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Economic activity in Mongolia has traditionally been based on herding and agriculture - Mongolia's extensive mineral deposits, however, have attracted foreign investors. The country holds copper, gold, coal, molybdenum, fluorspar, uranium, tin, and tungsten deposits, which account for a large part of foreign direct investment and government revenues. Soviet assistance, at its height one-third of GDP, disappeared almost overnight in 1990 and 1991 at the time of the dismantlement of the USSR. The following decade saw Mongolia endure both deep recession, because of political inaction and natural disasters, as well a...  More..

Economy of Mongolia
SOURCE: CIA - The World Factbook
Currency Togrog
GDP (PPP) $9.456 billion (2009 est.)
GDP (per capita) $3,200 (2009 est.)
Exports $1.902 billion (2009)
Imports $2.131 billion (2009)
Main Industries Construction 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
Exports - Commodities Copper, Apparel, Livestock, Animal Products, Cashmere, Wool, Hides, Fluorspar, Other Nonferrous Metals, Coal
Imports - Commodities Machinery and Equipment, Fuel, Cars, Food Products, Industrial Consumer Goods, Chemicals, Building Materials, Sugar, Tea
Exports Partners China 64.5%, Canada 6.9%, UK 6.5%, Luxembourg 6.4%, US 4.5% (2008)
Imports Partners Russia 38.4%, China 27.8%, Japan 7.4%, South Korea 6% (2008)

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