Subsidies and other transfers in Mongolia
Mongolia: Subsidies and other transfers was 10.27 trillion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Mongolia recorded 10.27 trillion current LCU for subsidies and other transfers in 2024.
The figure is down 6.6% on the previous year and up 267.1% over ten years.
Over the whole period, subsidies and other transfers in Mongolia peaked at 11.00 trillion current LCU in 2023 and was at its lowest, 5.69 billion current LCU, in 1992.
Mongolia ranks 16th of 153 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 54.58 billion current LCU | 5.69 billion current LCU | 109.05 billion current LCU | 8 |
| 2000s | 366.50 billion current LCU | 137.80 billion current LCU | 776.97 billion current LCU | 8 |
| 2010s | 3.01 trillion current LCU | 938.23 billion current LCU | 5.85 trillion current LCU | 10 |
| 2020s | 9.51 trillion current LCU | 7.85 trillion current LCU | 11.00 trillion 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 subsidies and other transfers in Mongolia?
- Subsidies and other transfers in Mongolia was 10.27 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Mongolia?
- The highest recorded value was 11.00 trillion current LCU in 2023.
- What is the lowest subsidies and other transfers recorded in Mongolia?
- The lowest recorded value was 5.69 billion current LCU in 1992.
- How does Mongolia rank for subsidies and other transfers?
- Mongolia ranks 16th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Mongolia?
- Over the last ten years it is up 267.1%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.