Mongolia [+]Compare [E]dit [H]istory

Aliases: Mongol Uls, Mongolian People's Republic, Outer Mongolia

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Object «Mongolia» has attributes

Attribute Value
Geography
Area 1,564,116 km²
Continent Asia
Land area 1,553,556 km²
Water area 10,560 km²
Land boundaries 8,082 km
Border countries
  • China
  • Russia
Coastline 0 km
Mean elevation 1,528 m
Lowest point 560 m
Highest point 4,374 m
People
Population 3,168,026
Official languages
  • Mongolian
Religion Buddhist
Government
Long country name Add
Short country name Mongolia
Long local name Add
Short local name Mongol Uls
Former name
  • Mongolian People's Republic
  • Outer Mongolia
Government type Semi-presidential republic
Capital Ulaanbaatar
Economy
GDP (PPP) 43,540,000,000 USD
GDP (OER) 11,140,000,000 USD
GDP (real growth rate) 5.1 %
GDP - per capita (PPP) 13,700 USD
Gross national saving 26.9 % of GDP
Labor force 1,241,000
Unemployment rate 8 %
Population below poverty line 29.6 %
Budget revenues 2,967,000,000 USD
Budget expenditures 3,681,000,000 USD
Military expenditures 0.68 % of GDP
Taxes and other revenues 26.6 % of GDP
Budget surplus or deficit -6.4 % of GDP
Public debt 91.4 % of GDP
Inflation rate 4.6 %
Central bank discount rate 11 %
Commercial bank prime lending rate 20.01 %
Stock of narrow money 1,164,000,000 USD
Stock of broad money 1,164,000,000 USD
Stock of domestic credit 7,542,000,000 USD
Market value of publicly traded shares 632,600,000 USD
Current account balance -1,155,000,000 USD
Exports 7,012,000,000 USD
Imports 5,875,000,000 USD
Reserves of foreign exchange and gold 3,016,000,000 USD
External debt 25,330,000,000 USD
National currency togrog/tugriks
National currency (code) MNT
National currency (symbol)
National currency rate to USD 2

The Mongols gained fame in the 13th century when under Chinggis KHAAN they established a huge Eurasian empire through conquest. After his death the empire was divided into several powerful Mongol states, but these broke apart in the 14th century. The Mongols eventually retired to their original steppe homelands and in the late 17th century came under Chinese rule. Mongolia declared its independence from the Manchu-led Qing Empire in 1911 and achieved limited autonomy until 1919, when it again came under Chinese control. The Mongolian Revolution of 1921 ended Chinese dominance, and a communist regime, the Mongolian People’s Republic, took power in 1924. The modern country of Mongolia, represents only part of the Mongols' historical homeland; today, more ethnic Mongolians live in the Inner Mongolia Autonomous Region in the People's Republic of China than in Mongolia. Since the country's peaceful democratic revolution in 1990, the ex-communist Mongolian People's Revolutionary Party (MPRP) - which took the name Mongolian People’s Party (MPP) in 2010 - has competed for political power with the Democratic Party (DP) and several other smaller parties, including a new party formed by former President ENKHBAYAR, which confusingly adopted for itself the MPRP name. In the country's most recent parliamentary elections in June 2016, Mongolians handed the MPP overwhelming control of Parliament, largely pushing out the DP, which had overseen a sharp decline in Mongolia’s economy during its control of Parliament in the preceding years. Mongolians elected a DP member, Khaltmaa BATTULGA, as president in 2017.

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There were 2 edits, no edits waiting approval. Last edited by Guest_1196(-101), May 26, 2020 (48 fields were changed)
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