Military expenditure in Mongolia
Mongolia: Military expenditure was 180.84 million current USD in 2024. ◆ Volatile
Latest (2024)
180.84 million current USD
Change on year
up 62.2%
World rank
132nd
of 168 countries
All-time high
180.84 million current USD
in 2024
All-time low
0 current USD
in 1987
Years of data
38
1987–2024
Military expenditure in Mongolia, 1987–2024
Source: SIPRI Military Expenditure Database, Stockholm International Peace Research Institute (SIPRI). Measured in current USD.
Analysis
Mongolia recorded 180.84 million current USD for military expenditure in 2024. That is the highest value across all 38 years on record.
The figure is up 62.2% on the previous year and up 72.0% over ten years.
Over the whole period, military expenditure in Mongolia peaked at 180.84 million current USD in 2024 and was at its lowest, 0 current USD, in 1987.
Mongolia ranks 132nd of 168 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military expenditure in Mongolia, year by year
| Year | current USD | Change |
|---|---|---|
| 1987 | 0 current USD | — |
| 1988 | 0 current USD | — |
| 1989 | 0 current USD | — |
| 1990 | 0 current USD | — |
| 1991 | 110.84 million current USD | — |
| 1992 | 33.04 million current USD | -70.2% |
| 1993 | 14.06 million current USD | -57.5% |
| 1994 | 16.39 million current USD | +16.6% |
| 1995 | 21.28 million current USD | +29.8% |
| 1996 | 21.61 million current USD | +1.5% |
| 1997 | 18.69 million current USD | -13.5% |
| 1998 | 19.92 million current USD | +6.6% |
| 1999 | 18.02 million current USD | -9.5% |
| 2000 | 24.27 million current USD | +34.6% |
| 2001 | 23.12 million current USD | -4.7% |
| 2002 | 25.28 million current USD | +9.3% |
| 2003 | 24.33 million current USD | -3.8% |
| 2004 | 27.75 million current USD | +14.0% |
| 2005 | 29.80 million current USD | +7.4% |
| 2006 | 39.19 million current USD | +31.5% |
| 2007 | 56.56 million current USD | +44.3% |
| 2008 | 66.75 million current USD | +18.0% |
| 2009 | 37.63 million current USD | -43.6% |
| 2010 | 54.86 million current USD | +45.8% |
| 2011 | 87.16 million current USD | +58.9% |
| 2012 | 113.62 million current USD | +30.4% |
| 2013 | 103.46 million current USD | -8.9% |
| 2014 | 105.11 million current USD | +1.6% |
| 2015 | 101.73 million current USD | -3.2% |
| 2016 | 96.37 million current USD | -5.3% |
| 2017 | 87.51 million current USD | -9.2% |
| 2018 | 88.16 million current USD | +0.7% |
| 2019 | 93.98 million current USD | +6.6% |
| 2020 | 95.59 million current USD | +1.7% |
| 2021 | 97.19 million current USD | +1.7% |
| 2022 | 89.80 million current USD | -7.6% |
| 2023 | 111.47 million current USD | +24.1% |
| 2024 | 180.84 million current USD | +62.2% |
Mongolia compared with similar countries
- Mongolia's 180.84 million current USD is below the median for upper middle income countries, which is 1.38 billion current USD, 13% of the median. (48 countries reporting)
- Mongolia's 180.84 million current USD is below the median for East Asia & Pacific, which is 4.66 billion current USD, 4% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 current USD | 0 current USD | 0 current USD | 3 |
| 1990s | 27.39 million current USD | 0 current USD | 110.84 million current USD | 10 |
| 2000s | 35.47 million current USD | 23.12 million current USD | 66.75 million current USD | 10 |
| 2010s | 93.20 million current USD | 54.86 million current USD | 113.62 million current USD | 10 |
| 2020s | 114.98 million current USD | 89.80 million current USD | 180.84 million current USD | 5 |
Countries ranked near Mongolia
- 129 Togo 195.35 million current USD compare
- 130 Congo 182.04 million current USD compare
- 131 Eritrea 181.58 million current USD compare
- 133 Rwanda 175.92 million current USD compare
- 134 Burundi 171.83 million current USD compare
- 135 Kosovo 165.56 million current USD compare
- 135 Kosovo (UNSCR 1244) 165.56 million current USD compare
More public sector data for Mongolia
- Democracy, 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)
- Elected parliament, 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)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is military expenditure in Mongolia?
- Military expenditure in Mongolia was 180.84 million current USD 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 180.84 million current USD in 2024.
- What is the lowest military expenditure recorded in Mongolia?
- The lowest recorded value was 0 current USD in 1987.
- How does Mongolia rank for military expenditure?
- Mongolia ranks 132nd out of 168 countries with data for 2024.
- Is military expenditure rising or falling in Mongolia?
- Over the last ten years it is up 72.0%. 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 USD). Statizoid updates them automatically from the source API.
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About this data
Military spending USD, in current prices (converted at the exchange rate for the given year)