Tax revenue in Mongolia
Mongolia: Tax revenue was 13.60 trillion current LCU in 2024. ◆ Volatile
Tax revenue in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Mongolia is 13.60 trillion current LCU, measured in 2024. That is the highest value across all 31 years on record.
That represents a change of up 35.0% on the previous year and up 374.1% over ten years.
Over the whole period, tax revenue in Mongolia peaked at 13.60 trillion current LCU in 2024 and was at its lowest, 6.22 billion current LCU, in 1992.
That places Mongolia 19th out of 157 countries with data for 2024, putting it 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 |
|---|---|---|---|---|
| 1990s | 63.44 billion current LCU | 6.22 billion current LCU | 105.95 billion current LCU | 8 |
| 2000s | 717.65 billion current LCU | 170.27 billion current LCU | 1.42 trillion current LCU | 8 |
| 2010s | 3.38 trillion current LCU | 1.91 trillion current LCU | 6.38 trillion current LCU | 10 |
| 2020s | 8.96 trillion current LCU | 5.30 trillion current LCU | 13.60 trillion current LCU | 5 |
Countries ranked near Mongolia
- 16 India 18.11 trillion current LCU compare
- 17 Democratic Republic of Congo 15.07 trillion current LCU compare
- 18 Kazakhstan 14.20 trillion current LCU compare
- 20 China 9.46 trillion current LCU compare
- 21 Madagascar 8.71 trillion current LCU compare
- 22 Angola 7.89 trillion current LCU compare
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 tax revenue in Mongolia?
- Tax revenue in Mongolia was 13.60 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Mongolia?
- The highest recorded value was 13.60 trillion current LCU in 2024.
- What is the lowest tax revenue recorded in Mongolia?
- The lowest recorded value was 6.22 billion current LCU in 1992.
- How does Mongolia rank for tax revenue?
- Mongolia ranks 19th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Mongolia?
- Over the last ten years it is up 374.1%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.