Mongolia: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series

Fiscal balance, percent of GDP

 Latest value -8.80
 Year 2022
 Measure percent
 Data availability 2000 - 2022
 Average -8.59
 Min - Max -23.10 - 1.73
 Source Asian Development Bank
For that indicator, we provide data for Mongolia from 2000 to 2022. The average value for Mongolia during that period was -8.59 percent with a minimum of -23.1 percent in 2016 and a maximum of 1.73 percent in 2005. The latest value from 2022 is -8.8 percent. For comparison, the world average in 2022 based on 159 countries is -2.55 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 - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Mongolia - Fiscal balance, percent of GDP - historical chart - 2000-2022

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 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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