Economy of Mongolia

Imports
Imports commoditiesmachinery and equipment, fuel, cars, food products, industrial consumer goods, chemicals, building materials, cigarettes and tobacco, appliances, soap and detergent
Import partnersChina 37.5%, Russia 25.6%, US 9.4%, South Korea 6.1%, Japan 4.9% (2012)
Exports
Exports commoditiescopper, apparel, livestock, animal products, cashmere, wool, hides, fluorspar, other nonferrous metals, coal, crude oil
Export partnersChina 89%, Canada 4.1% (2012)
Economy sectors
Agriculture productswheat, barley, vegetables, forage crops; sheep, goats, cattle, camels, horses
Industrial productsconstruction and construction materials; mining (coal, copper, molybdenum, fluorspar, tin, tungsten, and gold); oil; food and beverages; processing of animal products, cashmere and natural fiber manufacturing
Economy
Unemployment9.00 % (2011)13.0 % (2010)
GDP - Official Exchange Rate11.1 Billion $ (2013)10.1 Billion $ (2012)8.76 Billion $ (2011)
GDP - Official Exchange Rate of Mongolia
GDP growth rate11.8 % (2013)12.3 % (2012)17.5 % (2011)
GDP growth rate of Mongolia
GDP per Capita (PPP)5,900 $ (2013)5,300 $ (2012)4,800 $ (2011)
GDP per Capita (PPP) of Mongolia
GDP - Purchasing Power Parity17.0 Billion $ (2013)15.0 Billion $ (2012)13.5 Billion $ (2011)
GDP - Purchasing Power Parity of Mongolia
GDP PPP per land area10,888 $ per square kilometer (2013)9,609 $ per square kilometer (2012)8,637 $ per square kilometer (2011)
GDP PPP per land area of Mongolia
ElectricityBanking
Central bank discount rate13.3 % (2012)11.0 % (2010)10.8 % (2009)
Central bank discount rate of Mongolia
Commercial bank prime lending rate17.5 % (2013)18.2 % (2012)15.5 % (2011)
Commercial bank prime lending rate of Mongolia
GDP decomposition by sector
Agriculture % of GDP16.5 % (2013)17.1 % (2012)
Industry % of GDP32.6 % (2013)32.9 % (2012)
Services % of GDP50.9 % (2013)50.0 % (2012)
Tourism
International tourism, number of arrivals476 Thousand (2012)460 Thousand (2011)456 Thousand (2010)
International tourism, number of arrivals of Mongolia
Yearly Tourist arrivals to residents ratio15.0 % (2012)14.7 % (2011)16.8 % (2010)
Yearly Tourist arrivals to residents ratio of Mongolia
Debt, Current Account Balance and Budget Deficit
Current Account Balance (Percentage of GDP)-32.57 % of GDP (2012)-31.51 % of GDP (2011)-14.29 % of GDP (2010)
Current Account Balance (Percentage of GDP) of Mongolia
External Debt Stocks (Percentage of GNI)53.0 % of GNI (2012)32.4 % of GNI (2011)44.4 % of GNI (2010)
External Debt Stocks (Percentage of GNI) of Mongolia
Short-term debt (percentage of total external debt)5.85 % of total external debt (2012)9.32 % of total external debt (2011)9.18 % of total external debt (2010)
Short-term debt (percentage of total external debt) of Mongolia
Current Account Balance (Total)-3.64 Billion $ (2013)-3.36 Billion $ (2012)-2.76 Billion $ (2011)
Current Account Balance (Total) of Mongolia
External Debt (Total)4.95 Billion $ (2013)4.67 Billion $ (2012)2.07 Billion $ (2011)
External Debt (Total) of Mongolia
External Debt (Percentage of GDP)44.5 % of GDP (2013)46.1 % of GDP (2012)23.6 % of GDP (2011)
External Debt (Percentage of GDP) of Mongolia
External Debt per Capita1,535 $ (2013)1,468 $ (2012)661 $ (2011)
External Debt per Capita of Mongolia