Gross debt in MongoliaGeneral 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
|Year||Mongolia total||% of GDP||per capita||EU per capita|
|2013||6.22 bn USD||49.42%||2,158 USD||30,021 USD|
|2014||6.98 bn USD||57.07%||2,373 USD||30,832 USD|
|2015||7.30 bn USD||62.80%||2,461 USD||26,170 USD|
|2016||9.80 bn USD||87.63%||3,234 USD||26,655 USD|
|2017||11.80 bn USD||102.82%||3,813 USD||27,535 USD|
|2018||11.95 bn USD||90.69%||3,777 USD||29,172 USD|
|2019||11.26 bn USD||79.25%||3,483 USD||27,927 USD|
|2020||12.96 bn USD||97.37%||3,935 USD||32,227 USD|
|2021||12.19 bn USD||79.77%||3,642 USD||35,341 USD|