Source
Central bank

Bank of Mongolia

International Reserves

US$ 2.248 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 12 billion (2014 estimate)

GDP (Purchasing Power Parity)

20 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
7% 10.6% 7.3% 8.6% 10.2% 8.9% -1.3% 6.4%
2009 2010 2011 2012*        
17.5% 12.4% 11.7% 12.9%        

*Estimate

GDP per capita - current prices

US$ 4,087 (2014 estimate)

GDP per capita - PPP

$6,631 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.01% 0.02% 0.01% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 16.5% 
  • industry: 32.6% 
  • services: 50.9% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
7.7% 15.0% 9.6% 12.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
7.7% 8.2% 10.4% 8.8%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
N/A N/A N/A N/A N/A

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0.5% -4.8% -10.8% -10.1% -7.6%

*Estimate   

Government bond ratings

Standard & Poor's: B+

Moody's rating: B2

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$1.093 billion US$1.579 billion US$1.293 billion

*2010 Estimate    **2012 Estimate

Largest companies in Mongolia

N/A

 
 
Source
Current account balance

US$ -2.667 billion (2014 estimate)(After 2008)

Current account balance by percentage of GDP

-22.12% of GDP (2014 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

45.1% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.02%(2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.02% (2012)(2007)

(Data were released in 2014)

Total exports

N/A

Export commodities

copper, apparel, livestock, animal products, cashmere, wool, hides, fluorspar, other nonferrous metals, coal, crude oil

Total imports

US$ 5.696 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and equipment, fuel, cars, food products, industrial consumer goods, chemicals, building materials, cigarettes and tobacco, appliances, soap and detergent

Exports - major partners

China 89%, Canada 4.1% (2012)

Imports - major partners

China 37.5%, Russia 25.6%, US 9.4%, South Korea 6.1%, Japan 4.9% (2012)

FDI inflows
2011 2012 2013
US$ 4,715 million US$ 4,452 million US$ 2,047 million
FDI outflows
2011 2012 2013  
US$ 94 million US$44 million US$50 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 0 million US$ 0 million US$ 0 million US$ 0 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 76 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 25 out of 185 countries(2009)

Enforcing Contracts: 30 out of 185 countries

Registering Property: 27 out of 185 countries

Getting credit: 55 out of 185 countries

Protecting investors: 22 out of 185 countries

Trading across border: 181 out of 185 countries

Paying Taxes: 74 out of 185 countries

Dealing with Construction Permits: 107 out of 185 countries

Getting Electricity: 162 out of 185 countries

Resolving Insolvency: 133 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

98

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 97 Score: 58.9 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Total area

1,564,100 km2 (2006)

Capital

Ulaanbaatar (2009)

Currency

togrog/tugriks (MNT) (2009)

Government type

parliamentary (2009)

Languages

Khalkha Mongol 90%, Turkic, Russian (1999)

Religions

Buddhist Lamaist 50%, Shamanist and Christian 6%, Muslim 4%, none 40% (2004)

Total population
1980 1990 2000 2012* 2017**
N/A 2.07 million 2.39 million 2.83 million 3.05 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
35.7% 52.1% 56.6% 68.5%
Population median age

25 years (2010)

Population growth rate

1.6% (2011)

Life expectancy

68 years (2010)

Adult literacy

97% (2005/2010)

% of population living on less than $2 a day

49.05% (2011)

Inequality of wealth distribution (Gini index)

36.52 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:2 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

111.78% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

20% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

Source
CO2 emissions(Metric tons of CO2 per capita)

5.3484 (Data were released in 2012 and refer to 2009)

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