Military spending in Mongolia
Mongolia: Military spending was 213.76 million constant 2024 US$ in 2025. ▲ Rising
Latest (2025)
213.76 million constant 2024 US$
Change on year
up 19.1%
World rank
124th
of 162 countries
All-time high
213.76 million constant 2024 US$
in 2025
All-time low
37.17 million constant 2024 US$
in 1994
Years of data
36
1990–2025
Military spending in Mongolia, 1990–2025
Source: Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data. Measured in constant 2024 US$.
Analysis
The most recent figure for military spending in Mongolia is 213.76 million constant 2024 US$, measured in 2025. That is the highest value across all 36 years on record.
The figure is up 19.1% on the previous year and up 99.6% over ten years.
Over the whole period, military spending in Mongolia peaked at 213.76 million constant 2024 US$ in 2025 and was at its lowest, 37.17 million constant 2024 US$, in 1994.
Mongolia ranks 124th of 162 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Military spending in Mongolia, year by year
| Year | constant 2024 US$ | Change |
|---|---|---|
| 1990 | 149.77 million constant 2024 US$ | — |
| 1991 | 101.83 million constant 2024 US$ | -32.0% |
| 1992 | 44.92 million constant 2024 US$ | -55.9% |
| 1993 | 42.74 million constant 2024 US$ | -4.9% |
| 1994 | 37.17 million constant 2024 US$ | -13.0% |
| 1995 | 52.43 million constant 2024 US$ | +41.0% |
| 1996 | 44.30 million constant 2024 US$ | -15.5% |
| 1997 | 40.43 million constant 2024 US$ | -8.7% |
| 1998 | 41.93 million constant 2024 US$ | +3.7% |
| 1999 | 42.86 million constant 2024 US$ | +2.2% |
| 2000 | 54.49 million constant 2024 US$ | +27.1% |
| 2001 | 49.81 million constant 2024 US$ | -8.6% |
| 2002 | 54.59 million constant 2024 US$ | +9.6% |
| 2003 | 51.61 million constant 2024 US$ | -5.5% |
| 2004 | 56.21 million constant 2024 US$ | +8.9% |
| 2005 | 54.45 million constant 2024 US$ | -3.1% |
| 2006 | 66.69 million constant 2024 US$ | +22.5% |
| 2007 | 87.11 million constant 2024 US$ | +30.6% |
| 2008 | 80.03 million constant 2024 US$ | -8.1% |
| 2009 | 51.71 million constant 2024 US$ | -35.4% |
| 2010 | 64.64 million constant 2024 US$ | +25.0% |
| 2011 | 88.35 million constant 2024 US$ | +36.7% |
| 2012 | 108.06 million constant 2024 US$ | +22.3% |
| 2013 | 99.97 million constant 2024 US$ | -7.5% |
| 2014 | 107.94 million constant 2024 US$ | +8.0% |
| 2015 | 107.08 million constant 2024 US$ | -0.8% |
| 2016 | 109.64 million constant 2024 US$ | +2.4% |
| 2017 | 108.55 million constant 2024 US$ | -1.0% |
| 2018 | 103.74 million constant 2024 US$ | -4.4% |
| 2019 | 111.04 million constant 2024 US$ | +7.0% |
| 2020 | 114.93 million constant 2024 US$ | +3.5% |
| 2021 | 110.24 million constant 2024 US$ | -4.1% |
| 2022 | 97.50 million constant 2024 US$ | -11.6% |
| 2023 | 121.03 million constant 2024 US$ | +24.1% |
| 2024 | 179.45 million constant 2024 US$ | +48.3% |
| 2025 | 213.76 million constant 2024 US$ | +19.1% |
Mongolia compared with similar countries
- Mongolia's 213.76 million constant 2024 US$ is below the median for upper middle income countries, which is 1.62 billion constant 2024 US$, 13% of the median. (46 countries reporting)
- Mongolia's 213.76 million constant 2024 US$ is below the median for East Asia & Pacific, which is 4.65 billion constant 2024 US$, 5% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 59.84 million constant 2024 US$ | 37.17 million constant 2024 US$ | 149.77 million constant 2024 US$ | 10 |
| 2000s | 60.67 million constant 2024 US$ | 49.81 million constant 2024 US$ | 87.11 million constant 2024 US$ | 10 |
| 2010s | 100.90 million constant 2024 US$ | 64.64 million constant 2024 US$ | 111.04 million constant 2024 US$ | 10 |
| 2020s | 139.49 million constant 2024 US$ | 97.50 million constant 2024 US$ | 213.76 million constant 2024 US$ | 6 |
Countries ranked near Mongolia
- 121 Guyana 239.86 million constant 2024 US$ compare
- 122 Trinidad and Tobago 227.77 million constant 2024 US$ compare
- 123 Tajikistan 219.76 million constant 2024 US$ compare
- 125 Bosnia and Herzegovina 213.42 million constant 2024 US$ compare
- 126 Benin 203.74 million constant 2024 US$ compare
- 127 Rwanda 194.02 million constant 2024 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 213.76 million constant 2024 US$ in 2025, according to Stockholm International Peace Research Institute (2026) – with minor processing by Our World in Data.
- What is the highest military spending recorded in Mongolia?
- The highest recorded value was 213.76 million constant 2024 US$ in 2025.
- What is the lowest military spending recorded in Mongolia?
- The lowest recorded value was 37.17 million constant 2024 US$ in 1994.
- How does Mongolia rank for military spending?
- Mongolia ranks 124th out of 162 countries with data for 2025.
- Is military spending rising or falling in Mongolia?
- Over the last ten years it is up 99.6%. 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) – 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 — 36 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.