Deficit, Percent of own spending (Central government) in Mongolia
Mongolia: Deficit, Percent of own spending (Central government) was -0.2941 in 2020. ◆ Volatile
Deficit, Percent of own spending in Mongolia, 1992–2020
Source: International Monetary Fund.
Analysis
Mongolia recorded -0.2941 for deficit, percent of own spending in 2020.
That represents a change of down 836.1% on the previous year and down 461.9% over ten years.
Over the whole period, deficit, percent of own spending in Mongolia peaked at 0.5077 in 1993 and was at its lowest, -0.5933, in 2016.
That places Mongolia 34th out of 66 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Deficit, Percent of own spending (Central government) in Mongolia, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 0.2048 | — |
| 1993 | 0.5077 | +147.9% |
| 1994 | 0.3086 | -39.2% |
| 1995 | 0.5074 | +64.4% |
| 1996 | 0.2537 | -50.0% |
| 1997 | 0.0902 | -64.4% |
| 1998 | 0.0437 | -51.5% |
| 1999 | -0.1108 | -353.3% |
| 2000 | 0.1306 | -217.9% |
| 2001 | 0.1378 | +5.5% |
| 2002 | -0.1257 | -191.2% |
| 2003 | -0.0383 | -69.5% |
| 2006 | 0.2043 | -632.9% |
| 2007 | 0.2291 | +12.2% |
| 2008 | -0.1313 | -157.3% |
| 2009 | -0.1693 | +29.0% |
| 2010 | 0.0813 | -148.0% |
| 2011 | -0.1366 | -268.1% |
| 2012 | -0.2861 | +109.4% |
| 2013 | -0.127 | -55.6% |
| 2014 | -0.2032 | +60.0% |
| 2015 | -0.2602 | +28.0% |
| 2016 | -0.5933 | +128.0% |
| 2017 | -0.1974 | -66.7% |
| 2018 | 0.149 | -175.4% |
| 2019 | 0.04 | -73.2% |
| 2020 | -0.2941 | -836.1% |
Mongolia compared with similar countries
- Mongolia's -0.2941 is above the median for upper middle income countries, which is -0.3126, 94% of the median. (26 countries reporting)
- Mongolia's -0.2941 is below the median for East Asia & Pacific, which is -0.2172, 1.4× the median. (10 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.2257 | -0.1108 | 0.5077 | 8 |
| 2000s | 0.0296 | -0.1693 | 0.2291 | 8 |
| 2010s | -0.1534 | -0.5933 | 0.149 | 10 |
| 2020s | -0.2941 | -0.2941 | -0.2941 | 1 |
Countries ranked near Mongolia
More public sector data for Mongolia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 3.00 million SIPRI trend indicator values (2022)
- Arms imports (SIPRI trend indicator values), per capita 0.8737 SIPRI trend indicator values per person (2022)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2022)
- Arms imports (SIPRI trend indicator values), annual growth rate -88 % change on previous year (2022)
Frequently asked questions
- What is deficit, percent of own spending in Mongolia?
- Deficit, percent of own spending in Mongolia was -0.2941 in 2020, according to International Monetary Fund.
- What is the highest deficit, percent of own spending recorded in Mongolia?
- The highest recorded value was 0.5077 in 1993.
- What is the lowest deficit, percent of own spending recorded in Mongolia?
- The lowest recorded value was -0.5933 in 2016.
- How does Mongolia rank for deficit, percent of own spending?
- Mongolia ranks 34th out of 66 countries with data for 2020.
- Is deficit, percent of own spending rising or falling in Mongolia?
- Over the last ten years it is down 461.9%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund, published as part of Deficit, Percent of own spending (Central government). Statizoid updates them automatically from the source API.
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About this data
The Fiscal Decentralization dataset includes fiscal decentralization indicators for a sample of IMF member countries. The following indicators are included in the dataset: Revenue and Expenditure Decentralization Shares; Transfer dependency and Vertical Fiscal Imbalances; Deficit and Debt; Allocation of expenditure (economic classification); Allocation of expenditure (functional classification); Allocation of non-Tax Revenues; and Allocation of Taxes.