Mongolia Government Debt To GDP

Mongolia recorded a Government Debt to GDP of 51.70 percent of the countrys Gross Domestic Product in 2011. Government Debt To GDP in Mongolia is reported by the the World Bank. From 1992 until 2011, Mongolia Government Debt To GDP averaged 61.3 Percent reaching an all time high of 105.5 Percent in December of 2003 and a record low of 24.5 Percent in December of 1992. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Mongolia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
51.70 45.30 105.50 24.50 57.65 | 2014/06 1992 - 2011 Percent Yearly

TO

Mongolia Government Debt To GDP
LIST BY COUNTRY

Government Last Previous Highest Lowest Forecast Unit
Government Debt To GDP 51.70 2011-12-31 45.30 105.50 24.50 57.65 2014-06-30 Percent [+]
Government Budget -2.00 2013-12-31 -7.70 3.10 -14.30 -0.68 2014-06-30 Percent of GDP [+]
Credit Rating 36.25 [+]
[+]


Government Debt to GDP | Notes
Government debt as a percent of GDP, also known as debt-to-GDP ratio, is the amount of national debt a country has in percentage of its Gross Domestic Product. Basically, Government debt is the money owed by the central government to its creditors. There are two types of government debt: net and gross. Gross debt is the accumulation of outstanding government debt which may be in the form of government bonds, credit default swaps, currency swaps, special drawing rights, loans, insurance and pensions. Net debt is the difference between gross debt and the financial assets that government holds. The higher the debt-to-GDP ratio, the less likely the country will pay its debt back, and more likely the country is to default on its debt obligations.


RELATED NEWS

Mongolia Unemployment Rate at 7.60 Percent  
Unemployment Rate in Mongolia increased to 7.60 percent in the third quarter of 2013 from 7.30 percent in the second quarter of 2013. Unemployment Rate in Mongolia is reported by the National Statistical Office of Mongolia.
Mongolia Current Account to GDP at -27.89 Percent  
Mongolia recorded a Current Account deficit of 27.89 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Mongolia is reported by the Mongolbank.
Mongolia Balance of Trade at -21.13 USD Million  
Mongolia recorded a trade deficit of 21.13 USD Million in January of 2014. Balance of Trade in Mongolia is reported by the Mongolbank.
Mongolia Exports at 219.18 USD Million  
Exports in Mongolia decreased to 219.18 USD Million in January of 2014 from 405.60 USD Million in December of 2013. Exports in Mongolia is reported by the Mongolbank.
Mongolia Imports at 240.30 USD Million  
Imports in Mongolia decreased to 240.30 USD Million in January of 2014 from 438.80 USD Million in December of 2013. Imports in Mongolia is reported by the Mongolbank.
Mongolia GDP Annual Growth Rate at 11.70 Percent  
The Gross Domestic Product (GDP) in Mongolia expanded 11.70 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Mongolia is reported by the National Statistical Office of Mongolia.
Mongolia Current Account at -71.00 USD Million  
Mongolia recorded a Current Account deficit of 71 USD Million in January of 2014. Current Account in Mongolia is reported by the Mongolbank.
Mongolia Inflation Rate at 12.40 Percent  
The inflation rate in Mongolia was recorded at 12.40 percent in March of 2014. Inflation Rate in Mongolia is reported by the Mongolbank.
Mongolia Interest Rate at 10.50 Percent  
The benchmark interest rate in Mongolia was last recorded at 10.50 percent. Interest Rate in Mongolia is reported by the Mongolbank.
Mongolia Personal Income Tax Rate at 10.00 percent  
The Personal Income Tax Rate in Mongolia stands at 10 percent. Personal Income Tax Rate in Mongolia is reported by the General Department of National Taxation.
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