Mongolia: Taxes on goods and services

* indicates monthly or quarterly data series

Taxes on goods and services, percent of total revenue

 Latest value 30.94
 Year 2021
 Measure percent
 Data availability 1992 - 2021
 Average 30.77
 Min - Max 20.43 - 40.04
 Source The World Bank
For that indicator, we provide data for Mongolia from 1992 to 2021. The average value for Mongolia during that period was 30.77 percent with a minimum of 20.43 percent in 2007 and a maximum of 40.04 percent in 2001. The latest value from 2021 is 30.94 percent. For comparison, the world average in 2021 based on 104 countries is 33.72 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Mongolia - Taxes on goods and services - Recent values chart

Historical chart
Mongolia - Taxes on goods and services - historical chart - 1992-2021

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.

 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 13.92 2022 percent
 Government spending, in dollars 2.39 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -8.80 2022 percent
 Government expenditure 1,665.41 Q3/2023 billion
 Tax revenue 16.91 2021 percent
 Commercial tax rate 25.70 2019 percent
 Tax preparation time 134 2019 hours
 Number of taxes 19 2019 taxes
 Taxes on goods and services 30.94 2021 percent
 Taxes on international trade 7.01 2021 percent
 Income and profits taxes 16.51 2021 percent
 Foreign aid 280.31 2021 million U.S. dollars
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