Economy of Mongolia

A World of Trade

GDP

The GDP in this country is fairly good. The Gross Domestic Product is $9,459,000,000.

Imports and Exports

• Main Import Partners: China 27.8%,Russia 38.4%,South Korea 6%,Japan 7.4%

• Main Export Partners: China 64.5%, Canada 6.9%,UK 6.5%,Luxembourg 6.4%, US 4.5%

• Imports-$2.131• Exports-$1.902

Industries

There are many main industries, including:Construction, mining, food and beverages,

processing of animal products, cashmere, and natural fiber manufacturing

Interesting Facts!

• Economy is slowly improving• Unemployment Rate: 2.8%• Ulaanbaatar- nation’s industrial center• Currency-Tögrög• 1 in 3 people are poor• Rank: 150th

• Labor Force: 1,068,000