Gross national savings — all countries

Gross national savings — Mongolia

Gross national savings in Mongolia in 2024 — 25.6%. Ranked 53 in the world out of 146. Since 1981, the indicator has risen by 3.3 pp.

2024 25.6% −7.8 pp vs 2023
World rank 53of 146
Period maximum 46%2006
Period minimum 7.9%1988

Trend over time

1981–2024 · % of GDP

Gross national savings — Mongolia, 1981–2024020406019811986199119962001200620112016202120241981: 22.3%1982: 31.2%1983: 21%1984: 20%1985: 19.3%1986: 13.6%1987: 8.5%1988: 7.9%1989: 14.9%1990: 23.4%1991: 25.5%1992: 36.5%1993: 41.8%1994: 40.6%1995: 38.8%1996: 33%1997: 37.2%1998: 30.9%1999: 33.4%2000: 17.4%2001: 17.9%2002: 16.3%2003: 25%2004: 33.7%2005: 39.6%2006: 46%2007: 41%2008: 30%2009: 27.2%2010: 26.6%2011: 30.4%2012: 27.7%2013: 26.3%2014: 23.4%2015: 16.4%2016: 17%2017: 17.4%2018: 22.1%2019: 20.3%2020: 16.3%2021: 20.3%2022: 27.2%2023: 33.5%2024: 25.6%
Change over the period: +3.3 pp Annual average: 0.08 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Mongolia

Mongolia 25.6%
World 26.1%
Eastern Asia computed 40.2%
Gross national savings — Mongolia, by year Mongolia All countries CSV XLSX
Year % Change, pp
2024 25.6 −7.8 pp
2023 33.5 +6.3 pp
2022 27.2 +6.9 pp
2021 20.3 +4 pp
2020 16.3 −4 pp
2019 20.3 −1.9 pp
2018 22.1 +4.8 pp
2017 17.4 +0.4 pp
2016 17 +0.6 pp
2015 16.4 −7 pp
2014 23.4 −2.8 pp
2013 26.3 −1.4 pp
2012 27.7 −2.7 pp
2011 30.4 +3.8 pp
2010 26.6 −0.6 pp
2009 27.2 −2.7 pp
2008 30 −11.1 pp
2007 41 −4.9 pp
2006 46 +6.4 pp
2005 39.6 +5.9 pp
2004 33.7 +8.6 pp
2003 25 +8.8 pp
2002 16.3 −1.6 pp
2001 17.9 +0.5 pp
2000 17.4 −16 pp
1999 33.4 +2.6 pp
1998 30.9 −6.3 pp
1997 37.2 +4.1 pp
1996 33 −5.8 pp
1995 38.8 −1.8 pp
1994 40.6 −1.2 pp
1993 41.8 +5.3 pp
1992 36.5 +11 pp
1991 25.5 +2.1 pp
1990 23.4 +8.5 pp
1989 14.9 +7 pp
1988 7.9 −0.5 pp
1987 8.5 −5.1 pp
1986 13.6 −5.7 pp
1985 19.3 −0.8 pp
1984 20 −1 pp
1983 21 −10.2 pp
1982 31.2 +8.9 pp
1981 22.3

Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.