Mongolia—Military Expenditure (USD)
Category: MilitarySource: World Bank World Development Indicators ↗Global Rank: #125 of 156Updated April 2026
Latest Value
$180.8M
2024
YoY Change
+62.2%
2023 → 2024
Global Rank
#125
of 156 countries
Maximum
$180.8M
2024
Minimum
$23.1M
2001
CAGR
+8.7%
25 years
Last
$180.8M
Previous
$111.5M
Highest
$180.8M
Lowest
$23.1M
Source
World Bank World Development Indicators
Mongolia's military expenditure (usd) was $180.8M in 2024, ranking #125 out of 156 countries. This represents a +62.2% change from 2023. Over the past 25 years, the highest recorded value was $180.8M (2024) and the lowest was $23.1M (2001). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | $180.8M | +62.2% |
| 2023 | $111.5M | +24.1% |
| 2022 | $89.8M | -7.6% |
| 2021 | $97.2M | +1.7% |
| 2020 | $95.6M | +1.7% |
| 2019 | $94.0M | +6.6% |
| 2018 | $88.2M | +0.7% |
| 2017 | $87.5M | -9.2% |
| 2016 | $96.4M | -5.3% |
| 2015 | $101.7M | -3.2% |
| 2014 | $105.1M | +1.6% |
| 2013 | $103.5M | -8.9% |
| 2012 | $113.6M | +30.4% |
| 2011 | $87.2M | +58.9% |
| 2010 | $54.9M | +45.8% |
| 2009 | $37.6M | -43.6% |
| 2008 | $66.7M | +18.0% |
| 2007 | $56.6M | +44.3% |
| 2006 | $39.2M | +31.5% |
| 2005 | $29.8M | +7.4% |
| 2004 | $27.7M | +14.0% |
| 2003 | $24.3M | -3.8% |
| 2002 | $25.3M | +9.3% |
| 2001 | $23.1M | -4.7% |
| 2000 | $24.3M |
Top Countries — Military Expenditure (USD)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | United States | $997.31B | 2024 |
| 2 | China | $313.66B | 2024 |
| 3 | Russian Federation | $148.97B | 2024 |
| 4 | Germany | $88.46B | 2024 |
| 5 | India | $86.13B | 2024 |
| 6 | United Kingdom | $81.76B | 2024 |
| 7 | Saudi Arabia | $80.33B | 2024 |
| 8 | Ukraine | $64.70B | 2024 |
| 9 | France | $64.68B | 2024 |
| 10 | Japan | $55.27B | 2024 |