Taxes on goods and services (% of revenue) in Mongolia
Mongolia: Taxes on goods and services (% of revenue) was 25.9% in 2024. ▬ Flat
Taxes on goods and services in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Mongolia recorded 25.9% for taxes on goods and services in 2024.
Compared with earlier readings it is up 12.2% on the previous year and down 20.5% over ten years.
Over the whole period, taxes on goods and services in Mongolia peaked at 40.0% in 2001 and was at its lowest, 20.4%, in 2007.
Mongolia ranks 102nd of 156 countries on this measure, in the middle of the range.
Taxes on goods and services (% of revenue) in Mongolia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1992 | 27.1% | — |
| 1993 | 23.4% | -13.8% |
| 1994 | 22.1% | -5.6% |
| 1996 | 21.7% | -1.5% |
| 1997 | 27.7% | +27.6% |
| 1998 | 31.8% | +14.7% |
| 1999 | 39.6% | +24.7% |
| 2000 | 36.0% | -9.1% |
| 2001 | 40.0% | +11.1% |
| 2002 | 33.9% | -15.4% |
| 2003 | 35.4% | +4.5% |
| 2006 | 33.4% | -5.7% |
| 2007 | 20.4% | -38.8% |
| 2008 | 25.3% | +23.7% |
| 2009 | 30.2% | +19.3% |
| 2010 | 28.5% | -5.4% |
| 2011 | 36.2% | +27.0% |
| 2012 | 35.7% | -1.5% |
| 2013 | 36.2% | +1.5% |
| 2014 | 32.6% | -10.0% |
| 2015 | 31.5% | -3.4% |
| 2016 | 34.3% | +8.9% |
| 2017 | 30.9% | -9.8% |
| 2018 | 31.6% | +2.4% |
| 2019 | 27.1% | -14.4% |
| 2020 | 27.3% | +0.9% |
| 2021 | 30.9% | +13.3% |
| 2022 | 24.9% | -19.4% |
| 2023 | 23.1% | -7.3% |
| 2024 | 25.9% | +12.2% |
Mongolia compared with similar countries
- Mongolia's 25.9% is below the median for upper middle income countries, which is 34.9%, 74% of the median. (48 countries reporting)
- Mongolia's 25.9% is above the median for East Asia & Pacific, which is 25.7%, 1.0× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.6% | 21.7% | 39.6% | 7 |
| 2000s | 31.8% | 20.4% | 40.0% | 8 |
| 2010s | 32.5% | 27.1% | 36.2% | 10 |
| 2020s | 26.4% | 23.1% | 30.9% | 5 |
Countries ranked near Mongolia
- 99 Netherlands 26.3% compare
- 100 Ukraine 26.2% compare
- 101 Egypt 26.1% compare
- 103 Guinea-Bissau 25.8% compare
- 104 Eswatini 25.8% compare
- 105 Costa Rica 25.6% 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 taxes on goods and services in Mongolia?
- Taxes on goods and services in Mongolia was 25.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Mongolia?
- The highest recorded value was 40.0% in 2001.
- What is the lowest taxes on goods and services recorded in Mongolia?
- The lowest recorded value was 20.4% in 2007.
- How does Mongolia rank for taxes on goods and services?
- Mongolia ranks 102nd out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Mongolia?
- Over the last ten years it is down 20.5%. 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 Taxes on goods and services (% of revenue). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.