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 (%) 52.4 Sep 2025 quarterly Sep 2010 - Sep 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 (%) 83.7 Sep 2025 quarterly Mar 2000 - Sep 2025
    Azerbaijan (%) 16.8 2021 yearly 2008 - 2021
    Bahrain (%) 102.0 Sep 2025 quarterly Dec 2007 - Sep 2025
    Bangladesh (%) 23.9 2025 yearly 2010 - 2025
    Belarus (%) 35.9 Mar 2022 quarterly Dec 2003 - Mar 2022
    Belgium (%) 106.9 Sep 2025 quarterly Dec 1980 - Sep 2025
    Bolivia (%) 27.2 2014 yearly 1998 - 2014
    Bosnia and Herzegovina (%) 18.7 2024 yearly 2007 - 2024
    Botswana (%) 29.1 Sep 2025 quarterly Jun 2014 - Sep 2025
    Brazil (%) 78.7 Dec 2025 quarterly Dec 2006 - Dec 2025
    Bulgaria (%) 28.4 Sep 2025 quarterly Mar 2007 - Sep 2025
    Cambodia (%) 26.0 2024 yearly 2013 - 2024
    Canada (%) 69.3 2025 yearly 1962 - 2025
    Chile (%) 43.2 Sep 2025 quarterly Mar 2002 - Sep 2025
    China (%) 28.8 Sep 2025 quarterly Mar 2014 - Sep 2025
    Colombia (%) 64.0 Jun 2025 quarterly Dec 2005 - Jun 2025
    Croatia (%) 57.2 Sep 2025 quarterly Dec 1995 - Sep 2025
    Cyprus (%) 60.5 Sep 2025 quarterly Dec 2010 - Sep 2025
    Czech Republic (%) 43.8 Jun 2025 quarterly Mar 2000 - Jun 2025
    Denmark (%) 29.7 Sep 2025 quarterly Mar 2000 - Sep 2025
    Ecuador (%) 65.6 Sep 2025 quarterly Dec 2005 - Sep 2025
    Egypt (%) 57.9 Sep 2025 quarterly Jun 2006 - Sep 2025
    Estonia (%) 22.9 Sep 2025 quarterly Mar 2000 - Sep 2025
    European Union (%) 82.1 Sep 2025 quarterly Mar 2000 - Sep 2025
    Finland (%) 88.5 Jun 2025 quarterly Mar 2000 - Jun 2025
    France (%) 110.6 Dec 2023 quarterly Dec 1995 - Dec 2023
    Georgia (%) 34.8 Sep 2025 quarterly Mar 2006 - Sep 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 (%) 46.3 2025 yearly 2003 - 2025
    Hungary (%) 75.1 Sep 2025 quarterly Dec 1990 - Sep 2025
    Iceland (%) 60.3 2024 yearly 1998 - 2024
    India (%) 56.5 Sep 2025 quarterly Mar 2012 - Sep 2025
    Indonesia (%) 39.2 Dec 2024 quarterly Jun 2015 - Dec 2024
    Iran (%) 7.8 Mar 2025 quarterly Mar 1998 - Mar 2025
    Ireland (%) 32.8 Sep 2025 quarterly Mar 2000 - Sep 2025
    Israel (%) 66.5 2024 yearly 1995 - 2024
    Italy (%) 137.8 Sep 2025 quarterly Dec 1995 - Sep 2025
    Ivory Coast (%) 8.6 2015 yearly 1975 - 2015
    Japan (%) 203.0 Sep 2025 quarterly Jun 1982 - Sep 2025
    Jordan (%) 83.2 Sep 2025 quarterly Mar 2002 - Sep 2025
    Kazakhstan (%) 23.0 Dec 2024 quarterly Mar 2005 - Dec 2024
    Kenya (%) 68.9 Sep 2025 quarterly Dec 2009 - Sep 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 (%) 43.2 Sep 2025 quarterly Mar 2011 - Sep 2025
    Latvia (%) 45.2 Sep 2025 quarterly Mar 2000 - Sep 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 (%) 65.3 Dec 2025 quarterly Dec 2010 - Dec 2025
    Malta (%) 46.5 Sep 2025 quarterly Mar 2000 - Sep 2025
    Mauritius (%) 80.5 Dec 2025 quarterly Jun 2003 - Dec 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 (%) 42.4 Sep 2025 quarterly Dec 1999 - Sep 2025
    New Zealand (%) 48.5 Sep 2025 quarterly Dec 2006 - Sep 2025
    Nigeria (%) 37.5 Jun 2025 quarterly Dec 2010 - Jun 2025
    Norway (%) 53.2 2024 yearly 1995 - 2024
    Oman (%) 35.4 2024 yearly 1990 - 2024
    Pakistan (%) 68.3 2025 yearly 2000 - 2025
    Palestinian Territory (%) 110.9 Sep 2025 quarterly Dec 2010 - Sep 2025
    Panama (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
    Paraguay (%) 35.5 Sep 2025 quarterly Dec 2014 - Sep 2025
    Peru (%) 31.0 Sep 2025 quarterly Mar 1999 - Sep 2025
    Philippines (%) 63.2 Dec 2025 quarterly Mar 1993 - Dec 2025
    Poland (%) 58.1 Sep 2025 quarterly Mar 2000 - Sep 2025
    Portugal (%) 89.7 Dec 2025 quarterly Dec 1995 - Dec 2025
    Qatar (%) 15.0 2012 yearly 2006 - 2012
    Romania (%) 58.8 Sep 2025 quarterly Dec 2011 - Sep 2025
    Russia (%) 15.2 Sep 2025 quarterly Dec 2011 - Sep 2025
    Saudi Arabia (%) 30.8 Sep 2025 quarterly Dec 2016 - Sep 2025
    Serbia (%) 43.7 Sep 2025 quarterly Sep 2004 - Sep 2025
    Singapore (%) 166.1 Dec 2025 quarterly Mar 1990 - Dec 2025
    Slovakia (%) 62.9 Jun 2025 quarterly Mar 2000 - Jun 2025
    Slovenia (%) 69.3 Jun 2025 quarterly Dec 1999 - Jun 2025
    South Africa (%) 78.9 Sep 2025 quarterly Dec 1960 - Sep 2025
    Spain (%) 103.2 Sep 2025 quarterly Mar 1995 - Sep 2025
    Sri Lanka (%) 93.0 Sep 2025 quarterly Mar 2014 - Sep 2025
    Sweden (%) 33.3 Jun 2025 quarterly Mar 1996 - Jun 2025
    Switzerland (%) 22.2 2029 yearly 1990 - 2029
    Taiwan, China (%) 26.8 2024 yearly 1996 - 2024
    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 (%) 24.5 Sep 2025 quarterly Dec 2001 - Sep 2025
    Ukraine (%) 90.3 Sep 2025 quarterly Dec 2010 - Sep 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) 152.759 Dec 2025 monthly Jan 2000 - Dec 2025
    Tax Revenue (USD mn) 804.827 Dec 2025 monthly Jan 2000 - Dec 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) 12,305.900 Dec 2025 monthly Dec 1999 - Dec 2025
    General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 7,090,434.100 Dec 2025 monthly Dec 1999 - Dec 2025
    General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 5,401,694.400 Nov 2025 monthly Dec 1999 - Nov 2025
    General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 24,186,464.300 Dec 2025 monthly Dec 1999 - Dec 2025
    General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 885,491.900 Nov 2025 monthly Dec 1999 - Nov 2025
    General Government Balance: ytd (MNT mn) -1,231,538.700 Dec 2025 monthly Dec 1999 - Dec 2025
    General Government Expenditure & NL: ytd: Expenditure (MNT mn) 2,154,886.548 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) 906.5 Jan 2026 monthly Jan 1997 - Jan 2026
    Total Exports (USD mn) 1,749.4 Jan 2026 monthly Jan 1997 - Jan 2026
    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) 843.0 Jan 2026 monthly Jan 1997 - Jan 2026
    Total Imports Growth (%) -12.6 Jan 2026 monthly Jan 1998 - Jan 2026
    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) 41.548 Jan 2026 monthly Dec 1999 - Jan 2026
    Total Imports from USA (USD mn) 18.390 Jan 2026 monthly Dec 1999 - Jan 2026
    Total Exports to China (USD mn) 1,553.741 Jan 2026 monthly Dec 1999 - Jan 2026
    Total Imports from China (USD mn) 311.636 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Live Animals and Products of Animal Origin (USD th) 7,944.969 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Textiles and Textile Articles (USD th) 15,563.220 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Mineral Products (USD th) 1,507,033.301 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Europe: European Union: ow United Kingdom (USD th) 322.384 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Asia: North Eastern: ow China (USD th) 1,555,704.189 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Mineral Products (USD th) 258,396.771 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Base Metals and Articles Thereof (USD th) 56,517.566 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 108,940.104 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 182,826.293 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Food Products (USD th) 60,185.922 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: America: ow USA (USD th) 18,389.955 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Asia: North Eastern: ow China (USD th) 313,092.200 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Europe: Others: ow Russian Federation (USD th) 262,400.155 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Asia: North Eastern: ow Republic of Korea (USD th) 22,974.082 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Asia: North Eastern: ow Japan (USD th) 74,918.823 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
    Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
    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) 8.8 Dec 2025 monthly Jan 2009 - Dec 2025
    Current Account Balance (USD mn) 399.4 Dec 2025 monthly Jan 2009 - Dec 2025
    Current Account Balance: % of GDP (%) -4.1 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Direct Investment (USD mn) -192.1 Dec 2025 monthly Jan 2009 - Dec 2025
    Foreign Direct Investment: % of GDP (%) 15.6 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Portfolio Investment (USD mn) 198.065 Dec 2025 quarterly Mar 1998 - Dec 2025
    Foreign Portfolio Investment: % of GDP (%) 10.7 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Portfolio Investment: Equity Securities (USD mn) -1.4 Dec 2025 quarterly Mar 1998 - Dec 2025
    Foreign Portfolio Investment: Debt Securities (USD mn) 199.417 Dec 2025 quarterly Mar 1998 - Dec 2025
    External Debt (USD mn) 40,439.3 Sep 2025 quarterly Mar 2000 - Sep 2025
    External Debt: % of GDP (%) 157.9 2024 yearly 1992 - 2024
    External Debt: Short Term (USD mn) 2,640.4 Sep 2025 quarterly Mar 2000 - Sep 2025
    External Debt: Short Term: % of GDP (%) 8.6 2024 yearly 1992 - 2024
    Forecast: Current Account Balance (USD bn) -4.078 2030 yearly 1991 - 2030
    Net International Investment Position (USD mn) -45,651.362 Sep 2025 quarterly Dec 2010 - Sep 2025
    Balance of Payments (BoP): Current Account (CA) (USD mn) 399.399 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: CA: Primary Income (USD mn) -195.297 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: CA: Secondary Income (USD mn) 14.031 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: CA: Goods & Services: Services (USD mn) -364.558 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Direct Investment (USD mn) 200.846 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: Financial Account (FA) (USD mn) -257.706 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Direct Investment: Liabilities (USD mn) -192.079 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: Capital Account (USD mn) 14.776 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: CA: Goods & Services: Goods (USD mn) 945.222 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Portfolio Investment (USD mn) -126.175 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Financial Derivatives (USD mn) -2.667 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Portfolio Investment: Asset (USD mn) -21.622 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Portfolio Investment: Liabilities (USD mn) 104.553 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Direct Investment: Asset (USD mn) 8.767 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Financial Derivatives: Asset (USD mn) -1.792 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Other Investment (OI) (USD mn) -329.709 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Financial Derivatives: Liabilities (USD mn) 0.875 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: OI: Liabilities (USD mn) -36.898 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: OI: Asset (USD mn) -366.607 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: Reserves: Assets (USD mn) 968.581 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: Net Errors & Omissions (USD mn) 296.701 Dec 2025 monthly Jan 2009 - Dec 2025
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 5.1 Dec 2025 monthly Dec 1996 - Dec 2025
    Household Debt: % of GDP (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
    Non-Performing Loans (USD mn) 626.061 Dec 2025 monthly Dec 1996 - Dec 2025
    Money Supply M1 (USD mn) 3,156.475 Dec 2025 monthly Dec 1996 - Dec 2025
    Money Supply M2 (USD mn) 13,232.638 Dec 2025 monthly Dec 1996 - Dec 2025
    M2 Growth (%) 8.8 Dec 2025 monthly Dec 1997 - Dec 2025
    Reserve Requirement Ratio (%) 13.0 Jan 2026 monthly Jan 2005 - Jan 2026
    Foreign Exchange Reserves (USD mn) 5,330.6 Jan 2026 monthly Dec 1992 - Jan 2026
    Foreign Exchange Reserves: % of GDP (%) 19.853 Sep 2025 quarterly Dec 2010 - Sep 2025
    Foreign Exchange Reserves: Months of Import (NA) 6.3 Jan 2026 monthly Jan 1997 - Jan 2026
    Gold Reserves (USD mn) 1,310.238 Jan 2026 monthly Dec 1980 - Jan 2026
    Total Deposits (USD mn) 8,470.331 Nov 2025 monthly Jan 2000 - Nov 2025
    Total Deposits Growth (%) 17.6 Nov 2025 monthly Jan 2001 - Nov 2025
    Domestic Credit (USD mn) 12,170.3 Dec 2025 monthly Dec 1991 - Dec 2025
    Domestic Credit Growth (%) 22.5 Dec 2025 monthly Dec 1992 - Dec 2025
    Household Debt (USD mn) 7,299.2 Dec 2025 monthly Jan 2004 - Dec 2025
    Total Loans (USD mn) 12,382.569 Dec 2025 monthly Dec 1996 - Dec 2025
    Total Loans Growth (%) 18.87 Dec 2025 monthly Dec 1997 - Dec 2025
    Private Debt: % of Nominal GDP (%) 49.12 Sep 2025 quarterly Dec 2010 - Sep 2025
    International Reserves: Gross (USD mn) 6,737.650 Jan 2026 monthly Jan 2006 - Jan 2026
    Money Supply: M2: M1 (MNT mn) 11,226,982.066 Dec 2025 monthly Dec 1990 - Dec 2025
    Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 2,226,780.699 Dec 2025 monthly Dec 1996 - Dec 2025
    Deposits (MNT tn) 31.800 Dec 2025 monthly Jan 2000 - Dec 2025
    Deposits: Corporate (MNT tn) 6.400 Dec 2025 monthly May 2018 - Dec 2025
    Deposits: Individual (MNT tn) 25.400 Dec 2025 monthly May 2018 - Dec 2025

    More Indicators for Mongolia

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