Lending Interest Rates Statistics in Mongolia (2026)
According to World Bank World Development Indicators data, the average lending interest rate in Mongolia came to 16% in 2021. Down from 16.9% in 2020 to 16% in 2021 (−0.9 percentage points). Mongolia ranks #20 of 20 economies in East Asia & Pacific on this measure, and #92 of 112 globally.
Key Statistics
- Latest value (2021)
- 16% (2021)
- Lending Interest Rates in Mongolia as of 2021, the most recent observation in World Bank World Development Indicators data.
- Change since 2020
- −0.9 pp (2021)
- Down from 16.9% in 2020 to 16% in 2021 (−0.9 percentage points).
- Earliest value in this dataset (1998)
- 48.1% (1998)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 48.1% in 1998 to 16% in 2021.
- Peak value (1998)
- 48.1% (1998)
- Highest value in the available series; the 2021 value is 16%.
- Rank in East Asia & Pacific (lower is better; rank 1 = lowest)
- #20 of 20 (2021)
- Mongolia ranks 20 of 20 countries in East Asia & Pacific with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #92 of 112 (2021)
- Mongolia ranks 92 of 112 countries with data globally. Ranked ascending because lower values are better for this metric.
- East Asia & Pacific average
- 7.8% (2021)
- Mongolia (16%) is above the average of 7.8% across the 20 countries in East Asia & Pacific with data.
- 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, 1998–2021
| Year | % | Change |
|---|---|---|
| 2021 | 16% | −0.9 pp |
| 2020 | 16.9% | −0.1 pp |
| 2019 | 17% | −0.7 pp |
| 2018 | 17.7% | −2.3 pp |
| 2017 | 20% | +0.3 pp |
| 2016 | 19.7% | +0.2 pp |
| 2015 | 19.6% | +0.5 pp |
| 2014 | 19% | +0.5 pp |
| 2013 | 18.5% | +0.4 pp |
| 2012 | 18.1% | +1.5 pp |
| 2011 | 16.6% | −3.5 pp |
| 2010 | 20.1% | −1.6 pp |
| 2009 | 21.7% | +1.1 pp |
| 2008 | 20.6% | −1.2 pp |
| 2007 | 21.8% | −5.1 pp |
| 2006 | 26.9% | −3.6 pp |
| 2005 | 30.6% | −0.9 pp |
| 2004 | 31.5% | −0.4 pp |
| 2003 | 31.9% | −3.6 pp |
| 2002 | 35.5% | −1.8 pp |
| 2001 | 37.4% | +0.4 pp |
| 2000 | 37% | −7.1 pp |
| 1999 | 44% | −4.1 pp |
| 1998 | 48.1% | — |
Frequently asked questions
What is the latest figure for average lending interest rate in Mongolia?
The average lending interest rate in Mongolia stood at 16% in 2021, according to World Bank World Development Indicators data.
Where does the lending interest rates data for Mongolia come from?
The data comes from the World Bank World Development Indicators (indicator FR.INR.LEND). The latest observation for Mongolia is from 2021; the snapshot was retrieved on 2026-06-10.
How has lending interest rates in Mongolia changed over time?
World Bank World Development Indicators data show a decline from 48.1% in 1998 to 16% in 2021.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FR.INR.LEND, retrieved .
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 .