Mongolia: Military expenditure (% of GDP)
In , Mongolia's Military expenditure (% of GDP) was 0.74.
That's up 36.8% from 2023, the highest value since .
The global average for this indicator in 2024 was 2.20 . Mongolia ranks #124 globally out of 147 reporting countries. Within East Asia & Pacific, it ranks #16 of 17.
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS) • Data as of 2024
Trend (2005–2024)
Highlights
- Peak
- 1.05
- Trough
- 0.51
- 1-year change
- +36.8%
- 5-year change
- +12.2%
- +2.3% / yr
- 10-year change
- -13.7%
- -1.5% / yr
Historical Data — Last 10 Years
| Year | Military expenditure (% of GDP) |
|---|---|
| 0.7423 | |
| 0.5426 | |
| 0.5139 | |
| 0.6195 | |
| 0.7099 | |
| 0.6615 | |
| 0.6690 | |
| 0.7622 | |
| 0.8639 | |
| 0.8755 |
About Military expenditure (% of GDP)
Military expenditure by country as percentage of gross domestic product
Indicator code: MS.MIL.XPND.GD.ZS • Category: Public Sector
Frequently asked questions
- What was Mongolia's Military expenditure (% of GDP) in 2024?
- In 2024, Mongolia's Military expenditure (% of GDP) was 0.74, according to World Bank Open Data.
- Is Mongolia's Military expenditure (% of GDP) rising or falling?
- Mongolia's Military expenditure (% of GDP) rose 36.8% from 2023 to 2024.
- How does Mongolia rank globally on Military expenditure (% of GDP)?
- In 2024, Mongolia ranked #124 out of 147 countries reporting Military expenditure (% of GDP).
- How does Mongolia's Military expenditure (% of GDP) compare to the world average?
- The global average for Military expenditure (% of GDP) in 2024 was 2.20, so Mongolia is below the world average. Within East Asia & Pacific, it ranks #16 of 17.
- What is Military expenditure (% of GDP) and how is it measured?
- Military expenditure by country as percentage of gross domestic product
Source: World Bank Open Data (MS.MIL.XPND.GD.ZS), CC BY 4.0.