Social contributions in Mongolia
Mongolia: Social contributions was 5.28 trillion current LCU in 2024. ◆ Volatile
Social contributions 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 social contributions in Mongolia is 5.28 trillion current LCU, measured in 2024. That is the highest value across all 31 years on record.
The figure is up 27.1% on the previous year and up 362.2% over ten years.
Over the whole period, social contributions in Mongolia peaked at 5.28 trillion current LCU in 2024 and was at its lowest, 1.18 billion current LCU, in 1992.
That places Mongolia 11th out of 112 countries with data for 2024, putting it 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 | 19.31 billion current LCU | 1.18 billion current LCU | 38.98 billion current LCU | 8 |
| 2000s | 143.52 billion current LCU | 53.94 billion current LCU | 315.80 billion current LCU | 8 |
| 2010s | 1.20 trillion current LCU | 394.31 billion current LCU | 2.26 trillion current LCU | 10 |
| 2020s | 3.41 trillion current LCU | 1.87 trillion current LCU | 5.28 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 social contributions in Mongolia?
- Social contributions in Mongolia was 5.28 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Mongolia?
- The highest recorded value was 5.28 trillion current LCU in 2024.
- What is the lowest social contributions recorded in Mongolia?
- The lowest recorded value was 1.18 billion current LCU in 1992.
- How does Mongolia rank for social contributions?
- Mongolia ranks 11th out of 112 countries with data for 2024.
- Is social contributions rising or falling in Mongolia?
- Over the last ten years it is up 362.2%. 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.