Mongolia military spending/defense budget for 2024 was 180.84 million US dollars, a 62.24% increase from 2023.
Mongolia military spending/defense budget for 2023 was 111.47 million US dollars, a 24.13% increase from 2022.
Mongolia military spending/defense budget for 2022 was 89.80 million US dollars, a 7.61% decline from 2021.
Mongolia military spending/defense budget for 2021 was 97.19 million US dollars, a 1.67% increase from 2020.
Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). The full historical dataset is available for download here: Mongolia Military Spending/Defense Budget | Historical Data | 1987 - 2024.