Military spending in Mongolia
Mongolia: Military spending was 153.56 million constant 2022 US$ in 2023. ◆ Volatile
Latest (2023)
153.56 million constant 2022 US$
Change on year
up 12.2%
World rank
137th
of 172 countries
All-time high
527.84 million constant 2022 US$
in 1982
All-time low
27.21 million constant 2022 US$
in 2003
Years of data
103
1921–2023
Military spending in Mongolia, 1921–2023
Source: Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.
Analysis
In 2023, military spending in Mongolia stood at 153.56 million constant 2022 US$.
That represents a change of up 12.2% on the previous year and up 17.6% over ten years.
Over the whole period, military spending in Mongolia peaked at 527.84 million constant 2022 US$ in 1982 and was at its lowest, 27.21 million constant 2022 US$, in 2003.
Mongolia ranks 137th of 172 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Military spending in Mongolia, year by year
| Year | constant 2022 US$ | Change |
|---|---|---|
| 1921 | 70.84 million constant 2022 US$ | — |
| 1922 | 74.67 million constant 2022 US$ | +5.4% |
| 1923 | 70.93 million constant 2022 US$ | -5.0% |
| 1924 | 74.40 million constant 2022 US$ | +4.9% |
| 1925 | 80.89 million constant 2022 US$ | +8.7% |
| 1926 | 87.53 million constant 2022 US$ | +8.2% |
| 1927 | 95.98 million constant 2022 US$ | +9.7% |
| 1928 | 98.86 million constant 2022 US$ | +3.0% |
| 1929 | 103.14 million constant 2022 US$ | +4.3% |
| 1930 | 114.35 million constant 2022 US$ | +10.9% |
| 1931 | 121.10 million constant 2022 US$ | +5.9% |
| 1932 | 121.94 million constant 2022 US$ | +0.7% |
| 1933 | 124.94 million constant 2022 US$ | +2.5% |
| 1934 | 156.56 million constant 2022 US$ | +25.3% |
| 1935 | 190.35 million constant 2022 US$ | +21.6% |
| 1936 | 234.34 million constant 2022 US$ | +23.1% |
| 1937 | 274.45 million constant 2022 US$ | +17.1% |
| 1938 | 337.16 million constant 2022 US$ | +22.8% |
| 1939 | 352.43 million constant 2022 US$ | +4.5% |
| 1940 | 396.31 million constant 2022 US$ | +12.5% |
| 1941 | 396.42 million constant 2022 US$ | +0.0% |
| 1942 | 378.32 million constant 2022 US$ | -4.6% |
| 1943 | 381.41 million constant 2022 US$ | +0.8% |
| 1944 | 417.19 million constant 2022 US$ | +9.4% |
| 1945 | 484.03 million constant 2022 US$ | +16.0% |
| 1946 | 414.08 million constant 2022 US$ | -14.5% |
| 1947 | 372.50 million constant 2022 US$ | -10.0% |
| 1948 | 343.17 million constant 2022 US$ | -7.9% |
| 1949 | 87.80 million constant 2022 US$ | -74.4% |
| 1950 | 78.85 million constant 2022 US$ | -10.2% |
| 1951 | 79.33 million constant 2022 US$ | +0.6% |
| 1952 | 232.39 million constant 2022 US$ | +192.9% |
| 1953 | 227.72 million constant 2022 US$ | -2.0% |
| 1954 | 186.91 million constant 2022 US$ | -17.9% |
| 1955 | 196.72 million constant 2022 US$ | +5.2% |
| 1956 | 184.11 million constant 2022 US$ | -6.4% |
| 1957 | 205.52 million constant 2022 US$ | +11.6% |
| 1958 | 145.57 million constant 2022 US$ | -29.2% |
| 1959 | 119.39 million constant 2022 US$ | -18.0% |
| 1960 | 111.41 million constant 2022 US$ | -6.7% |
| 1961 | 120.48 million constant 2022 US$ | +8.1% |
| 1962 | 124.95 million constant 2022 US$ | +3.7% |
| 1963 | 124.62 million constant 2022 US$ | -0.3% |
| 1964 | 139.90 million constant 2022 US$ | +12.3% |
| 1965 | 137.94 million constant 2022 US$ | -1.4% |
| 1966 | 125.76 million constant 2022 US$ | -8.8% |
| 1967 | 135.66 million constant 2022 US$ | +7.9% |
| 1968 | 159.79 million constant 2022 US$ | +17.8% |
| 1969 | 187.77 million constant 2022 US$ | +17.5% |
| 1970 | 213.96 million constant 2022 US$ | +13.9% |
| 1971 | 228.07 million constant 2022 US$ | +6.6% |
| 1972 | 248.79 million constant 2022 US$ | +9.1% |
| 1973 | 259.27 million constant 2022 US$ | +4.2% |
| 1974 | 324.00 million constant 2022 US$ | +25.0% |
| 1975 | 352.20 million constant 2022 US$ | +8.7% |
| 1976 | 412.26 million constant 2022 US$ | +17.1% |
| 1977 | 433.22 million constant 2022 US$ | +5.1% |
| 1978 | 424.46 million constant 2022 US$ | -2.0% |
| 1979 | 447.89 million constant 2022 US$ | +5.5% |
| 1980 | 432.78 million constant 2022 US$ | -3.4% |
| 1981 | 462.45 million constant 2022 US$ | +6.9% |
| 1982 | 527.84 million constant 2022 US$ | +14.1% |
| 1983 | 479.66 million constant 2022 US$ | -9.1% |
| 1984 | 456.17 million constant 2022 US$ | -4.9% |
| 1985 | 394.05 million constant 2022 US$ | -13.6% |
| 1986 | 471.77 million constant 2022 US$ | +19.7% |
| 1987 | 503.06 million constant 2022 US$ | +6.6% |
| 1988 | 492.52 million constant 2022 US$ | -2.1% |
| 1989 | 465.38 million constant 2022 US$ | -5.5% |
| 1990 | 357.02 million constant 2022 US$ | -23.3% |
| 1991 | 265.56 million constant 2022 US$ | -25.6% |
| 1992 | 207.81 million constant 2022 US$ | -21.7% |
| 1993 | 41.29 million constant 2022 US$ | -80.1% |
| 1994 | 35.85 million constant 2022 US$ | -13.2% |
| 1995 | 35.49 million constant 2022 US$ | -1.0% |
| 1996 | 31.39 million constant 2022 US$ | -11.5% |
| 1997 | 34.06 million constant 2022 US$ | +8.5% |
| 1998 | 33.00 million constant 2022 US$ | -3.1% |
| 1999 | 33.28 million constant 2022 US$ | +0.8% |
| 2000 | 35.58 million constant 2022 US$ | +6.9% |
| 2001 | 37.89 million constant 2022 US$ | +6.5% |
| 2002 | 36.43 million constant 2022 US$ | -3.9% |
| 2003 | 27.21 million constant 2022 US$ | -25.3% |
| 2004 | 30.03 million constant 2022 US$ | +10.4% |
| 2005 | 35.17 million constant 2022 US$ | +17.1% |
| 2006 | 46.88 million constant 2022 US$ | +33.3% |
| 2007 | 57.82 million constant 2022 US$ | +23.3% |
| 2008 | 62.58 million constant 2022 US$ | +8.2% |
| 2009 | 56.85 million constant 2022 US$ | -9.2% |
| 2010 | 65.16 million constant 2022 US$ | +14.6% |
| 2011 | 98.52 million constant 2022 US$ | +51.2% |
| 2012 | 121.06 million constant 2022 US$ | +22.9% |
| 2013 | 130.57 million constant 2022 US$ | +7.9% |
| 2014 | 122.25 million constant 2022 US$ | -6.4% |
| 2015 | 117.19 million constant 2022 US$ | -4.1% |
| 2016 | 124.36 million constant 2022 US$ | +6.1% |
| 2017 | 116.20 million constant 2022 US$ | -6.6% |
| 2018 | 122.82 million constant 2022 US$ | +5.7% |
| 2019 | 134.00 million constant 2022 US$ | +9.1% |
| 2020 | 133.60 million constant 2022 US$ | -0.3% |
| 2021 | 133.82 million constant 2022 US$ | +0.2% |
| 2022 | 136.88 million constant 2022 US$ | +2.3% |
| 2023 | 153.56 million constant 2022 US$ | +12.2% |
Mongolia compared with similar countries
- Mongolia's 153.56 million constant 2022 US$ is below the median for upper middle income countries, which is 1.25 billion constant 2022 US$, 12% of the median. (49 countries reporting)
- Mongolia's 153.56 million constant 2022 US$ is below the median for East Asia & Pacific, which is 4.15 billion constant 2022 US$, 4% of the median. (20 countries reporting)
Biggest year-on-year movements
Years where Military spending in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1952 | +192.9% | 79.33 million constant 2022 US$ | 232.39 million constant 2022 US$ |
| 1993 | -80.1% | 207.81 million constant 2022 US$ | 41.29 million constant 2022 US$ |
| 1949 | -74.4% | 343.17 million constant 2022 US$ | 87.80 million constant 2022 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1920s | 84.14 million constant 2022 US$ | 70.84 million constant 2022 US$ | 103.14 million constant 2022 US$ | 9 |
| 1930s | 202.76 million constant 2022 US$ | 114.35 million constant 2022 US$ | 352.43 million constant 2022 US$ | 10 |
| 1940s | 367.13 million constant 2022 US$ | 87.80 million constant 2022 US$ | 484.03 million constant 2022 US$ | 10 |
| 1950s | 165.65 million constant 2022 US$ | 78.85 million constant 2022 US$ | 232.39 million constant 2022 US$ | 10 |
| 1960s | 136.83 million constant 2022 US$ | 111.41 million constant 2022 US$ | 187.77 million constant 2022 US$ | 10 |
| 1970s | 334.41 million constant 2022 US$ | 213.96 million constant 2022 US$ | 447.89 million constant 2022 US$ | 10 |
| 1980s | 468.57 million constant 2022 US$ | 394.05 million constant 2022 US$ | 527.84 million constant 2022 US$ | 10 |
| 1990s | 107.48 million constant 2022 US$ | 31.39 million constant 2022 US$ | 357.02 million constant 2022 US$ | 10 |
| 2000s | 42.64 million constant 2022 US$ | 27.21 million constant 2022 US$ | 62.58 million constant 2022 US$ | 10 |
| 2010s | 115.21 million constant 2022 US$ | 65.16 million constant 2022 US$ | 134.00 million constant 2022 US$ | 10 |
| 2020s | 139.46 million constant 2022 US$ | 133.60 million constant 2022 US$ | 153.56 million constant 2022 US$ | 4 |
Countries ranked near Mongolia
- 134 Equatorial Guinea 195.85 million constant 2022 US$ compare
- 135 Tajikistan 177.78 million constant 2022 US$ compare
- 136 Cuba 155.63 million constant 2022 US$ compare
- 138 Somalia 149.19 million constant 2022 US$ compare
- 139 Malawi 142.12 million constant 2022 US$ compare
- 140 Benin 140.87 million constant 2022 US$ compare
More reference data data for Mongolia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.8173 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 3.37 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 4.25 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0069 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 4.25 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 2.74 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 3.16 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 12.74 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 18.89 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0378 (2050)
Frequently asked questions
- What is military spending in Mongolia?
- Military spending in Mongolia was 153.56 million constant 2022 US$ in 2023, according to Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Mongolia?
- The highest recorded value was 527.84 million constant 2022 US$ in 1982.
- What is the lowest military spending recorded in Mongolia?
- The lowest recorded value was 27.21 million constant 2022 US$ in 2003.
- How does Mongolia rank for military spending?
- Mongolia ranks 137th out of 172 countries with data for 2023.
- Is military spending rising or falling in Mongolia?
- Over the last ten years it is up 17.6%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from Barnum et al. – Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 103 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.