ECONOMY OF MONGOLIA

• Started transition to market economy in 1990 under extremely difficult conditions

• In 1990-1992 transition crisis, GDP was falling at 9-10% annually

• In 2004-2008, Mongolia was one of the fastest growing countries

• Between 2004 and 2008 GDP per capital increased from 720 USD to 1971 USD

GDP - GROSS DOMESTIC PRODUCT

• GDP - per capita (PPP): $5,900

• GDP - real growth rate: 11.8% (2013 est.) country comparison to the world: 6

• 12.3% (2012 est.)

• 17.5% (2011 est.)

2011 2012 20130

2

4

6

8

10

12

14

16

18

13.57

15.23

17.03

GDP

GDP - COMPOSITION, BY SECTOR OF ORIGIN:

agriculture17%

industry33%

sevices51%

agriculture industry sevices

AGRICULTURE - PRODUCTS• wheat, barley, vegetables, sheep, goats, cattle, camels, horses

INDUSTRIES PRODUCTS• construction and construction materials; mining (coal, copper, molybdenum, fluorspar, tin,

tungsten, gold); oil; food and beverages; processing of animal products, cashmere and natural fiber manufacturing

SERVICES• tourism, financial services, entertainment, education, health, transport

LABOR FORCE

• 1.037 million (2011 est.)

• Labor force - by occupation:

agriculture: 33%

industry: 10.6%

services: 56.4% (2011)

34%

11%

56%

agriculture industry services

UNEMPLOYMENT & POWERTY LINE

• Unemployment rate: 9% (2011 est.)

country comparison to the world: 99

• Population below poverty line: 29.8%

INFLATION RATE: 8.2% (2013 EST.)

EXPORT PRODUCTS• Exports - commodities: copper, apparel, livestock, animal products, cashmere, wool, hides, fluorspar,

other nonferrous metals, coal, crude oil

IMPORT PRODUCTS• Imports - commodities: machinery and equipment,petroleum, cars, food products, industrial consumer

goods, chemicals, building materials, cigarettes and tobacco, appliances, soap and detergent