Asia > Eastern Asia > Mongolia


Capital: Ulan Bator; GDP growth (annual %) 2016: 1.03%;
Key Facts

Full name: Mongolia
Population: 2.7 million (UN, 2010)
Area: 1.56 million sq km (603,909 sq miles)
Major language: Mongolian
Major religion: Buddhism
Life expectancy: 65 years (men), 73 years (women) (UN)
Monetary unit: 1 Togrog (tugrik) = 100 mongos
Main exports: Copper concentrate, dehaired cashmere, textiles, hides
GNI per capita: US $1,850 (World Bank, 2010)
Internet domain: .mn
International dialling code: +976

  • Climate change laws around the world


    There has been a 20-fold increase in the number of global climate change laws since 1997, according to the most comprehensive database of relevant policy and legislation.

    The database, produced by the Grantham Research Institute on Climate Change and the Environment and the Sabin Center on Climate Change Law, includes more than 1,200 relevant policies across 164 countries, which account for 95% of global greenhouse gas emissions.

  • Asia Economic Roundup: July 2016


    Without a doubt Britain’s decision to abandon the European project will be remembered globally as a wake-up call for political elites around the world. It seems the people chose to go against immediate economic interest and accept an extra financial turmoil in order to address deeply seated social and identity issues.

    Although Asia’s exposure to the UK is relatively limited and this is not exactly a “Lehman Moment”, nonetheless we can expect a lively debate as policymakers in Asia look for an appropriate response to address the needs of vulnerable households.

  • Mongolia Year in Review 2014


    Falling mineral prices and a tapering of foreign investment resulted in slower economic increase in Mongolia in 2014. However, a commitment by the recently installed coalition government to clear bottlenecks in the investment pipeline and cut spending could see lower deficit levels and better foreign interest in development projects in the year ahead.

  • Encouraging mining FDI in Mongolia


    Changes to Mongolia’s mining legislation will open up vast new tracts of land for exploration and pave the way for new licence issuances. This should help replace the confidence of foreign investors made wary by government intervention in the sector.

  • Bolor CEO of Skytel Group


    Mongolia is experiencing a wonderful period right presently with 17.3% GDP increase and projections of 12.5% this year. Obviously, the world is really looking at the Mongolian economy right presently. A lot of people have stated that infrastructure is going to be one of the major challenges for Mongolia, which includes energy, road transport, railways and telecoms in particular. What does the next look like for the telecoms sector here in your opinion?