Taxes on incomes of individuals and corporations as share of GDP in Mongolia
Mongolia: Taxes on incomes of individuals and corporations as share of GDP was 7.5% in 2022. ▼ Falling
Taxes on incomes of individuals and corporations as share of GDP in Mongolia, 1993–2022
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
Mongolia recorded 7.5% for taxes on incomes of individuals and corporations as share of gdp in 2022.
Compared with earlier readings it is down 6.8% on the previous year and up 40.8% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Mongolia peaked at 12.5% in 1993 and was at its lowest, 3.6%, in 1999.
Mongolia ranks 67th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 28 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 1993 | 12.5% | — |
| 1994 | 8.4% | -33.0% |
| 1995 | 7.4% | -11.1% |
| 1996 | 6.2% | -17.0% |
| 1997 | 6.7% | +8.6% |
| 1998 | 4.4% | -34.6% |
| 1999 | 3.6% | -17.8% |
| 2000 | 5.1% | +42.1% |
| 2001 | 4.6% | -9.7% |
| 2002 | 4.7% | +0.8% |
| 2003 | 5.3% | +14.3% |
| 2004 | 6.1% | +14.4% |
| 2005 | 5.9% | -3.8% |
| 2008 | 11.5% | +96.2% |
| 2009 | 7.9% | -31.5% |
| 2010 | 10.0% | +26.7% |
| 2011 | 7.0% | -30.2% |
| 2012 | 5.4% | -23.1% |
| 2013 | 5.8% | +8.6% |
| 2014 | 5.0% | -15.0% |
| 2015 | 5.1% | +3.3% |
| 2016 | 4.4% | -14.8% |
| 2017 | 5.7% | +31.9% |
| 2018 | 6.4% | +11.7% |
| 2019 | 6.8% | +6.6% |
| 2020 | 6.0% | -12.9% |
| 2021 | 8.1% | +35.9% |
| 2022 | 7.5% | -6.8% |
Mongolia compared with similar countries
- Mongolia's 7.5% is above the median for upper middle income countries, which is 5.7%, 1.3× the median. (54 countries reporting)
- Mongolia's 7.5% is above the median for East Asia & Pacific, which is 6.9%, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.0% | 3.6% | 12.5% | 7 |
| 2000s | 6.4% | 4.6% | 11.5% | 8 |
| 2010s | 6.2% | 4.4% | 10.0% | 10 |
| 2020s | 7.2% | 6.0% | 8.1% | 3 |
Countries ranked near Mongolia
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 55.47 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0023 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.78 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.79 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1169 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 789.32 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Mongolia?
- Taxes on incomes of individuals and corporations as share of gdp in Mongolia was 7.5% in 2022, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Mongolia?
- The highest recorded value was 12.5% in 1993.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Mongolia?
- The lowest recorded value was 3.6% in 1999.
- How does Mongolia rank for taxes on incomes of individuals and corporations as share of gdp?
- Mongolia ranks 67th out of 184 countries with data for 2022.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Mongolia?
- Over the last ten years it is up 40.8%. The long-run trend across the full record is falling.
- Where does this Mongolia data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.