Bank or similar financial institution account in Mongolia

Mongolia: Bank or similar financial institution account was 98.2% in 2024. ▲ Rising

Latest (2024)
98.2%
Change on year
up 0.1%
World rank
17th
of 115 countries
All-time high
98.2%
in 2024
All-time low
77.7%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account in Mongolia, 2011–2024

0204060801002011201720242011: 77.7 % age 15+2014: 91.8 % age 15+2017: 93 % age 15+2021: 98.2 % age 15+2024: 98.2 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

Mongolia recorded 98.2% for bank or similar financial institution account in 2024. That is the highest value across all 5 years on record.

That represents a change of up 0.1% on the previous year and up 7.0% over ten years.

Over the whole period, bank or similar financial institution account in Mongolia peaked at 98.2% in 2024 and was at its lowest, 77.7%, in 2011.

That places Mongolia 17th out of 115 countries with data for 2024, putting it in the top quarter.

Bank or similar financial institution account in Mongolia, year by year

Annual values for Bank or similar financial institution account (% age 15+) in Mongolia, 2011 to 2024.
Year % age 15+ Change
2011 77.7%
2014 91.8% +18.1%
2017 93.0% +1.3%
2021 98.2% +5.6%
2024 98.2% +0.1%

Averages by decade

DecadeAverage LowestHighest Years
2010s 87.5% 77.7% 93.0% 3
2020s 98.2% 98.2% 98.2% 2

Countries ranked near Mongolia

  1. 14 Germany 98.3% compare
  2. 15 Ireland 98.3% compare
  3. 16 Belgium 98.2% compare
  4. 18 Australia 98.0% compare
  5. 19 New Zealand 97.9% compare
  6. 20 Singapore 97.8% compare

See the full ranking of 127 places →

More reference data data for Mongolia

All data for Mongolia →

Frequently asked questions

What is bank or similar financial institution account in Mongolia?
Bank or similar financial institution account in Mongolia was 98.2% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in Mongolia?
The highest recorded value was 98.2% in 2024.
What is the lowest bank or similar financial institution account recorded in Mongolia?
The lowest recorded value was 77.7% in 2011.
How does Mongolia rank for bank or similar financial institution account?
Mongolia ranks 17th out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in Mongolia?
Over the last ten years it is up 7.0%. The long-run trend across the full record is rising.
Where does this Mongolia data come from?
The figures come from Global Findex Database, published as part of Bank or similar financial institution account (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account in Mongolia. Statizoid, drawing on Global Findex Database. Retrieved 24 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/mongolia/

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About this data

Indicator
Bank or similar financial institution account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
127 places, 635 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another similar financial institution, (% age 15+)