Mongolia: Financial development

* indicates monthly or quarterly data series
 Mongolia

Financial development

 Latest value 0.308
 Year 2021
 Measure index points
 Data availability 1991 - 2021
 Average 0.223
 Min - Max 0.087 - 0.397
 Source International Monetary Fund
For that indicator, we provide data for Mongolia from 1991 to 2021. The average value for Mongolia during that period was 0.223 index points with a minimum of 0.087 index points in 1993 and a maximum of 0.397 index points in 2018. The latest value from 2021 is 0.308 index points. For comparison, the world average in 2021 based on 178 countries is 0.331 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Mongolia - Financial development - Recent values chart

Historical chart
Mongolia - Financial development - historical chart - 1991-2021




Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.


 Related indicators Latest value Reference Measure
 Financial development 0.308 2021 index points
 Financial institutions development 0.494 2021 index points
 Financial institutions development, depth 0.107 2021 index points
 Financial institutions development, access 0.701 2021 index points
 Financial institutions development, efficiency 0.539 2021 index points
 Financial markets development 0.111 2021 index points
 Financial markets development, depth 0.264 2021 index points
 Financial markets development, access 0.033 2021 index points
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