household debts in Mongolia

Gross debt in Mongolia

General government debt of Mongolia refers to the debts of the state, their states and municipalities, and also of public sector institutions such as social security funds.

The government debt in the period from 2013 to 2021 was between 6.2 billion and 13.0 billion USD. The highest level within the past 8 years was reached in 2020. However, the liabilities in 2021 have been only twelve billion USD

Based on the number of inhabitants, this is a debt of 3,642 USD per person. For comparison, the average debt per person in the same year in the European Union was 35,341 USD.

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Gross debt of the last 8 years in billion USD

YearMongolia total% of GDPper capitaEU per capita
20136.22 bn USD49.42%2,158 USD30,021 USD
20146.98 bn USD57.07%2,373 USD30,832 USD
20157.30 bn USD62.80%2,461 USD26,170 USD
20169.80 bn USD87.63%3,234 USD26,655 USD
201711.80 bn USD102.82%3,813 USD27,535 USD
201811.95 bn USD90.69%3,777 USD29,172 USD
201911.26 bn USD79.25%3,483 USD27,927 USD
202012.96 bn USD97.37%3,935 USD32,227 USD
202112.19 bn USD79.77%3,642 USD35,341 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Mongolia       European Union

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