Mongolia recorded a Government Debt to GDP of 66 percent of the country's Gross Domestic Product in 2020. source: World Bank

Government Debt to GDP in Mongolia averaged 54.54 percent of GDP from 1992 until 2020, reaching an all time high of 95.73 percent of GDP in 2003 and a record low of 20.62 percent of GDP in 1992. This page provides - Mongolia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Mongolia Government Debt to GDP - values, historical data and charts - was last updated on October of 2021.

Government Debt to GDP in Mongolia is expected to reach 82.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Government Debt to GDP is projected to trend around 82.00 percent of GDP in 2022 and 78.00 percent of GDP in 2023, according to our econometric models.

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Mongolia Government Debt to GDP

Mongolia Last Unit Reference Previous Highest Lowest
Government Debt to GDP 66.00 percent of GDP Dec/20 57.00 95.73 20.62

Mongolia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.