Mongolia Profile:
- Mongolia is a landlocked unitary sovereign state in East Asia and is divided into 21 provinces.
- Mongolia is the 18th largest and the most sparsely populated fully sovereign country in the world and is also the world’s second-largest landlocked country and the largest landlocked country that does not border a closed sea.
- The government has focused a great deal on encouraging foreign investments and trade.
- The grey economy is estimated to be at least one-third the size of the official economy.
- The current government has made restoring investor trust and reviving the economy its top priority, but has failed to invigorate the economy in the face of the large drop-off in foreign direct investment, mounting external debt, and a sizeable budget deficit.
Mongolia Economy:
- Mongolia is ranked as the lower middle-income economy by the World Bank.
- Extensive deposits of copper, gold, coal, molybdenum, fluorspar, uranium, tin, and tungsten have transformed Mongolia’s landlocked economy from its traditional dependence on herding and agriculture.
- The economy had grown more than 10% per year between 2011 and 2013 – largely on the strength of commodity exports and high government spending – before slowing to 7.8% in 2014, 2.3% in 2015, and 1% in 2016.
- Remittances from Mongolians working abroad, particularly in South Korea, are significant.
- Despite the growth, the proportion of the population below the poverty line was estimated to be 35.6% in 1998, 36.1% in 2002–2003, and 32.2% in 2006.
Mongolia Facts:
- Population: 3.1 million
- Capital: Ulaanbaatar
- Largest city: Ulaanbaatar
- Area: 1,564,116 sq km
- Major language: Mongolian 90% (official), Turkic, Russian
- Major religion: Buddhist 53%, Muslim 3%, Shamanist 2.9%, Christian 2.2%, other 0.4%
- Life expectancy: 65.7 years (Male), 74.4 years (Female)
- Monetary unit: 1 Togrog (MNT) = 100 Möngö
- Main exports: Copper, apparel, livestock, animal products, cashmere, wool, hides, fluorspar, other nonferrous metals, coal, crude oil
- GNI per Capita: $11,450
Our Market Research Services in Mongolia:
- Market Research Fieldwork in Mongolia
- Qualitative Research in Mongolia
- Quantitative Research in Mongolia
- Aerospace Market Research in Mongolia
- Automotive Market Research in Mongolia
- Life science Market Research in Mongolia
- Chemical Market Research in Mongolia
- Construction Market Research in Mongolia
- Consumer Goods Market Research in Mongolia
- Education Market Research in Mongolia
- Energy and Power Market Research in Mongolia
- Engineering Market Research in Mongolia
- Financial Market Research in Mongolia
- Food and Beverage Market Research in Mongolia
- Healthcare Market Research in Mongolia
- Hospital Market Research in Mongolia
- Hospitality Market Research in Mongolia
- Entertainment Market Research in Mongolia
- Medical Devices Market Research in Mongolia
- Metals and Mining Market Research in Mongolia
- Oil and Gas Market Research in Mongolia
- Pharmaceutical Market Research in Mongolia
- Retail Market Research in Mongolia
- Telecommunication Market Research in Mongolia
- Transportation Market Research in Mongolia
- Travel and Tourism Market Research in Mongolia
We Employ A Wide Range of Research Techniques in Mongolia:
- Advertising Research in Mongolia
- Brand Research in Mongolia
- B2B Research in Mongolia
- Concept Testing in Mongolia
- Consumer Research in Mongolia
- Customer Satisfaction Research in Mongolia
- Entertainment Research in Mongolia
- Ethnographic Research in Mongolia
- Eye Tracking and Facial Coding in Mongolia
- Focus Groups in Mongolia
- Sensory Research in Mongolia
- Healthcare Research in Mongolia
- Industrial Research in Mongolia
- Lifestyle Research in Mongolia
- Media Communication Research in Mongolia
- Mystery Shopping in Mongolia
- One-on-One Research in Mongolia
- Package Research in Mongolia
- Secondary Research in Mongolia
- Sensory Research in Mongolia
- Usability Testing in Mongolia
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