Total shortfall from extreme poverty in Mongolia
Mongolia: Total shortfall from extreme poverty was 3.15 million international-$ in 2021 prices in 2022. ◆ Volatile
Total shortfall from extreme poverty in Mongolia, 1995–2022
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
In 2022, total shortfall from extreme poverty in Mongolia stood at 3.15 million international-$ in 2021 prices. That is the lowest value across all 11 years on record.
Compared with earlier readings it is down 46.5% over ten years.
Over the whole period, total shortfall from extreme poverty in Mongolia peaked at 326.06 million international-$ in 2021 prices in 1998 and was at its lowest, 3.15 million international-$ in 2021 prices, in 2022.
That places Mongolia 100th out of 120 countries with data for 2022, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 232.52 million international-$ in 2021 prices | 138.99 million international-$ in 2021 prices | 326.06 million international-$ in 2021 prices | 2 |
| 2000s | 73.65 million international-$ in 2021 prices | 19.49 million international-$ in 2021 prices | 127.81 million international-$ in 2021 prices | 2 |
| 2010s | 8.87 million international-$ in 2021 prices | 4.19 million international-$ in 2021 prices | 15.03 million international-$ in 2021 prices | 6 |
| 2020s | 3.15 million international-$ in 2021 prices | 3.15 million international-$ in 2021 prices | 3.15 million international-$ in 2021 prices | 1 |
Countries ranked near Mongolia
- 97 Armenia 4.39 million international-$ in 2021 prices compare
- 99 Taiwan 3.36 million international-$ in 2021 prices compare
- 101 Estonia 2.89 million international-$ in 2021 prices compare
- 102 Bosnia and Herzegovina 2.64 million international-$ in 2021 prices compare
- 103 Jordan 2.13 million international-$ in 2021 prices compare
More poverty & inequality data for Mongolia
- Number of income/consumption surveys in the past decade available via the World Bank 3 surveys (2025)
- Fertility rate vs. share living in extreme poverty 2.69 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 1,296 kg per hectare (2023)
- Tax revenue as share of GDP vs. income inequality 31.3% (2022)
- Gender Inequality Index 0.284 (2023)
- Lifespan inequality: Gini coefficient in women 0.1052 (2023)
- Lifespan inequality: Gini coefficient by sex 0.1052 (2023)
- Lifespan inequality: Gini coefficient in men 0.141 (2023)
- Share of government consumption in GDP vs. share of population living in extreme poverty 29.0% (2023)
- Income inequality: Atkinson index 0.1919 (2023)
Frequently asked questions
- What is total shortfall from extreme poverty in Mongolia?
- Total shortfall from extreme poverty in Mongolia was 3.15 million international-$ in 2021 prices in 2022, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest total shortfall from extreme poverty recorded in Mongolia?
- The highest recorded value was 326.06 million international-$ in 2021 prices in 1998.
- What is the lowest total shortfall from extreme poverty recorded in Mongolia?
- The lowest recorded value was 3.15 million international-$ in 2021 prices in 2022.
- How does Mongolia rank for total shortfall from extreme poverty?
- Mongolia ranks 100th out of 120 countries with data for 2022.
- Is total shortfall from extreme poverty rising or falling in Mongolia?
- Over the last ten years it is down 46.5%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Total shortfall from extreme poverty. Statizoid updates them automatically from the source API.
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About this data
This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.