Mongolia



Mongolia: Statistical Data At-A-Glance
IndicatorDataYearSource
Total population2.96 million2015WDI
Urban population (% of total)72.04% of total2015WDI
GDP, current prices (U.S. dollars)11,757.94 USD (millions)2015Country Editor
GDP based on PPP per capita GDP (Current international dollar)12,146.64 USD 2015WEO
Inflation, end of period consumer prices (Percent change)1.13%2015WEO
Average bank deposit rate12.98%2015IFS
Lending rate19.53%2015IFS
Total amount of home mortgage loans outstanding at the end of year in millions of USD:1,720.34 USD (millions)2015Bank of Mongolia
Total amount of home mortgage loans outstanding at the end of year as % of GDP (current)14.66%2015Bank of Mongolia
Total # of home mortgage loans outstanding at the end of year77.11 thousand2015Bank of Mogolia
Typical LTV at origination562012Country Editor
Typical pmt-to-income ratio (HH income)45%2015Country Editor
Typical number of days needed for the transfer of title10.52015WDI

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.