Mineral rents in Mongolia
Mongolia: Mineral rents was 26.6% in 2021. ◆ Volatile
Mineral rents in Mongolia, 1981–2021
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for mineral rents in Mongolia is 26.6%, measured in 2021. That is the highest value across all 41 years on record.
That represents a change of up 221.8% on the previous year and up 89.1% over ten years.
Over the whole period, mineral rents in Mongolia peaked at 26.6% in 2021 and was at its lowest, 1.1%, in 1986.
That places Mongolia 3rd out of 212 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Mineral rents in Mongolia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 2.1% | — |
| 1982 | 1.7% | -20.6% |
| 1983 | 2.1% | +24.4% |
| 1984 | 2.5% | +17.1% |
| 1985 | 2.8% | +13.9% |
| 1986 | 1.1% | -61.4% |
| 1987 | 2.2% | +107.2% |
| 1988 | 5.3% | +136.5% |
| 1989 | 5.4% | +1.7% |
| 1990 | 6.5% | +21.2% |
| 1991 | 2.9% | -56.0% |
| 1992 | 4.5% | +57.1% |
| 1993 | 5.3% | +17.4% |
| 1994 | 9.6% | +81.1% |
| 1995 | 10.2% | +6.4% |
| 1996 | 4.5% | -56.2% |
| 1997 | 6.1% | +37.3% |
| 1998 | 1.6% | -74.2% |
| 1999 | 1.6% | +3.6% |
| 2000 | 3.0% | +85.5% |
| 2001 | 2.1% | -32.4% |
| 2002 | 2.2% | +7.1% |
| 2003 | 2.5% | +12.3% |
| 2004 | 9.4% | +280.5% |
| 2005 | 11.4% | +20.9% |
| 2006 | 23.1% | +103.7% |
| 2007 | 21.3% | -8.0% |
| 2008 | 15.5% | -27.1% |
| 2009 | 10.9% | -30.0% |
| 2010 | 14.4% | +32.2% |
| 2011 | 14.1% | -2.2% |
| 2012 | 9.9% | -29.6% |
| 2013 | 9.8% | -0.4% |
| 2014 | 7.2% | -27.1% |
| 2015 | 5.6% | -22.6% |
| 2016 | 4.0% | -28.2% |
| 2017 | 7.3% | +82.4% |
| 2018 | 9.6% | +32.2% |
| 2019 | 6.6% | -31.5% |
| 2020 | 8.3% | +25.3% |
| 2021 | 26.6% | +221.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.8% | 1.1% | 5.4% | 9 |
| 1990s | 5.3% | 1.6% | 10.2% | 10 |
| 2000s | 10.1% | 2.1% | 23.1% | 10 |
| 2010s | 8.8% | 4.0% | 14.4% | 10 |
| 2020s | 17.4% | 8.3% | 26.6% | 2 |
Countries ranked near Mongolia
- 1 Democratic Republic of Congo 28.8% compare
- 2 Zambia 28.2% compare
- 4 Eritrea 24.6% compare
- 5 New Caledonia 16.8% compare
- 6 Chile 16.2% compare
More energy & mining data for Mongolia
- Fuel imports 22.9% (2023)
- Ores and metals imports 0.3% (2023)
- Ores and metals exports 26.3% (2023)
- Gas production 0 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 0 terawatt-hours (2024)
- Gas production per person 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2024)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Gas production, per capita 0 terawatt-hours per person (2024)
Frequently asked questions
- What is mineral rents in Mongolia?
- Mineral rents in Mongolia was 26.6% in 2021, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest mineral rents recorded in Mongolia?
- The highest recorded value was 26.6% in 2021.
- What is the lowest mineral rents recorded in Mongolia?
- The lowest recorded value was 1.1% in 1986.
- How does Mongolia rank for mineral rents?
- Mongolia ranks 3rd out of 212 countries with data for 2021.
- Is mineral rents rising or falling in Mongolia?
- Over the last ten years it is up 89.1%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from The Changing Wealth of Nations, World Bank (WB), published as part of Mineral rents (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Mineral rents are the difference between the value of production for a stock of minerals at world prices and their total costs of production. Minerals included in the calculation are tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate.