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Home >> World Economy >> Mongolia Economy

Mongolia Economy




Mongolia is a lower income country comes under East Asia and Pacific region,


according to classification made by the World Bank on the basis of income and region for the year 2006. The country has a total surface area of 1.6 millions of square kilometers as in 2004 with a forest area of 106.7 thousand square kilometers.

Mongolia Economy And Social Indicators

As of the year 2004 the country had a total population of 2.5 millions with an annual percentage growth rate of 1.4. Its demographic and social indicators are as follows:

Social Indicators 2000 2003 2004
Population, total 2.4 million 2.5 million 2.5 million
Population growth (annual %) 0.8 1.3 1.4
Life expectancy at birth, total (years) 63.2 63.6 64.6
Fertility rate, total (births per woman) 2.6 2.4 2.4
Mortality rate, infant (per 1,000 live births) 50.0 .. 41.2
Mortality rate, under-5 (per 1,000) 65.0 .. 52.2

Population Growth(Annual %)


Economic Indicators Of Mongolia Economy

Agriculture, livestock and manufacturing are regarded as the important areas of concerns for the country's economy. The important economic indicators are as follows:
GDP Growth (Annual %)
Econmic Indicator 2000 2003 2004
GNI, Atlas method (current US$) 941.4 million 1.2 billion 1.5 billion
GNI per capita, Atlas method (current US$) 390.0 480.0 600.0
GDP (current US$) 946.5 million 1.3 billion 1.6 billion
GDP growth (annual %) 1.1 5.6 10.7
Inflation, GDP deflator (annual %) 9.0 11.6 18.1


Related links
Economic Indicators
Economic Structure Of Mongolia
Export & Import