Mongolia flag

Mongolia

Capital

Ulan Bator

Region

Asia

Population

3,544,835

Area (km²)

1,564,110

💡Quick Summary

Mongolia, a vast landlocked nation in Asia spanning 1,564,110 km², is home to a population of about 3.5 million people, with Ulaanbaatar as its bustling capital. Renowned for its nomadic heritage and expansive steppes, the country blends ancient traditions with modern challenges, though detailed GDP figures are currently unavailable. Despite its sparse population density, Mongolia boasts rich mineral resources and a growing tourism sector drawing adventurers to its dramatic landscapes.

Key Insights

High Fertility Rate Supports Population Growth

Mongolia's fertility rate of 2.70 is significantly above the replacement level (2.1), indicating a strong potential for continued population growth. This contrasts with many developed and East Asian nations experiencing declining birth rates, suggesting a favorable demographic structure for future labor supply.

Low Forest Cover for a Large Landmass

Mongolia's forest area accounts for only 9.092% of its total land area. Given its massive size (1.56 million sq km), this low percentage highlights the predominance of steppe and desert environments, making the existing forest resources particularly vulnerable to climate change and resource exploitation.

Life Expectancy Nearing Developed Country Levels

With a life expectancy of 72.12 years, Mongolia is performing relatively well, comparing favorably to the global average and showing significant progress in health outcomes. Coupled with a low infant mortality rate (11.400 per 1,000 live births), this suggests effective basic healthcare access, especially in urban centers.

High Economic Growth Despite Double-Digit Inflation

Mongolia achieved a robust GDP growth rate of 7.422% in 2023, indicating significant economic activity, likely driven by resource exports. However, this rapid expansion is coupled with high inflationary pressure (10.348%), posing challenges to maintaining purchasing power and economic stability for its citizens.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$20.33B

Year: 2023

GDP Per Capita

$5,838.63

GDP Growth (%)

7.42%

Inflation (%)

10.35%

Unemployment (%)

5.5%

Debt to GDP (%)

N/A%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-8.00%-4.00%0.00%4.00%8.00%
  • GDP Growth (%)
Population Growth
Total population over time
20142015201620172018201920202021202220230900,0001,800,0002,700,0003,600,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years20.0years40.0years60.0years80.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%0.9%1.8%2.7%3.6%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$1,500$3,000$4,500$6,000
  • GDP Per Capita ($)

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