Military spending in Mongolia
Mongolia: Military spending was 153.56 million constant 2022 US$ in 2023. ◆ Volatile
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$, in 2003.
Mongolia ranks 137th of 172 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1920s | 84.14 million constant 2022 US$ | 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
- Spring temperature anomalies 1.18 °C (2026)
- Summer temperature anomalies -1.21 °C (2026)
- Temperature anomalies by month -0.0846 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.7275 °C (2025)
- Winter temperature anomalies 1.26 °C (2025)
- Consumer price index 319.47 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
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.
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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.