The democratic revolution transformed Mongolia from a single party communist state into a dynamic democracy.

Without an absolute majority, a second ballot between the leading candidates resulted in Tsakhiagiin Elbegdorj winning with 57.2% of votes.

Later in 2021, a parliamentary investigation into the Development Bank of Mongolia found a massive mismanagement and favouritism in the loan selection process, prompting the country's anti-corruption agency to launch a full-scale investigation into Norovyn Altankhuyag's involvement in the scandal.

[12] In 2014, the parliamentary Democrats ousted Norovyn Altankhuyag from the party leadership and the premiership, partly due to his failure to reach an agreement with Rio Tinto, and appointed Chimediin Saikhanbileg in a highly controversial move.

[16] In 2016, just a few weeks before his end of term, Saikhanbileg's government relinquished its exclusive right to purchase the 49% stake in the Erdenet mine, one of the most profitable projects in the country, when the Russian side decided to sell it – without any authorisation from the parliament.

[26] The Supreme Court decided in favour of the anti-Battulga faction, recognising them as the legitimate leadership of the party in 2022.

[28] Jambyn Batsuuri dropped out just before the election day,[29] and Khaltmaagiin Battulga won over 96 per cent of the vote.

[30] Ganzorigiin Unurbayar, the anti-Battulga faction's secretary general, commented that 'Even the most ruthless dictators are embarrassed of winning 90 per cent of the vote in elections.

'[31] Many of the establishment Democrats, including the parliamentary Democratic caucus leader Dashdondogiin Ganbat, ex-president Tsakhiagiin Elbegdorj, ex-justice minister Khishigdembereliin Temuujin, Erdeniin Bat-Uul and Damdinsurengiin Sosorbaram, support the anti-Battulga faction whereas the party members in the rural areas of the country tend to support the pro-Battulga faction.

[33] In the 2004 Mongolian parliamentary elections, the party was a constituent part of the Motherland Democratic Coalition that won 44.7% of the popular vote and 34 out of 76 seats at the Parliament.

Party leader Tsakhiagiin Elbegdorj became the prime minister of a grand coalition government and held that position until January 2006.

The Democratic Party's National Consultative Committee held its convention on 7 May 2013 and decided to re-nominate Elbegdorj as a presidential candidate with 100% votes.

[45] While they just lost under 2% of the popular vote, a new electoral law passed by the Democratic Party itself when in government to promote two-party politics,[46] together with a 14% rise of the MPP, ended up making them lose 25 of 34 seats.

[48] In the 2021 Mongolian presidential election, DP fell to the third place with only 6.37% of the popular vote and thus lost the presidency.