3.4m

Population

28

Median Age

1,566,000 km2

Land Area

US$ 19.9b

GDP

US$ 5,765

GDP per capita

Democracy

Political System

26 countries

Tax Treaties

44 countries

Foreign Investment Protection and Promotion Agreements

Economic Potential`.`

Mining and Natural Resources:

Mongolia is a global leader in mineral resources, with an estimated US$2 trillion in reserves, including copper, gold, coal, and fluorite. Recognized by the IMF as the world’s largest untapped mining investment destination, Mongolia offers vast potential through major projects like Oyu Tolgoi and Tavan Tolgoi, which hold combined deposits exceeding US$600 billion. Mining exports, primarily to China, drive the country's economic growth, with positive spillover effects boosting the infrastructure, energy, construction, and retail sectors.

Renewable Energy:

Mongolia has vast potential for renewable energy, particularly wind and solar. The country has the capacity to generate 2,600 GW of installed energy, positioning it as a potential leader in supplying renewable energy to the region. Investments from Japan and SoftBank are already underway, and the government aims to reach 30% renewable energy in its energy mix by 2030.

Agriculture:

Mongolia, with over 70 million livestock, is well-positioned to be a strategic meat supplier to China and beyond. The organic meat industry, valued at US$500 million, has significant growth potential, with strong demand from Northern China, which imports over US$6 billion in mutton annually.

Lifestyle Changes and Consumer Preferences`.`

As Mongolia’s economy expands and urbanization accelerates, residents in cities and provinces are increasingly adopting a fast-paced lifestyle. This shift is driving a greater emphasis on quick, convenient, and high-quality experiences in daily activities. Premium Corporation is at the forefront of meeting these evolving needs and preferences. With a positive economic outlook characterized by rising GDP per capita and stable consumer spending, these trends are expected to strengthen even further.

Political Stability and Economic Reforms`.`

Since the 2016 elections, the Mongolian People’s Party (MPP) has held a strong parliamentary majority, ensuring policy stability. In July 2024, Mongolia formed a coalition government, uniting the MPP, Democratic Party (DP) and Khun Party (KhP). This move aims to strengthen political stability, foster continuity, and create a more favorable environment for economic reforms, foreign investment, and long-term development.

The coalition signals a strong commitment to multipartisan cooperation aimed at addressing Mongolia’s challenges. This collaborative approach reassures international investors of the country’s stability and enhances its openness to foreign investment.

Enhanced International Trade and Collaboration`.`

Mongolia’s geographical proximity to China, the world's largest resource market, along with deep-rooted cultural ties to Central and East Asia, provides significant potential for international trade and partnerships. In recent years, the Mongolian government has been actively working on enhancing international trade and investing in infrastructure development to facilitate smoother trade flows.

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