Mongolia


The Housing Finance Sector data for Mongolia extends back to 2005. Please click on the Research Center tab above to access data for previous years not shown.

Mongolia: Statistical Data At-A-Glance
IndicatorDataYearSource
Total population3.03 million2016WDI
Urban population (% of total)72.82% of total2016WDI
GDP, current prices (U.S. dollars)11,652 USD (millions)2016WEO
GDP based on PPP per capita GDP (Current international dollar)12,133.48 USD 2016WEO
Inflation, end of period consumer prices (Percent change)3.71%2016WEO
Average bank deposit rate13.27%2016IFS
Lending rate19.74%2016IFS
Total amount of home mortgage loans outstanding at the end of year in millions of USD:1,614.08 USD (millions)2016Bank of Mongolia
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)16.82%2016Bank of Mongolia
Total # of home mortgage loans outstanding at the end of year89.16 thousand2016Bank of Mongolia
Typical LTV at origination562012Country Editor
Typical pmt-to-income ratio (HH income)45%2016Country Editor
Wholesale funding: loans from other banks or corporationstertiary2016Country Editor
Funding through securitization of mortgagesprimary2016Country Editor
Typical number of days needed for the transfer of title10.52016WDI

About the Editor

Mongolian Mortgage Federation (MIK)
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The Mongolian Mortgage Corporation (MIK) was established in 2003 to promote and develop primary and secondary mortgage markets to create and ensure an efficient, long-term financing system. MIK’s mission is to promote affordable home ownership and urban development for Mongolia’s people.