According to the National Statistical Office’s (NSO) 2017 household socio-economic survey, 184,200 households in Mongolia took out salary loans, 109,800 households took out pension loans, 72,600 households took out herder loans, and 57,600 households had mortgage loans.
These figures show that more than 50 percent of all households in Mongolia have loan debt.
In 2017, the average amount of debt per household was equivalent to 5.4 million MNT. The NSO reported that a mere 21.8 percent of all households have savings.
The number of households with savings has continually decreased each year. In 2017, the figure fell by 3 percent.
According to the National Statistical Office’s (NSO) 2017 household socio-economic survey, 184,200 households in Mongolia took out salary loans, 109,800 households took out pension loans, 72,600 households took out herder loans, and 57,600 households had mortgage loans.
These figures show that more than 50 percent of all households in Mongolia have loan debt.
In 2017, the average amount of debt per household was equivalent to 5.4 million MNT. The NSO reported that a mere 21.8 percent of all households have savings.
The number of households with savings has continually decreased each year. In 2017, the figure fell by 3 percent.