Mongolia—Taxes on Goods & Services (% of revenue)
Mongolia's taxes on goods & services (% of revenue) was 25.9% in 2024, ranking #91 out of 139 countries. This represents a +12.2% change from 2023. Over the past 23 years, the highest recorded value was 40.0% (2001) and the lowest was 20.4% (2007). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 25.9% | +12.2% |
| 2023 | 23.1% | -7.3% |
| 2022 | 24.9% | -19.4% |
| 2021 | 30.9% | +13.3% |
| 2020 | 27.3% | +0.9% |
| 2019 | 27.1% | -14.4% |
| 2018 | 31.6% | +2.4% |
| 2017 | 30.9% | -9.8% |
| 2016 | 34.3% | +8.9% |
| 2015 | 31.5% | -3.4% |
| 2014 | 32.6% | -10.0% |
| 2013 | 36.2% | +1.5% |
| 2012 | 35.7% | -1.5% |
| 2011 | 36.2% | +27.0% |
| 2010 | 28.5% | -5.4% |
| 2009 | 30.2% | +19.3% |
| 2008 | 25.3% | +23.7% |
| 2007 | 20.4% | -38.8% |
| 2006 | 33.4% | -5.7% |
| 2003 | 35.4% | +4.5% |
| 2002 | 33.9% | -15.4% |
| 2001 | 40.0% | +11.1% |
| 2000 | 36.0% |
Top Countries — Taxes on Goods & Services (% of revenue)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 71.7% | 2023 |
| 2 | Bahamas, The | 57.1% | 2023 |
| 3 | Lao PDR | 53.9% | 2022 |
| 4 | Mauritius | 53.3% | 2024 |
| 5 | Guatemala | 51.5% | 2023 |
| 6 | Armenia | 48.2% | 2024 |
| 7 | Dominican Republic | 47.9% | 2024 |
| 8 | Croatia | 47.1% | 2023 |
| 9 | Nicaragua | 46.5% | 2023 |
| 10 | Burundi | 46.4% | 2021 |
About This Indicator
Definition
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.
Methodology
Data compiled by Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).