Prices & public finance · East Asia & Pacific · Upper-middle income
Mongolia: prices, money and public finance
Inflation is 8.6% (2025), 27th of 180 in the world and 1st of 27 in East Asia & Pacific. GDP deflator is 4.4% (2025), 75th of 209 in the world and 9th of 36 in East Asia & Pacific. Lending rate is 16.0% (2021), 27th of 136 in the world and 1st of 24 in East Asia & Pacific.
Inflation
MongoliaEast Asia & PacificUpper-middle incomeWorld
GDP deflator
MongoliaEast Asia & PacificUpper-middle incomeWorld
14 indicators
Prices & public finance: Mongolia in detail
Latest reported value, world rank and rank within East Asia & Pacific; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 8.6%2025 | 27/180 | 1/27 | 11.6% | 10.0% | 3.7% | +2.9 ppsince 2015 | 2.0% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 4.4%2025 | 75/209 | 9/36 | 12.0% | 39.2% | 3.7% | +3.7 ppsince 2015 | 2.5% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 16.0%2021 | 27/136 | 1/24 | 37.0% | 20.1% | 16.9% | −0.6 ppsince 2011 | — | — | — | |
| Real interest rateReal interest rate, % | 1.4%2021 | 106/136 | 19/24 | 22.3% | -13.7% | 12.8% | +0.1 ppsince 2011 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 3,545.142025 | 13/210 | 5/36 | 1,076.67 | 1,357.06 | 2,813.29 | +80%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 16.9%2024 | 72/142 | 13/25 | 13.9% | 19.6% | 14.1% | +4.0 ppsince 2014 | 10.8% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 31.6%2024 | 39/142 | 6/25 | 24.4% | 29.0% | 29.2% | +6.5 ppsince 2014 | 17.6% | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 31.7%2021 | 51/142 | 8/25 | 22.4% | 22.9% | 33.2% | +7.3 ppsince 2011 | — | — | 28.5% | |
| Government debtCentral government debt, % of GDP | 43.3%2024 | 48/78 | 12/17 | 78.4% | · | 73.9% | −25.8 ppsince 2001 | — | — | — | |
| External debtExternal debt stocks, % of GNI | 181.9%2024 | 3/119 | 1/16 | 84.8% | 89.7% | 270.8% | −19.9 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 44.9%2024 | 80/169 | 17/25 | 6.9% | 34.2% | 45.8% | −14.4 ppsince 2014 | 175.5% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 53.7%2024 | 85/146 | 22/24 | 21.1% | 48.0% | 65.4% | +5.8 ppsince 2014 | 211.5% | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 4.22025 | 90/165 | 20/24 | 3.1 | 6.1 | 6.1 | +65%since 2015 | 11.1 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 0.88%2025 | 124/156 | 17/18 | 2.02% | 0.76% | 0.71% | ±0.0 ppsince 2015 | 1.72% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Government debt−25.8 pp43.3% in 2024
- External debt−19.9 pp181.9% in 2024
- Reserves, months of imports+65%4.2 in 2025
Worse than ten years ago
- Inflation+2.9 pp8.6% in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Mongolia and its neighbours
Countries sharing a land border with Mongolia. Latest values since 2005; the highest in each row is marked.
| Indicator | Mongolia | China | Russia |
|---|---|---|---|
| Inflation | 8.6%2025 | 0.1%2025 | 8.7%2025 |
| GDP deflator | 4.4%2025 | -0.9%2025 | 4.9%2025 |
| Lending rate | 16.0%2021 | 4.3%2024 | 17.1%2024 |
| Real interest rate | 1.4%2021 | 5.2%2024 | 5.8%2024 |
| Exchange rate | 3,545.142025 | 7.192025 | 83.652025 |
| Tax revenue | 16.9%2024 | 7.0%2024 | 10.9%2024 |
| Government revenue | 31.6%2024 | 14.9%2024 | 27.8%2024 |
| Government expense | 31.7%2021 | — | 30.0%2023 |
| Government debt | 43.3%2024 | — | 17.9%2024 |