Military spending per armed forces personnel in Mongolia

Mongolia: Military spending per armed forces personnel was 6,385 constant 2024 US$ in 2020. ▲ Rising

Latest (2020)
6,385 constant 2024 US$
Change on year
up 3.5%
World rank
138th
of 160 countries
All-time high
6,385 constant 2024 US$
in 2020
All-time low
1,322 constant 2024 US$
in 1996
Years of data
31
1990–2020

Military spending per armed forces personnel in Mongolia, 1990–2020

2.0k4.0k6.0k1990200520201990: 4.7k constant 2024 US$1991: 3.3k constant 2024 US$1992: 2.1k constant 2024 US$1993: 2.4k constant 2024 US$1994: 2.1k constant 2024 US$1995: 1.7k constant 2024 US$1996: 1.3k constant 2024 US$1997: 2.7k constant 2024 US$1998: 2.5k constant 2024 US$1999: 2.6k constant 2024 US$2000: 3.3k constant 2024 US$2001: 3.1k constant 2024 US$2002: 3.3k constant 2024 US$2003: 3.3k constant 2024 US$2004: 3.7k constant 2024 US$2005: 3.4k constant 2024 US$2006: 4.2k constant 2024 US$2007: 5.4k constant 2024 US$2008: 4.7k constant 2024 US$2009: 3.0k constant 2024 US$2010: 3.8k constant 2024 US$2011: 5.1k constant 2024 US$2012: 6.3k constant 2024 US$2013: 5.7k constant 2024 US$2014: 6.2k constant 2024 US$2015: 6.1k constant 2024 US$2016: 6.3k constant 2024 US$2017: 6.0k constant 2024 US$2018: 5.9k constant 2024 US$2019: 6.2k constant 2024 US$2020: 6.4k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

Mongolia recorded 6,385 constant 2024 US$ for military spending per armed forces personnel in 2020. That is the highest value across all 31 years on record.

Compared with earlier readings it is up 3.5% on the previous year and up 69.9% over ten years.

Over the whole period, military spending per armed forces personnel in Mongolia peaked at 6,385 constant 2024 US$ in 2020 and was at its lowest, 1,322 constant 2024 US$, in 1996.

Mongolia ranks 138th of 160 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 31 years of available data.

Military spending per armed forces personnel in Mongolia, year by year

Annual values for Military spending per armed forces personnel in Mongolia, 1990 to 2020.
Year constant 2024 US$ Change
1990 4,680 constant 2024 US$
1991 3,285 constant 2024 US$ -29.8%
1992 2,139 constant 2024 US$ -34.9%
1993 2,374 constant 2024 US$ +11.0%
1994 2,065 constant 2024 US$ -13.0%
1995 1,686 constant 2024 US$ -18.4%
1996 1,322 constant 2024 US$ -21.6%
1997 2,713 constant 2024 US$ +105.2%
1998 2,467 constant 2024 US$ -9.1%
1999 2,630 constant 2024 US$ +6.6%
2000 3,343 constant 2024 US$ +27.1%
2001 3,056 constant 2024 US$ -8.6%
2002 3,349 constant 2024 US$ +9.6%
2003 3,266 constant 2024 US$ -2.5%
2004 3,747 constant 2024 US$ +14.7%
2005 3,403 constant 2024 US$ -9.2%
2006 4,168 constant 2024 US$ +22.5%
2007 5,444 constant 2024 US$ +30.6%
2008 4,707 constant 2024 US$ -13.5%
2009 3,006 constant 2024 US$ -36.1%
2010 3,758 constant 2024 US$ +25.0%
2011 5,136 constant 2024 US$ +36.7%
2012 6,283 constant 2024 US$ +22.3%
2013 5,713 constant 2024 US$ -9.1%
2014 6,168 constant 2024 US$ +8.0%
2015 6,119 constant 2024 US$ -0.8%
2016 6,265 constant 2024 US$ +2.4%
2017 6,030 constant 2024 US$ -3.7%
2018 5,861 constant 2024 US$ -2.8%
2019 6,169 constant 2024 US$ +5.2%
2020 6,385 constant 2024 US$ +3.5%

Mongolia compared with similar countries

  • Mongolia's 6,385 constant 2024 US$ is below the median for upper middle income countries, which is 19,504 constant 2024 US$, 33% of the median. (46 countries reporting)
  • Mongolia's 6,385 constant 2024 US$ is below the median for East Asia & Pacific, which is 23,831 constant 2024 US$, 27% of the median. (19 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 2,536 constant 2024 US$ 1,322 constant 2024 US$ 4,680 constant 2024 US$ 10
2000s 3,749 constant 2024 US$ 3,006 constant 2024 US$ 5,444 constant 2024 US$ 10
2010s 5,750 constant 2024 US$ 3,758 constant 2024 US$ 6,283 constant 2024 US$ 10
2020s 6,385 constant 2024 US$ 6,385 constant 2024 US$ 6,385 constant 2024 US$ 1

Countries ranked near Mongolia

  1. 135 Nigeria 6,824 constant 2024 US$ compare
  2. 136 Mauritius 6,655 constant 2024 US$ compare
  3. 137 Malawi 6,405 constant 2024 US$ compare
  4. 139 Benin 6,087 constant 2024 US$ compare
  5. 140 Belarus 5,738 constant 2024 US$ compare
  6. 141 Tajikistan 5,405 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Mongolia

All data for Mongolia →

Frequently asked questions

What is military spending per armed forces personnel in Mongolia?
Military spending per armed forces personnel in Mongolia was 6,385 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Mongolia?
The highest recorded value was 6,385 constant 2024 US$ in 2020.
What is the lowest military spending per armed forces personnel recorded in Mongolia?
The lowest recorded value was 1,322 constant 2024 US$ in 1996.
How does Mongolia rank for military spending per armed forces personnel?
Mongolia ranks 138th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Mongolia?
Over the last ten years it is up 69.9%. The long-run trend across the full record is rising.
Where does this Mongolia data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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Military spending per armed forces personnel in Mongolia. Statizoid, drawing on Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/military-spending-per-armed-forces-personnel/mongolia/

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About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.