Taxes on goods and services in Mongolia
Mongolia: Taxes on goods and services was 10.7% in 2024. ▲ Rising
Taxes on goods and services in Mongolia, 1992–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
The most recent figure for taxes on goods and services in Mongolia is 10.7%, measured in 2024.
The figure is up 6.8% on the previous year and down 2.6% over ten years.
Over the whole period, taxes on goods and services in Mongolia peaked at 17.5% in 2006 and was at its lowest, 5.6%, in 1994.
That places Mongolia 71st out of 154 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Taxes on goods and services in Mongolia, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 1992 | 7.0% | — |
| 1993 | 7.5% | +6.9% |
| 1994 | 5.6% | -24.7% |
| 1996 | 6.6% | +17.5% |
| 1997 | 8.1% | +23.1% |
| 1998 | 10.1% | +23.8% |
| 1999 | 12.6% | +24.7% |
| 2000 | 14.5% | +15.8% |
| 2001 | 16.3% | +11.9% |
| 2002 | 12.8% | -21.6% |
| 2003 | 15.9% | +24.4% |
| 2006 | 17.5% | +10.2% |
| 2007 | 11.0% | -36.9% |
| 2008 | 11.1% | +0.9% |
| 2009 | 11.9% | +6.9% |
| 2010 | 11.2% | -5.4% |
| 2011 | 14.2% | +26.0% |
| 2012 | 12.7% | -10.3% |
| 2013 | 13.6% | +6.9% |
| 2014 | 10.9% | -19.4% |
| 2015 | 9.6% | -12.3% |
| 2016 | 9.8% | +1.8% |
| 2017 | 10.0% | +2.0% |
| 2018 | 12.0% | +20.6% |
| 2019 | 11.7% | -2.4% |
| 2020 | 10.6% | -9.8% |
| 2021 | 12.5% | +17.5% |
| 2022 | 11.8% | -5.3% |
| 2023 | 10.0% | -15.4% |
| 2024 | 10.7% | +6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.2% | 5.6% | 12.6% | 7 |
| 2000s | 13.9% | 11.0% | 17.5% | 8 |
| 2010s | 11.6% | 9.6% | 14.2% | 10 |
| 2020s | 11.1% | 10.0% | 12.5% | 5 |
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 taxes on goods and services in Mongolia?
- Taxes on goods and services in Mongolia was 10.7% 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 17.5% in 2006.
- What is the lowest taxes on goods and services recorded in Mongolia?
- The lowest recorded value was 5.6% in 1994.
- How does Mongolia rank for taxes on goods and services?
- Mongolia ranks 71st out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Mongolia?
- Over the last ten years it is down 2.6%. 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 Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
Download this data
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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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.