Textile Articles (USD th) 13,101.987 Feb 2025 monthly Dec 1999 - Feb 2025
    Exports: Asia: North Eastern: ow China (USD th) 863,547.687 Feb 2025 monthly Dec 1999 - Feb 2025
    Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
    Exports: Europe: European Union: ow United Kingdom (USD th) 319.274 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Mineral Products (USD th) 209,490.684 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Food Products (USD th) 57,743.099 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 142,993.417 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Base Metals and Articles Thereof (USD th) 47,145.766 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 146,491.254 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Asia: North Eastern: ow Republic of Korea (USD th) 29,096.402 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Asia: North Eastern: ow Japan (USD th) 100,806.768 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: America: ow USA (USD th) 30,303.696 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Europe: Others: ow Russian Federation (USD th) 236,393.169 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Asia: North Eastern: ow China (USD th) 207,203.752 Feb 2025 monthly Dec 1999 - Feb 2025
    Export Value Index (2015=100) 198.040 2021 yearly 1980 - 2021
    Import Value Index (2015=100) 180.345 2021 yearly 1980 - 2021
    Export Volume Index (2015=100) 109.807 2021 yearly 2000 - 2021
    Import Volume Index (2015=100) 147.693 2021 yearly 2000 - 2021
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 0.8 Oct 2025 monthly Jan 2009 - Oct 2025
    Current Account Balance (USD mn) 149.9 Oct 2025 monthly Jan 2009 - Oct 2025
    Current Account Balance: % of GDP (%) 2.3 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Direct Investment (USD mn) 188.0 Oct 2025 monthly Jan 2009 - Oct 2025
    Foreign Direct Investment: % of GDP (%) 10.0 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Portfolio Investment (USD mn) 611.706 Sep 2025 quarterly Mar 1998 - Sep 2025
    Foreign Portfolio Investment: % of GDP (%) 11.1 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Portfolio Investment: Equity Securities (USD mn) 41.1 Sep 2025 quarterly Mar 1998 - Sep 2025
    Foreign Portfolio Investment: Debt Securities (USD mn) 570.638 Sep 2025 quarterly Mar 1998 - Sep 2025
    External Debt (USD mn) 39,612.5 Jun 2025 quarterly Mar 2000 - Jun 2025
    External Debt: % of GDP (%) 157.9 2024 yearly 1992 - 2024
    External Debt: Short Term (USD mn) 2,815.4 Jun 2025 quarterly Mar 2000 - Jun 2025
    External Debt: Short Term: % of GDP (%) 8.6 2024 yearly 1992 - 2024
    Forecast: Current Account Balance (USD bn) -4.117 2030 yearly 1991 - 2030
    Net International Investment Position (USD mn) -45,651.362 Sep 2025 quarterly Dec 2010 - Sep 2025
    BoP: Capital Account (USD mn) 9.043 Oct 2025 monthly Jan 2009 - Oct 2025
    BoP: FA: OI: Asset (USD mn) 184.965 Oct 2025 monthly Jan 2009 - Oct 2025
    BoP: FA: Portfolio Investment: Asset (USD mn) 5.970 Oct 2025 monthly Jan 2009 - Oct 2025
    BoP: FA: Direct Investment: Liabilities (USD mn) 188.011 Oct 2025 monthly Jan 2009 - Oct 2025
    Balance of Payments (BoP): Current Account (CA) (USD mn) -521.897 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: CA: Goods & Services: Services (USD mn) -320.947 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: CA: Secondary Income (USD mn) -1.757 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: CA: Primary Income (USD mn) -197.620 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Direct Investment (USD mn) -78.933 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Other Investment (OI) (USD mn) 107.590 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Portfolio Investment (USD mn) -26.075 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Portfolio Investment: Liabilities (USD mn) 24.330 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Financial Derivatives: Asset (USD mn) -0.065 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: Reserves: Assets (USD mn) -680.711 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: Net Errors & Omissions (USD mn) -159.513 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: CA: Goods & Services: Goods (USD mn) -1.574 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Direct Investment: Asset (USD mn) 15.874 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: OI: Liabilities (USD mn) -165.570 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Financial Derivatives: Liabilities (USD mn) -2.481 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Financial Derivatives (USD mn) 2.416 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: Financial Account (FA) (USD mn) 4.999 Jan 2025 monthly Jan 2009 - Jan 2025
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 5.3 Oct 2025 monthly Dec 1996 - Oct 2025
    Household Debt: % of GDP (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
    Non-Performing Loans (USD mn) 642.373 Oct 2025 monthly Dec 1996 - Oct 2025
    Money Supply M1 (USD mn) 3,066.500 Oct 2025 monthly Dec 1996 - Oct 2025
    Money Supply M2 (USD mn) 12,563.189 Oct 2025 monthly Dec 1996 - Oct 2025
    M2 Growth (%) 7.0 Oct 2025 monthly Dec 1997 - Oct 2025
    Reserve Requirement Ratio (%) 13.0 Nov 2025 monthly Jan 2005 - Nov 2025
    Foreign Exchange Reserves (USD mn) 4,843.4 Nov 2025 monthly Dec 1992 - Nov 2025
    Foreign Exchange Reserves: % of GDP (%) 19.853 Sep 2025 quarterly Dec 2010 - Sep 2025
    Foreign Exchange Reserves: Months of Import (NA) 5.8 Oct 2025 monthly Jan 1997 - Oct 2025
    Gold Reserves (USD mn) 947.114 Nov 2025 monthly Dec 1980 - Nov 2025
    Total Deposits (USD mn) 8,200.173 Oct 2025 monthly Jan 2000 - Oct 2025
    Total Deposits Growth (%) 16.7 Oct 2025 monthly Jan 2001 - Oct 2025
    Domestic Credit (USD mn) 11,918.7 Oct 2025 monthly Dec 1991 - Oct 2025
    Domestic Credit Growth (%) 22.7 Oct 2025 monthly Dec 1992 - Oct 2025
    Household Debt (USD mn) 7,203.3 Oct 2025 monthly Jan 2004 - Oct 2025
    Total Loans (USD mn) 12,204.073 Oct 2025 monthly Dec 1996 - Oct 2025
    Total Loans Growth (%) 23.48 Oct 2025 monthly Dec 1997 - Oct 2025
    Private Debt: % of Nominal GDP (%) 49.12 Sep 2025 quarterly Dec 2010 - Sep 2025
    International Reserves: Gross (USD mn) 5,886.140 Nov 2025 monthly Jan 2006 - Nov 2025
    Money Supply: M2: M1 (MNT mn) 10,832,174.537 Jan 2025 monthly Dec 1990 - Jan 2025
    Deposits (MNT tn) 26.500 Jan 2025 monthly Jan 2000 - Jan 2025
    Deposits: Corporate (MNT tn) 4.200 Jan 2025 monthly May 2018 - Jan 2025
    Deposits: Individual (MNT tn) 22.300 Jan 2025 monthly May 2018 - Jan 2025
    Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 1,932,525.472 Jan 2025 monthly Dec 1996 - Jan 2025

    More Indicators for Mongolia

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