Taxes on goods and services in Mongolia
Mongolia: Taxes on goods and services was 7.09 trillion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on goods and services in Mongolia stood at 7.09 trillion current LCU. That is the highest value across all 30 years on record.
That represents a change of up 25.2% on the previous year and up 276.9% over ten years.
Over the whole period, taxes on goods and services in Mongolia peaked at 7.09 trillion current LCU in 2024 and was at its lowest, 2.68 billion current LCU, in 1992.
Mongolia ranks 17th of 157 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 |
|---|---|---|---|---|
| 1990s | 34.14 billion current LCU | 2.68 billion current LCU | 80.67 billion current LCU | 7 |
| 2000s | 322.98 billion current LCU | 109.22 billion current LCU | 573.41 billion current LCU | 8 |
| 2010s | 2.01 trillion current LCU | 856.33 billion current LCU | 3.46 trillion current LCU | 10 |
| 2020s | 4.97 trillion current LCU | 3.08 trillion current LCU | 7.09 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 taxes on goods and services in Mongolia?
- Taxes on goods and services in Mongolia was 7.09 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Mongolia?
- The highest recorded value was 7.09 trillion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Mongolia?
- The lowest recorded value was 2.68 billion current LCU in 1992.
- How does Mongolia rank for taxes on goods and services?
- Mongolia ranks 17th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Mongolia?
- Over the last ten years it is up 276.9%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.