About Mongolia's economy

Mongolia's economy is primarily driven by mining, with copper, gold, and coal being the country's main exports. The mining sector accounts for over 25% of Mongolia's GDP and over 80% of its exports. In 2021, Mongolia's GDP was estimated at $15.29 billion, with a GDP per capita of $4,566.14. The country's main trading partners are China and Russia, with China accounting for over 60% of Mongolia's exports. In 2021, Mongolia's total exports were worth $12.45 billion, while its total imports were worth $8.63 billion. Government procurement in Mongolia is worth an estimated $2.5 billion per year. The government is the country's largest purchaser of goods and services, and its procurement practices are subject to a number of laws and regulations.

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