Military spending, annual growth rate in Mongolia

Mongolia: Military spending, annual growth rate was 12.19 % change on previous year in 2023. ◆ Volatile

Latest (2023)
12.19 % change on previous year
Change on year
up 433.3%
World rank
28th
of 172 countries
All-time high
192.94 % change on previous year
in 1952
All-time low
-80.13 % change on previous year
in 1993
Years of data
102
1922–2023

Military spending, annual growth rate in Mongolia, 1922–2023

-1000100200192219722023

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

In 2023, military spending, annual growth rate in Mongolia stood at 12.19 % change on previous year.

Compared with earlier readings it is up 433.3% on the previous year and up 55.1% over ten years.

Over the whole period, military spending, annual growth rate in Mongolia peaked at 192.94 % change on previous year in 1952 and was at its lowest, -80.13 % change on previous year, in 1993.

That places Mongolia 28th out of 172 countries with data for 2023, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Military spending, annual growth rate in Mongolia, year by year

Annual values for Military spending, annual growth rate in Mongolia, 1922 to 2023.
Year % change on previous year Change
1922 5.4 % change on previous year
1923 -5.01 % change on previous year -192.7%
1924 4.9 % change on previous year -197.8%
1925 8.72 % change on previous year +78.0%
1926 8.21 % change on previous year -5.8%
1927 9.65 % change on previous year +17.6%
1928 3.01 % change on previous year -68.9%
1929 4.33 % change on previous year +44.1%
1930 10.87 % change on previous year +150.9%
1931 5.9 % change on previous year -45.7%
1932 0.6936 % change on previous year -88.2%
1933 2.46 % change on previous year +254.1%
1934 25.31 % change on previous year +930.6%
1935 21.58 % change on previous year -14.8%
1936 23.11 % change on previous year +7.1%
1937 17.12 % change on previous year -25.9%
1938 22.85 % change on previous year +33.5%
1939 4.53 % change on previous year -80.2%
1940 12.45 % change on previous year +175.0%
1941 0.0278 % change on previous year -99.8%
1942 -4.57 % change on previous year -16548.2%
1943 0.8165 % change on previous year -117.9%
1944 9.38 % change on previous year +1048.9%
1945 16.02 % change on previous year +70.8%
1946 -14.45 % change on previous year -190.2%
1947 -10.04 % change on previous year -30.5%
1948 -7.87 % change on previous year -21.6%
1949 -74.41 % change on previous year +845.0%
1950 -10.2 % change on previous year -86.3%
1951 0.6075 % change on previous year -106.0%
1952 192.94 % change on previous year +31661.1%
1953 -2.01 % change on previous year -101.0%
1954 -17.92 % change on previous year +791.1%
1955 5.25 % change on previous year -129.3%
1956 -6.41 % change on previous year -222.1%
1957 11.63 % change on previous year -281.5%
1958 -29.17 % change on previous year -350.8%
1959 -17.98 % change on previous year -38.4%
1960 -6.69 % change on previous year -62.8%
1961 8.14 % change on previous year -221.7%
1962 3.71 % change on previous year -54.4%
1963 -0.2609 % change on previous year -107.0%
1964 12.26 % change on previous year -4797.6%
1965 -1.4 % change on previous year -111.4%
1966 -8.83 % change on previous year +529.7%
1967 7.87 % change on previous year -189.2%
1968 17.79 % change on previous year +126.1%
1969 17.51 % change on previous year -1.6%
1970 13.95 % change on previous year -20.3%
1971 6.6 % change on previous year -52.7%
1972 9.08 % change on previous year +37.7%
1973 4.21 % change on previous year -53.6%
1974 24.96 % change on previous year +492.6%
1975 8.7 % change on previous year -65.1%
1976 17.05 % change on previous year +95.9%
1977 5.08 % change on previous year -70.2%
1978 -2.02 % change on previous year -139.8%
1979 5.52 % change on previous year -373.0%
1980 -3.37 % change on previous year -161.1%
1981 6.86 % change on previous year -303.3%
1982 14.14 % change on previous year +106.2%
1983 -9.13 % change on previous year -164.6%
1984 -4.9 % change on previous year -46.4%
1985 -13.62 % change on previous year +178.1%
1986 19.72 % change on previous year -244.8%
1987 6.63 % change on previous year -66.4%
1988 -2.1 % change on previous year -131.6%
1989 -5.51 % change on previous year +162.8%
1990 -23.29 % change on previous year +322.6%
1991 -25.62 % change on previous year +10.0%
1992 -21.75 % change on previous year -15.1%
1993 -80.13 % change on previous year +268.5%
1994 -13.17 % change on previous year -83.6%
1995 -1.02 % change on previous year -92.3%
1996 -11.54 % change on previous year +1030.3%
1997 8.51 % change on previous year -173.7%
1998 -3.12 % change on previous year -136.6%
1999 0.8393 % change on previous year -126.9%
2000 6.91 % change on previous year +723.7%
2001 6.49 % change on previous year -6.1%
2002 -3.86 % change on previous year -159.5%
2003 -25.3 % change on previous year +555.9%
2004 10.36 % change on previous year -140.9%
2005 17.13 % change on previous year +65.4%
2006 33.3 % change on previous year +94.4%
2007 23.33 % change on previous year -29.9%
2008 8.23 % change on previous year -64.7%
2009 -9.16 % change on previous year -211.3%
2010 14.63 % change on previous year -259.7%
2011 51.18 % change on previous year +249.9%
2012 22.88 % change on previous year -55.3%
2013 7.86 % change on previous year -65.7%
2014 -6.37 % change on previous year -181.1%
2015 -4.14 % change on previous year -35.0%
2016 6.12 % change on previous year -247.7%
2017 -6.56 % change on previous year -207.1%
2018 5.69 % change on previous year -186.8%
2019 9.11 % change on previous year +59.9%
2020 -0.3022 % change on previous year -103.3%
2021 0.1639 % change on previous year -154.2%
2022 2.29 % change on previous year +1294.1%
2023 12.19 % change on previous year +433.3%

Mongolia compared with similar countries

  • Mongolia's 12.19 % change on previous year is above the median for upper middle income countries, which is 5.16 % change on previous year, 2.4× the median. (49 countries reporting)
  • Mongolia's 12.19 % change on previous year is above the median for East Asia & Pacific, which is 3.33 % change on previous year, 3.7× the median. (20 countries reporting)

Biggest year-on-year movements

Years where Military spending, annual growth rate 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.

YearChange FromTo
1952 +31661.1% 0.6075 % change on previous year 192.94 % change on previous year
1942 -16548.2% 0.0278 % change on previous year -4.57 % change on previous year
1964 +4797.6% -0.2609 % change on previous year 12.26 % change on previous year
2022 +1294.1% 0.1639 % change on previous year 2.29 % change on previous year

Averages by decade

DecadeAverage LowestHighest Years
1920s 4.9 % change on previous year -5.01 % change on previous year 9.65 % change on previous year 8
1930s 13.44 % change on previous year 0.6936 % change on previous year 25.31 % change on previous year 10
1940s -7.26 % change on previous year -74.41 % change on previous year 16.02 % change on previous year 10
1950s 12.67 % change on previous year -29.17 % change on previous year 192.94 % change on previous year 10
1960s 5.01 % change on previous year -8.83 % change on previous year 17.79 % change on previous year 10
1970s 9.31 % change on previous year -2.02 % change on previous year 24.96 % change on previous year 10
1980s 0.8731 % change on previous year -13.62 % change on previous year 19.72 % change on previous year 10
1990s -17.03 % change on previous year -80.13 % change on previous year 8.51 % change on previous year 10
2000s 6.74 % change on previous year -25.3 % change on previous year 33.3 % change on previous year 10
2010s 10.04 % change on previous year -6.56 % change on previous year 51.18 % change on previous year 10
2020s 3.58 % change on previous year -0.3022 % change on previous year 12.19 % change on previous year 4

Countries ranked near Mongolia

  1. 25 Austria 12.59 % change on previous year compare
  2. 26 Niger 12.39 % change on previous year compare
  3. 27 Lithuania 12.27 % change on previous year compare
  4. 29 Qatar 12.17 % change on previous year compare
  5. 30 Russia 12 % change on previous year compare
  6. 31 Bulgaria 11.94 % change on previous year compare

See the full ranking of 172 places →

More reference data data for Mongolia

All data for Mongolia →

Frequently asked questions

What is military spending, annual growth rate in Mongolia?
Military spending, annual growth rate in Mongolia was 12.19 % change on previous year in 2023, according to Statizoid (derived).
What is the highest military spending, annual growth rate recorded in Mongolia?
The highest recorded value was 192.94 % change on previous year in 1952.
What is the lowest military spending, annual growth rate recorded in Mongolia?
The lowest recorded value was -80.13 % change on previous year in 1993.
How does Mongolia rank for military spending, annual growth rate?
Mongolia ranks 28th out of 172 countries with data for 2023.
Is military spending, annual growth rate rising or falling in Mongolia?
Over the last ten years it is up 55.1%. The long-run trend across the full record is volatile.
Where does this Mongolia data come from?
The figures come from Statizoid (derived), published as part of Military spending, annual growth rate. Statizoid updates them automatically from the source API.

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Military spending, annual growth rate in Mongolia. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/military-spending-annual-growth-rate-2/mongolia/

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How this figure is calculated

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Military spending, annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
172 places, 15,188 data points, 1817–2023
Last refreshed

The year-on-year percentage change in Military spending. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.