Mongolia Mongolia

Subscribe to our free email alert service

Mongolia, is a country located at Eastern Asia, it has an area of 1,564,116 Km2 and it may be considered a large country.

Mongolia, with a population of 3,410,000 people, it is one of the least populous country in the world and it has a low population density, 2 people per km2.

It's capital is Ulan Bator and its currency is Tugrik

Mongolia is holding the 126 position by nominal GDP. Its national debt in 2022 was 12,421 millions of euros (13,091 millions of dollars), ( 76.35% debt-to-GDP ratio) and its public debt per capita is €3,643 euros per inhabitant$3,839 dollars per inhabitant.

The last annual rate of CPI published in Mongolia was on February of 2024 and it was 7%.

In terms of the human development index (HDI) of Mongolia, which is the index used by the United Nations to measure the progress of a country, was 0.739 points in 2021, leaving it in 96th place in the table of 191 countries published.

If the reason to visit Mongolia are business, you must know it's in the 81th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Mongolia, if you want to see information about other countries click here

Ulan Bator: Monthly Temp.
Ulan Bator: Monthly Rainfall
Mongolia Economy
Annual GDP [+]2022€16,269M
Annual GDP [+]2022$17,146M
GDP per capita [+]2022€4,771
GDP per capita [+]2022$5,028
Debt (M.€.) [+]202212,421
Debt ($M) [+]202213,091
Debt (%GDP) [+]202276.35%
Debt Per Capita [+]2022€3,643
Debt Per Capita [+]2022$3,839
Deficit (M.€) [+]2022107
Deficit ($M) [+]2022112
Deficit (%GDP) [+]20220.66%
Expenditure (M.€) [+]20225,489.0
Expenditure ($M) [+]20225,784.7
Education Expenditure (M.€) [+]2019626.9
Education Expenditure ($M) [+]2019701.9
Education Expenditure (%Bud.) [+]202016.42%
Gov. Health Exp. (M.€) [+]2017251.0
Gov. Health Exp.($M) [+]2017283.5
Gov. Health Exp. (%Bud.) [+]20178.15%
Defence Expenditure (M.€) [+]202298.1
Defence Expenditure ($M) [+]2022103.4
Defence Expenditure (%Bud.) [+]20221.78%
Expenditure (%GDP) [+]202233.74%
Expenditure Per Capita [+]2022€1,610
Expenditure Per Capita [+]2022$1,696
Education Expenditure P.C [+]2019€190
Education Expenditure P.C [+]2019$213
Gov. Health Exp. P.C. [+]2017€81
Gov. Health Exp. P.C. [+]2017$92
Defence Expenditure P.C. [+]2022€29
Defence Expenditure P.C. [+]2022$30
Moody's Rating [+]02/14/2023B3
S&P Rating [+]11/09/2018B
Fitch Rating [+]07/04/2019B
Corruption Index [+]202233
Competitiveness Ranking [+]2019102º
Fragile States Index [+]201854.9
RTI Raking [+]202264º
Innovation Ranking [+]201853º
Unemployment rate [+]2022Q45.1%
Unemployed [+]2022Q464K
NMW [+]2022$175.1
NMW [+]2022€170.7
Human Capital Ranking [+]201751º
Euro / Tugrik [+]04/13/20243,605.6500
US Dollar exchange rate [+]04/13/20243,376.0800
Stock ExchangeYTD % [+]04/11/2024-0.10%
CPI (overall index) [+]February 20247.0%
Money Market
Key rates [+]03/15/202412.00%
Doing Business [+]202081º
Passengers vehicles Year [+]December 20192,970
Annual Vehicles/ 1,000 p. [+]December 20191.15
Tax Revenue (%GDP) [+]202124.0%
Standard VAT [+]01/01/201810.00%
Top tax rate + SSC [+]202010.0%
Annual arrivals [+]2019577,300
Exports [+]2021€7,818.6M
Exports [+]2021$9,247.1M
Exports % GDP [+]202160.54%
Imports [+]2021€5,790.7M
Imports [+]2021$6,848.6M
Imports % GDP [+]202144.83%
Trade balance [+]2021€2,028.0M
Trade balance [+]2021$2,398.5M
Trade balance % GDP [+]202115.70%
Global AgeWatch Ranking [+]201572º
Density [+]20212
Global Peace Ranking [+]202344º
Remittance received ($M) [+]2017269.5
% Immigrant [+]20200.64%
% Emigrant [+]20202.44%
Birth Rate [+]202121.41‰
Remittance sent ($M) [+]201766.0
Crude death rate [+]20216.13‰
Fertility Rate [+]20212.84
% risk of poverty [+]202027.8%
Population [+]20213,410,000
Immigrant stock [+]202021,345
Emigrant stock [+]202082,098
HDI [+]20210.739
Gender Gap Ranking [+]202380º
Life expectancy [+]202170.98
Suicides [+]2015836
Suicide rate [+]201527.35
Number of homicides [+]2021206
Rate Homicides per 100.000 [+]20216.15
Energy and Environment
CO2 Tons per capita [+]20217.69
Annual crude oil production [+]202216
Consumption GWh [+]20217,750
Generation GWh [+]20217,120
COVID-19 - Deaths [+]03/31/20242,284
COVID-19 - Confirmed [+]03/31/20241,011,517
Fully vaccinated [+]05/18/20222,175,617
COVID-19 - Deaths per million population [+]03/31/2024669.79
Doses administered [+]05/18/20225,492,919