Taxes on income, profits and capital gains in Mongolia
Mongolia: Taxes on income, profits and capital gains was 16.3% 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 % of revenue.
Analysis
The most recent figure for taxes on income, profits and capital gains in Mongolia is 16.3%, measured in 2024.
That represents a change of up 42.0% on the previous year and up 51.2% over ten years.
Over the whole period, taxes on income, profits and capital gains in Mongolia peaked at 45.4% in 1993 and was at its lowest, 6.8%, in 1999.
Mongolia ranks 116th of 153 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains in Mongolia, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1992 | 21.1% | — |
| 1993 | 45.4% | +115.1% |
| 1994 | 32.8% | -27.8% |
| 1995 | 31.4% | -4.2% |
| 1996 | 23.5% | -25.3% |
| 1997 | 25.5% | +8.6% |
| 1998 | 10.6% | -58.5% |
| 1999 | 6.8% | -35.6% |
| 2000 | 11.8% | +73.7% |
| 2001 | 7.7% | -35.0% |
| 2002 | 11.4% | +48.5% |
| 2003 | 16.1% | +41.6% |
| 2006 | 35.4% | +119.4% |
| 2007 | 14.8% | -58.3% |
| 2008 | 36.5% | +147.6% |
| 2009 | 20.6% | -43.6% |
| 2010 | 27.1% | +31.6% |
| 2011 | 15.1% | -44.2% |
| 2012 | 11.4% | -24.9% |
| 2013 | 12.2% | +7.4% |
| 2014 | 10.8% | -11.8% |
| 2015 | 12.7% | +17.9% |
| 2016 | 9.6% | -24.1% |
| 2017 | 13.3% | +38.5% |
| 2018 | 16.6% | +24.5% |
| 2019 | 15.9% | -4.3% |
| 2020 | 12.5% | -21.6% |
| 2021 | 16.5% | +32.5% |
| 2022 | 12.0% | -27.3% |
| 2023 | 11.5% | -4.5% |
| 2024 | 16.3% | +42.0% |
Mongolia compared with similar countries
- Mongolia's 16.3% is below the median for upper middle income countries, which is 22.7%, 72% of the median. (48 countries reporting)
- Mongolia's 16.3% is below the median for East Asia & Pacific, which is 22.7%, 72% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.6% | 6.8% | 45.4% | 8 |
| 2000s | 19.3% | 7.7% | 36.5% | 8 |
| 2010s | 14.5% | 9.6% | 27.1% | 10 |
| 2020s | 13.7% | 11.5% | 16.5% | 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 income, profits and capital gains in Mongolia?
- Taxes on income, profits and capital gains in Mongolia was 16.3% 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 45.4% in 1993.
- What is the lowest taxes on income, profits and capital gains recorded in Mongolia?
- The lowest recorded value was 6.8% in 1999.
- How does Mongolia rank for taxes on income, profits and capital gains?
- Mongolia ranks 116th 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 51.2%. 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.