Military Expenditure in Mongolia increased to 90 USD Million in 2018 from 83 USD Million in 2017.

Military Expenditure in Mongolia averaged 58.90 USD Million from 1990 until 2018, reaching an all time high of 121.80 USD Million in 1990 and a record low of 30.20 USD Million in 1994. Mongolia Military Expenditure - values, historical data and charts - was last updated on April of 2020. source: SIPRI

Military Expenditure in Mongolia is expected to reach 90.40 USD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Military Expenditure is projected to trend around 90.40 USD Million in 2021, according to our econometric models.

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Mongolia Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
90.00 83.00 121.80 30.20 1990 - 2018 USD Million Yearly
constant 2017 prices
Military Expenditure by Country

Mongolia Government Last Previous Highest Lowest Unit
Government Debt to GDP 55.00 66.00 95.73 20.62 percent [+]
Government Budget -3.40 -1.90 6.40 -17.00 percent of GDP [+]
Government Revenues 11936637.60 10720421.70 11936637.60 13474.40 MNT Million [+]
Military Expenditure 90.00 83.00 121.80 30.20 USD Million [+]
Credit Rating 26.00 [+]
Government Spending 812407.70 529122.50 812407.70 244037.90 MNT Million [+]
Government Budget Value 627770.70 486708.60 1458869.50 -3667830.20 MNT Million [+]
Fiscal Expenditure 11429391.80 9200236.50 11429391.80 21398.70 MNT Million [+]