Mongolia: Taxes on goods and services

The latest value from 2021 is 38.61 percent, an increase from 33.84 percent in 2020. In comparison, the world average is 38.96 percent, based on data from 119 countries. Historically, the average for Mongolia from 1992 to 2021 is 37.02 percent. The minimum value, 20.49 percent, was reached in 2007 while the maximum of 49.04 percent was recorded in 1999. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on goods and services include general sales and turnover or value added taxes, selective excises on goods, selective taxes on services, taxes on the use of goods or property, taxes on extraction and production of minerals, and profits of fiscal monopolies.