Military expenditure in Mongolia
Mongolia: Military expenditure was 613.07 billion current LCU in 2024. ◆ Volatile
Military expenditure in Mongolia, 1987–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current LCU.
Analysis
In 2024, military expenditure in Mongolia stood at 613.07 billion current LCU. That is the highest value across all 38 years on record.
Compared with earlier readings it is up 58.7% on the previous year and up 220.8% over ten years.
Over the whole period, military expenditure in Mongolia peaked at 613.07 billion current LCU in 2024 and was at its lowest, 592.00 million current LCU, in 1990.
Mongolia ranks 33rd of 167 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 847.67 million current LCU | 793.00 million current LCU | 900.00 million current LCU | 3 |
| 1990s | 8.49 billion current LCU | 592.00 million current LCU | 18.42 billion current LCU | 10 |
| 2000s | 42.06 billion current LCU | 25.38 billion current LCU | 77.82 billion current LCU | 10 |
| 2010s | 177.67 billion current LCU | 74.44 billion current LCU | 250.32 billion current LCU | 10 |
| 2020s | 365.46 billion current LCU | 268.94 billion current LCU | 613.07 billion current LCU | 5 |
Countries ranked near Mongolia
More public sector data for Mongolia
- Arms imports 3.00 million SIPRI trend indicator values (2022)
- Tax revenue 16.9% (2024)
- Taxes on income, profits and capital gains 16.3% (2024)
- Taxes on goods and services 25.9% (2024)
- Net investment in nonfinancial assets 6.3% (2024)
- Net lending (+) / net borrowing (-) 1.8% (2024)
- Interest payments 4.3% (2024)
- Grants and other revenue 31.0% (2024)
- Interest payments 6.0% (2021)
- Other taxes 1.0% (2024)
Frequently asked questions
- What is military expenditure in Mongolia?
- Military expenditure in Mongolia was 613.07 billion current LCU in 2024, according to SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI).
- What is the highest military expenditure recorded in Mongolia?
- The highest recorded value was 613.07 billion current LCU in 2024.
- What is the lowest military expenditure recorded in Mongolia?
- The lowest recorded value was 592.00 million current LCU in 1990.
- How does Mongolia rank for military expenditure?
- Mongolia ranks 33rd out of 167 countries with data for 2024.
- Is military expenditure rising or falling in Mongolia?
- Over the last ten years it is up 220.8%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI), published as part of Military expenditure (current LCU). Statizoid updates them automatically from the source API.
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About this data
Military expenditure in local currency at current prices (by calendar year)