Total Credit — Value Standard Local Currency in Mongolia
Mongolia: Total Credit — Value Standard Local Currency was 33.30 million million SLC in 2024. ◆ Volatile
Total Credit — Value Standard Local Currency in Mongolia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total credit — value standard local currency in Mongolia stood at 33.30 million million SLC. That is the highest value across all 34 years on record.
That represents a change of up 25.2% on the previous year and up 152.7% over ten years.
Over the whole period, total credit — value standard local currency in Mongolia peaked at 33.30 million million SLC in 2024 and was at its lowest, 5,047 million SLC, in 1991.
Mongolia ranks 15th of 165 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Total Credit — Value Standard Local Currency in Mongolia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 5,047 million SLC | — |
| 1992 | 11,127 million SLC | +120.5% |
| 1993 | 19,284 million SLC | +73.3% |
| 1994 | 54,367 million SLC | +181.9% |
| 1995 | 61,436 million SLC | +13.0% |
| 1996 | 79,663 million SLC | +29.7% |
| 1997 | 59,879 million SLC | -24.8% |
| 1998 | 103,874 million SLC | +73.5% |
| 1999 | 95,895 million SLC | -7.7% |
| 2000 | 98,398 million SLC | +2.6% |
| 2001 | 147,559 million SLC | +50.0% |
| 2002 | 259,088 million SLC | +75.6% |
| 2003 | 473,058 million SLC | +82.6% |
| 2004 | 699,577 million SLC | +47.9% |
| 2005 | 971,575 million SLC | +38.9% |
| 2006 | 1.41 million million SLC | +44.8% |
| 2007 | 2.39 million million SLC | +69.9% |
| 2008 | 3.03 million million SLC | +26.9% |
| 2009 | 3.08 million million SLC | +1.5% |
| 2010 | 3.34 million million SLC | +8.3% |
| 2011 | 5.73 million million SLC | +71.8% |
| 2012 | 7.30 million million SLC | +27.3% |
| 2013 | 11.48 million million SLC | +57.3% |
| 2014 | 13.18 million million SLC | +14.8% |
| 2015 | 12.47 million million SLC | -5.4% |
| 2016 | 13.63 million million SLC | +9.3% |
| 2017 | 14.79 million million SLC | +8.6% |
| 2018 | 18.05 million million SLC | +22.0% |
| 2019 | 18.50 million million SLC | +2.5% |
| 2020 | 17.15 million million SLC | -7.3% |
| 2021 | 20.68 million million SLC | +20.6% |
| 2022 | 22.07 million million SLC | +6.7% |
| 2023 | 26.59 million million SLC | +20.5% |
| 2024 | 33.30 million million SLC | +25.2% |
Mongolia compared with similar countries
- Mongolia's 33.30 million million SLC is above the median for upper middle income countries, which is 484,171 million SLC, 68.8× the median. (47 countries reporting)
- Mongolia's 33.30 million million SLC is above the median for East Asia & Pacific, which is 1.16 million million SLC, 28.7× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54,508 million SLC | 5,047 million SLC | 103,874 million SLC | 9 |
| 2000s | 1.26 million million SLC | 98,398 million SLC | 3.08 million million SLC | 10 |
| 2010s | 11.85 million million SLC | 3.34 million million SLC | 18.50 million million SLC | 10 |
| 2020s | 23.96 million million SLC | 17.15 million million SLC | 33.30 million million SLC | 5 |
Countries ranked near Mongolia
More agriculture & rural data for Mongolia
- Agriculture, forestry, and fishing, value added (current US$), annual 30.71 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0894 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 635.39 current US$ per person (2025)
- Rural population, annual growth rate 0.5968 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.2885 units per person (2025)
- Share of GDP from agriculture 8.9% (2025)
- Agriculture as a share of GDP vs. GDP per capita 8.9% (2025)
- Agricultural raw materials exports 2.7% (2023)
- Agricultural raw materials imports 0.4% (2023)
Frequently asked questions
- What is total credit — value standard local currency in Mongolia?
- Total credit — value standard local currency in Mongolia was 33.30 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency recorded in Mongolia?
- The highest recorded value was 33.30 million million SLC in 2024.
- What is the lowest total credit — value standard local currency recorded in Mongolia?
- The lowest recorded value was 5,047 million SLC in 1991.
- How does Mongolia rank for total credit — value standard local currency?
- Mongolia ranks 15th out of 165 countries with data for 2024.
- Is total credit — value standard local currency rising or falling in Mongolia?
- Over the last ten years it is up 152.7%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.