Mongolia: Financial institutions development, efficiency

The latest value from 2021 is 0.539 index points, a decline from 0.593 index points in 2020. In comparison, the world average is 0.585 index points, based on data from 178 countries. Historically, the average for Mongolia from 1991 to 2021 is 0.514 index points. The minimum value, 0.304 index points, was reached in 1995 while the maximum of 0.685 index points was recorded in 2011. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures the efficiency of financial institutions. Constructed using the Principal Component methodology using the following variables: Net interest margin, Lending-deposits spread, Non-interest income to total income, Overhead costs to total assets, Return on assets, and Return on equity. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.