Mongolia: Savings, percent of GDP
* indicates monthly or quarterly data series
| Mongolia |
Savings as percent of GDP |
|---|---|
| Latest value | 24.63 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1981 - 2022 |
| Average | 25.78 |
| Min - Max | 7.95 - 45.96 |
| Source | The World Bank |
The latest value from 2022 is 24.63 percent, an increase from 20.29 percent in 2021. In comparison, the world average is 24.61 percent, based on data from 123 countries. Historically, the average for Mongolia from 1981 to 2022 is 25.78 percent. The minimum value, 7.95 percent, was reached in 1988 while the maximum of 45.96 percent was recorded in 2006.
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* indicates monthly or quarterly data series
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The savings in Mongolia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 39.98 | 2023 | percent |
| Share of manufacturing | 6.91 | 2023 | percent |
| Share of services | 40.08 | 2023 | percent |
| Industry value added | 7.95 | 2023 | billion U.S. dollars |
| Manufacturing value added | 1.37 | 2023 | billion U.S. dollars |
| Services value added | 7.97 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 24.63 | 2022 | percent |
| Savings, in dollars | 6.24 | 2023 | billion U.S. dollars |