Subsidies and other transfers in Mongolia
Mongolia: Subsidies and other transfers was 72.3% in 2021. ▬ Flat
Subsidies and other transfers in Mongolia, 1992–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2021, subsidies and other transfers in Mongolia stood at 72.3%. That is the highest value across all 28 years on record.
Compared with earlier readings it is up 14.5% on the previous year and up 47.7% over ten years.
Over the whole period, subsidies and other transfers in Mongolia peaked at 72.3% in 2021 and was at its lowest, 30.6%, in 2003.
Mongolia ranks 9th of 152 countries on this measure, in the top 10%.
Subsidies and other transfers in Mongolia, year by year
| Year | % of expense | Change |
|---|---|---|
| 1992 | 60.8% | — |
| 1993 | 63.6% | +4.5% |
| 1994 | 55.6% | -12.5% |
| 1995 | 55.8% | +0.4% |
| 1996 | 56.4% | +1.1% |
| 1997 | 51.1% | -9.4% |
| 1998 | 54.5% | +6.7% |
| 1999 | 53.4% | -2.2% |
| 2000 | 55.9% | +4.7% |
| 2001 | 52.9% | -5.4% |
| 2002 | 51.9% | -1.8% |
| 2003 | 30.6% | -41.0% |
| 2006 | 46.9% | +53.2% |
| 2007 | 36.4% | -22.4% |
| 2008 | 40.0% | +9.7% |
| 2009 | 44.6% | +11.5% |
| 2010 | 42.0% | -5.8% |
| 2011 | 48.9% | +16.6% |
| 2012 | 48.7% | -0.5% |
| 2013 | 60.9% | +25.1% |
| 2014 | 53.0% | -12.9% |
| 2015 | 53.4% | +0.8% |
| 2016 | 54.7% | +2.4% |
| 2017 | 51.2% | -6.4% |
| 2018 | 54.9% | +7.1% |
| 2019 | 60.3% | +10.0% |
| 2020 | 63.2% | +4.7% |
| 2021 | 72.3% | +14.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 56.4% | 51.1% | 63.6% | 8 |
| 2000s | 44.9% | 30.6% | 55.9% | 8 |
| 2010s | 52.8% | 42.0% | 60.9% | 10 |
| 2020s | 67.7% | 63.2% | 72.3% | 2 |
Countries ranked near Mongolia
More public sector data for Mongolia
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 3.00 million SIPRI trend indicator values (2022)
- Military expenditure (current USD), per capita 51.31 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0076 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 62.24 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 180.84 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 1.93 SIPRI trend indicator values per square kilometre (2022)
Frequently asked questions
- What is subsidies and other transfers in Mongolia?
- Subsidies and other transfers in Mongolia was 72.3% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Mongolia?
- The highest recorded value was 72.3% in 2021.
- What is the lowest subsidies and other transfers recorded in Mongolia?
- The lowest recorded value was 30.6% in 2003.
- How does Mongolia rank for subsidies and other transfers?
- Mongolia ranks 9th out of 152 countries with data for 2021.
- Is subsidies and other transfers rising or falling in Mongolia?
- Over the last ten years it is up 47.7%. The long-run trend across the full record is flat.
- 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.