Mongolia
Economic Overview and Procurement Law Information
GDP (2024)
$19.7B
GDP Growth
6.5%
Population
3.4M
Capital
Ulaanbaatar
Economic Overview
Mongolia is a landlocked country in East Asia with a rapidly growing economy driven primarily by mining and natural resources. The country has significant deposits of copper, coal, gold, and other minerals, making it one of the most resource-rich nations in the region.
Key Economic Sectors
Mining
25%
Coal, copper, gold, fluorspar
Manufacturing
10%
Food, textiles, construction materials
Construction
8%
Infrastructure and real estate development
Energy
12%
Coal power, renewable energy