Formal Savings Statistics in Mongolia (2026)

In 2024, 33.2% of adults in Mongolia saved at a formal financial institution, according to World Bank Global Findex data. Up from 28% in 2021 to 33.2% in 2024 (+5.1 percentage points). Mongolia ranks #11 of 16 economies in East Asia & Pacific on this measure, and #46 of 142 globally.

Key Statistics

Latest value (2024): 33.2% (2024); Formal Savings in Mongolia as of 2024, the most recent observation in World Bank Global Findex data.
Change since 2021: +5.1 pp (2024); Up from 28% in 2021 to 33.2% in 2024 (+5.1 percentage points).
Earliest value in this dataset (2011): 23.2% (2011); Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 23.2% in 2011 to 33.2% in 2024.
Peak value (2014): 33.2% (2014); Highest value in the available series; the 2024 value is 33.2%.
Rank in East Asia & Pacific: #11 of 16 (2024); Mongolia ranks 11 of 16 countries in East Asia & Pacific with data, based on each country's latest value.
Global rank: #46 of 142 (2024); Mongolia ranks 46 of 142 countries with data globally.
East Asia & Pacific average: 42.9% (2024); Mongolia (33.2%) is below the average of 42.9% across the 16 countries in East Asia & Pacific with data.
Among women (2024): 35.5% (2024); Value for women in Mongolia, same 2024 World Bank Global Findex data.
Among men (2024): 30.6% (2024); Value for men in Mongolia, same 2024 World Bank Global Findex data.
Gender gap (women minus men): +5 pp (2024); In 2024, the figure was 35.5% for women and 30.6% for men — 5 percentage points higher among women.
In rural areas (2024): 27.6% (2024); Value for rural residents of Mongolia in 2024.
Rural gap vs national: −5.5 pp (2024); Rural residents (27.6%) are 5.5 percentage points below the national figure (33.2%).
Among the poorest 40% (2024): 22% (2024); Value for adults in the poorest 40% of households in Mongolia in 2024.
Poorest-40% gap vs national: −11.2 pp (2024); The poorest 40% (22%) are 11.2 percentage points below the national figure (33.2%).
Internet use in Mongolia (2024): 85.1% (2024); 85.1% of the population in Mongolia used the internet in 2024 (World Bank); shown for context only.
Population (2024): 3.5 million (2024); Mongolia had a population of 3.5 million in 2024 (World Bank); shown for scale only.

Trend, 2011–2024

Formal Savings in Mongolia by year (% of adults (age 15+))
Year	% of adults (age 15+)	Change
2024	33.2%	+5.1 pp
2021	28%	+8.7 pp
2017	19.3%	−13.9 pp
2014	33.2%	+10.0 pp
2011	23.2%	—

Fig. 1 — Formal Savings in Mongolia, 2011–2024

Frequently asked questions

What share of adults in Mongolia saved at a formal financial institution?

33.2% of adults in Mongolia saved at a formal financial institution in 2024, according to World Bank Global Findex data.

How recent is the formal savings data for Mongolia?

The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Mongolia.

Where does the formal savings data for Mongolia come from?

The data comes from the World Bank Global Findex (indicator fin17a). The latest observation for Mongolia is from 2024; the snapshot was retrieved on 2026-06-10.

How has formal savings in Mongolia changed over time?

World Bank Global Findex data show a rise from 23.2% in 2011 to 33.2% in 2024.

How does Mongolia compare with other countries in East Asia & Pacific?

Mongolia ranks 11 of 16 countries in East Asia & Pacific with data, with 33.2% versus a regional average of 42.9% (latest values per country).

Source & methodology

Source: World Bank Global Findex, indicator fin17a, retrieved 2026-06-10.

Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.

Last updated 2026-06-10.