Taxes on income, profits and capital gains (current LCU) in Mongolia
Mongolia: Taxes on income, profits and capital gains (current LCU) was 4.45 trillion current LCU in 2024. ◆ Volatile
Taxes on income, profits and capital gains 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 taxes on income, profits and capital gains in Mongolia is 4.45 trillion current LCU, measured in 2024. That is the highest value across all 31 years on record.
That represents a change of up 58.5% on the previous year and up 616.6% over ten years.
Over the whole period, taxes on income, profits and capital gains in Mongolia peaked at 4.45 trillion current LCU in 2024 and was at its lowest, 2.09 billion current LCU, in 1992.
Mongolia ranks 19th of 153 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains (current LCU) in Mongolia, year by year
| Year | current LCU | Change |
|---|---|---|
| 1992 | 2.09 billion current LCU | — |
| 1993 | 21.98 billion current LCU | +952.4% |
| 1994 | 21.16 billion current LCU | -3.7% |
| 1995 | 34.48 billion current LCU | +62.9% |
| 1996 | 29.15 billion current LCU | -15.5% |
| 1997 | 42.23 billion current LCU | +44.9% |
| 1998 | 18.96 billion current LCU | -55.1% |
| 1999 | 13.84 billion current LCU | -27.0% |
| 2000 | 35.83 billion current LCU | +158.8% |
| 2001 | 27.88 billion current LCU | -22.2% |
| 2002 | 45.96 billion current LCU | +64.9% |
| 2003 | 93.09 billion current LCU | +102.5% |
| 2006 | 539.88 billion current LCU | +479.9% |
| 2007 | 282.88 billion current LCU | -47.6% |
| 2008 | 743.71 billion current LCU | +162.9% |
| 2009 | 391.93 billion current LCU | -47.3% |
| 2010 | 813.75 billion current LCU | +107.6% |
| 2011 | 601.48 billion current LCU | -26.1% |
| 2012 | 524.38 billion current LCU | -12.8% |
| 2013 | 660.16 billion current LCU | +25.9% |
| 2014 | 621.24 billion current LCU | -5.9% |
| 2015 | 688.50 billion current LCU | +10.8% |
| 2016 | 519.96 billion current LCU | -24.5% |
| 2017 | 962.14 billion current LCU | +85.0% |
| 2018 | 1.60 trillion current LCU | +66.4% |
| 2019 | 2.03 trillion current LCU | +26.8% |
| 2020 | 1.40 trillion current LCU | -30.9% |
| 2021 | 2.22 trillion current LCU | +58.2% |
| 2022 | 2.33 trillion current LCU | +5.0% |
| 2023 | 2.81 trillion current LCU | +20.4% |
| 2024 | 4.45 trillion current LCU | +58.5% |
Mongolia compared with similar countries
- Mongolia's 4.45 trillion current LCU is above the median for upper middle income countries, which is 135.99 billion current LCU, 32.7× the median. (48 countries reporting)
- Mongolia's 4.45 trillion current LCU is above the median for East Asia & Pacific, which is 52.92 billion current LCU, 84.1× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Taxes on income, profits and capital gains (current LCU) in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +952.4% | 2.09 billion current LCU | 21.98 billion current LCU |
| 2006 | +479.9% | 93.09 billion current LCU | 539.88 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.99 billion current LCU | 2.09 billion current LCU | 42.23 billion current LCU | 8 |
| 2000s | 270.15 billion current LCU | 27.88 billion current LCU | 743.71 billion current LCU | 8 |
| 2010s | 902.36 billion current LCU | 519.96 billion current LCU | 2.03 trillion current LCU | 10 |
| 2020s | 2.64 trillion current LCU | 1.40 trillion current LCU | 4.45 trillion current LCU | 5 |
Countries ranked near Mongolia
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 income, profits and capital gains in Mongolia?
- Taxes on income, profits and capital gains in Mongolia was 4.45 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Mongolia?
- The highest recorded value was 4.45 trillion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Mongolia?
- The lowest recorded value was 2.09 billion current LCU in 1992.
- How does Mongolia rank for taxes on income, profits and capital gains?
- Mongolia ranks 19th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Mongolia?
- Over the last ten years it is up 616.6%. 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 Taxes on income, profits and capital gains (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
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. 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.