household debts in Mongolia

Gross debt in Mongolia

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Mongolia in the period from 1998 to 2020 was between 745.1 million and 9.4 billion USD. The highest level of the last years at nine billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is a debt of 2,842 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.

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Gross debt of the last 22 years in billion USD

YearMongolia totalMongolia per capitaEU per capita
19980.75 bn USD316 USD14,079 USD
19990.94 bn USD395 USD14,032 USD
20000.77 bn USD322 USD11,232 USD
20010.75 bn USD310 USD11,255 USD
20020.86 bn USD352 USD12,258 USD
20031.23 bn USD498 USD15,286 USD
20041.28 bn USD514 USD17,595 USD
20051.41 bn USD558 USD18,327 USD
20061.43 bn USD559 USD18,877 USD
20071.55 bn USD596 USD20,898 USD
20082.17 bn USD824 USD24,086 USD
20092.05 bn USD767 USD25,361 USD
20101.90 bn USD698 USD26,496 USD
20113.05 bn USD1,100 USD29,231 USD
20125.62 bn USD1,989 USD28,174 USD
20136.46 bn USD2,241 USD29,981 USD
20146.95 bn USD2,363 USD30,648 USD
20157.24 bn USD2,442 USD25,918 USD
20168.81 bn USD2,908 USD26,261 USD
20178.32 bn USD2,687 USD27,024 USD
20188.37 bn USD2,645 USD28,448 USD
20198.43 bn USD2,609 USD27,168 USD
20209.36 bn USD2,842 USD30,783 USD

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

      Mongolia       European Union

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