Mongolia FlagMongolia

He Who Wants To Build High Must Dig Deep.

 

General


Population: 2,953,190 (2014), 3,226,516 (2013)
Land Area: 1,564,116 sq km
Natural Resources: Oil, coal, copper, molybdenum, tungsten, phosphates, tin, nickel, zinc, fluorspar, gold, silver, iron
Capital: Ulaanbaatar
Political System: Mixed Parliamentary/Presidential
State Leader: Tsakhiagiin Elbegdorj (June 18th 2009)
Head of Government: Norov Altankhuyag (August 9th 2012)
Languages: Khalkha Mongol, Turkic, Russian
Currency: Togrog (MNT)
Major Religions: Buddhist Lamaist 50%, Shamanist and Christian 6%, Muslim 4%, None 40%
Major Ethnicities: Mongol 94.9%, Turkic 5%, Other 0.1%
Life Expectancy: 68.98 years (2014), 68.95 years (2013)

Economy


GDP Official Exchange Rate: 11.14 billion (2013), 10.26 billion (2012)
GDP Purchasing Power Parity: 17.03 billion (2013), 15.44 billion (2012)
GDP Per Capita (PPP): 5,900 (2012), 5,500 (2012)
GDP Growth Rate: 11.8% (2013), 12.3% (2012)
GDP Structure: Agriculture 16.5%, Industry 32.6%, Services 50.9% (2013)
Labour Force By Occupation: Agriculture 33%, Industry 10.6%, Services 56.4% (2011)
Industries: Construction and construction materials, mining, oil, food and beverages, processing of animal products, cashmere and natural fiber manufacturing
Agriculture Products: Wheat, barley, vegetables, forage crops; sheep, goats, cattle, camels, horses
Human Development Index: 0.698 (103rd)(2014), 0.675 (108th)(2013)
Tourism Revenue: 205 million (2004)
Unemployment Rate: 9% (2011)

MilitaryMongolia Map


Army Size: 8 600 (2004)
Budget: 1.4% of GDP (2006)

Current Situation

 

Mongolia is located in Central Asia. Mongolia is bordered by China and Russia. Mongolia's economy is based largely on the agricultural and mining sectors. GDP growth is high, however a majority of Mongolia's people are still nomadic or semi-nomadic.

(2014) Mongolia's economy continued its strong growth in 2013, and this thrend should continue with the opening of the Oyu Tolgoi mine in 2013 which should have a major positive impact on Mongolia's exports.

Thoughts & Comments

 

Sources

CIA World Factbook: Mongolia
Wikipedia: Mongolia
http://hdrstats.undp.org/en/countries/profiles/MNG.html

Updated on: November 2nd, 2014