Mongolia: Taxes on exports (current LCU)

Key figures

What the numbers say

In 2024, Mongolia's taxes on exports (current LCU) fell 45.2% on 2023 (from 39.79 million to 21.8 million).

Across the 22 yearly changes before that (1997 to 2023), the average change was +74.5% and a typical year strayed about 327% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 1,482.1% in 2020 and the biggest yearly fall was 99% in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 12% of the movement over 9 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Mongolia had the 19th highest value of the 25 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Mongolia in the 2024 ranking

• Bahamas, The — 16th of 25: 246.54 million
• Kyrgyz Republic — 17th of 25: 39.6 million
• Thailand — 18th of 25: 23.14 million
• Fiji — 20th of 25: 10.1 million
• Brazil — 21st of 25: 5.84 million
• Ethiopia — 22nd of 25: 4.68 million

What this measures

Export taxes are taxes on goods or services that become payable to government when the goods leave the economic territory or when the services are delivered to non-residents. 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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 26 values

Taxes on exports (current LCU) in nearby economies

• Australia — 11 million (2017)
• Cambodia — 131.58 billion (2023)
• Fiji — 10.1 million (2024)
• Lao PDR — 414.42 billion (2022)
• Malaysia — 2.09 billion (2024)
• Papua New Guinea — 299.75 million (2024)
• Solomon Islands — 347.6 million (2024)
• Thailand — 23.14 million (2024)
• Vanuatu — 1.98 million (2023)

More public sector data for Mongolia

• Military expenditure (current LCU) — 784.57 billion (2025)
• Military expenditure (% of GDP) — 0.88% (2025)
• Military expenditure (% of general government expenditure) — 2.47% (2025)
• Arms imports (SIPRI trend indicator values) — 3 million (2022)
• Military expenditure (current USD) — 221.32 million (2025)
• Armed forces personnel, total — 18,000 (2020)
• Net acquisition of financial assets (current LCU) — 1.88 trillion (2024)
• Net acquisition of financial assets (% of GDP) — 2.34% (2024)
• Net incurrence of liabilities, total (current LCU) — 420.26 billion (2024)

Reading data like this

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Questions people ask

What is Mongolia's taxes on exports (current LCU)?

21.8 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1996?

It is down 97.91% from 1.04 billion in 1996 (12.9% a year on average, compounded). The highest value was 8.78 billion in 2008 and the lowest 6.77 million in 2019.

How does Mongolia rank?

19th highest of 25 economies with data for 2024.

Is the latest change in taxes on exports (current LCU) unusual for Mongolia?

In 2024, Mongolia's taxes on exports (current LCU) fell 45.2% on 2023 (from 39.79 million to 21.8 million). Across the 22 yearly changes before that (1997 to 2023), the average change was +74.5% and a typical year strayed about 327% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.TAX.EXPT.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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