Country Profile

Mongolia Country Profile 2012
With only 3m inhabitants in an area larger than Western Europe, the country has long been known for its unique nomadic culture. Nearly half of all Mongolians still make their living as herders on the steppe, although many have migrated in recent decades to Ulaanbaatar, which hosts a third of the population. Mongolia became a Soviet Union satellite after its former ruler, the Chinese Qing dynasty, collapsed in 1919. Since the dissolution of the USSR, however, the country has attracted attention from international investors for its copious endowments of minerals — particularly coal, copper and gold. Recent changes to investment laws that allow for foreign ownership have primed Mongolia for massive inflows of foreign direct investment (FDI) and expected GDP growth rates of 15% or more.

Articles from this chapter

Cover of the The Report: Mongolia 2012

The Report

This chapter is from the Mongolia 2012 report. Explore other chapters from this report.

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart