Tax revenue (% of GDP) in Mongolia
Mongolia: Tax revenue (% of GDP) was 16.9% in 2024. ▲ Rising
Tax revenue in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for tax revenue in Mongolia is 16.9%, measured in 2024.
Compared with earlier readings it is up 17.9% on the previous year and up 30.6% over ten years.
Over the whole period, tax revenue in Mongolia peaked at 28.7% in 2006 and was at its lowest, 8.4%, in 1998.
That places Mongolia 79th out of 157 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Tax revenue (% of GDP) in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 11.1% | — |
| 1993 | 17.5% | +58.1% |
| 1994 | 11.3% | -35.4% |
| 1995 | 9.8% | -13.7% |
| 1996 | 9.6% | -1.8% |
| 1997 | 10.6% | +10.1% |
| 1998 | 8.4% | -20.9% |
| 1999 | 9.8% | +17.3% |
| 2000 | 13.9% | +41.9% |
| 2001 | 14.7% | +5.4% |
| 2002 | 13.4% | -8.8% |
| 2003 | 18.0% | +34.9% |
| 2006 | 28.7% | +59.2% |
| 2007 | 23.5% | -18.2% |
| 2008 | 21.7% | -7.8% |
| 2009 | 16.5% | -23.6% |
| 2010 | 19.6% | +18.5% |
| 2011 | 18.5% | -5.7% |
| 2012 | 15.3% | -17.1% |
| 2013 | 15.7% | +2.7% |
| 2014 | 12.9% | -18.0% |
| 2015 | 11.9% | -7.8% |
| 2016 | 11.4% | -4.6% |
| 2017 | 13.5% | +19.3% |
| 2018 | 16.7% | +23.2% |
| 2019 | 16.9% | +1.0% |
| 2020 | 14.1% | -16.1% |
| 2021 | 16.9% | +19.5% |
| 2022 | 15.8% | -6.7% |
| 2023 | 14.3% | -9.4% |
| 2024 | 16.9% | +17.9% |
Mongolia compared with similar countries
- Mongolia's 16.9% is below the median for upper middle income countries, which is 17.0%, 99% of the median. (48 countries reporting)
- Mongolia's 16.9% is above the median for East Asia & Pacific, which is 16.7%, 1.0× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.0% | 8.4% | 17.5% | 8 |
| 2000s | 18.8% | 13.4% | 28.7% | 8 |
| 2010s | 15.2% | 11.4% | 19.6% | 10 |
| 2020s | 15.6% | 14.1% | 16.9% | 5 |
Countries ranked near Mongolia
- 76 San Marino 17.3% compare
- 77 Marshall Islands 17.2% compare
- 78 Bolivia 17.0% compare
- 80 Trinidad and Tobago 16.8% compare
- 81 Vanuatu 16.5% compare
- 82 Romania 16.2% compare
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 tax revenue in Mongolia?
- Tax revenue in Mongolia was 16.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Mongolia?
- The highest recorded value was 28.7% in 2006.
- What is the lowest tax revenue recorded in Mongolia?
- The lowest recorded value was 8.4% in 1998.
- How does Mongolia rank for tax revenue?
- Mongolia ranks 79th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Mongolia?
- Over the last ten years it is up 30.6%. The long-run trend across the full record is rising.
- 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.