Economy

Economy
GDP (2009 est.): 6.1 trillion Mongolian Tugruks/MNT (U.S. $4.2 billion at current exchange rates).
GDP growth (2009): -1.6%.
Per capita GDP (2009): approx. $1,551.


Natural resources: Coal (thermal and metallurgical), copper, molybdenum, silver, iron, phosphates, tin, nickel, zinc, wolfram, fluorspar, gold, uranium, and petroleum.
Agriculture (21.2% of 2009 GDP, livelihood for about 40% of population): Products--livestock and byproducts, hay fodder, vegetables.
Industry (30.5% of 2009 GDP, includes mining 22%, manufacturing 5.9%, and utilities (electricity, gas, and water) 2.6%: Types--minerals (primarily copper and gold), animal-derived products, building materials, food/beverage.
Trade: Total turnover of foreign trade for 2009 was $4.02 billion. Exports--$1.88 billion (U.S. dollar (USD) figures based on current USD/MNT exchange rate): minerals, livestock, animal products, and textiles. Markets--Asian countries (approx. 75.5%), European countries (approx. 15.81%), and countries of American continent (approx. 8.5%). Imports--$2.13 billion: machinery and equipment, fuels, food products, industrial consumer goods, chemicals, building equipment, vehicles, textiles. Suppliers--91 countries account for 93.2% of total imports, of which European countries (50.5%) and Asian countries (42.7%).
Aid received: From 1990-2008, official development assistance to Mongolia from bilateral and multilateral donors totaled over $3.698 billion. Received $185.94 million in official development assistance in 2008.
Fiscal year: Calendar year.