Mongolia: Financial institutions development, efficiency

* indicates monthly or quarterly data series
 Mongolia

Financial institutions development, efficiency

 Latest value 0.539
 Year 2021
 Measure index points
 Data availability 1991 - 2021
 Average 0.514
 Min - Max 0.304 - 0.685
 Source International Monetary Fund
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.
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* indicates monthly or quarterly data series


Recent data
Mongolia - Financial institutions development, efficiency - Recent values chart

Historical series
Mongolia - Financial institutions development, efficiency - historical chart - 1991-2021




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.

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 Related indicators Latest 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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