Countries that have been able to put in place good institutional arrangements have overcome these obstacles, and the so-called ‘resource curse’, whereas countries struggling with corruption, governance and accountability have not. Mongolia is a sparsely populated country with a total population of 2.9 million. That is, if a country’s institutional quality remains weak, the country will not be able to attract foreign investment, which is of paramount importance to reaching full economic potential. Relative ease of establishing a business. Classeditori, Gross domestic expenditure on R&D; (% of GDP), Public debt (General government gross debt as a % of GDP), Public deficit (General government net lending/borrowing as a % of GDP), Current account balance by percentage of GDP, Exports as percent of GDP (Exports of goods and services), Shares in world total merchandising export, Shares in world total commercial services export, Value of cross-border M&A, by country of purchaser, Cross-border M&A deals worth over $3 billion completed in 2014, Cross-border M&A deals worth over $3 billion completed in 2015, Urban population as % of total population, % of population living on less than $3.10 a day, Inequality of wealth distribution (Gini index), Total telephone subscribers as % of population, World's Best Banks 2020: DBS Honored As World’s Best Bank, Looking Past The Pandemic: Q&A With Bloomberg Beta's Roy Bahat, Related Archival Articles & Country Reports, CIA World Factbook / GDP - composition by sector, World Trade Organization / World Trade Statistical Review, CIA World Factbook / Exports - major partners, CIA World Factbook / Imports - major partners, United Nations Conference on Trade and Development (UNCTAD) - World Investment Report 2016, World Economic Forum / Global competitiveness ranking, CIA World Factbook / Population median age, CIA World Factbook / Population growth rate, World’s Best Emerging Markets Banks in Asia-Pacific 2013, WORLD'S BEST EMERGING MARKET BANKS IN ASIA 2012, WORLD'S BEST EMERGING MARKET BANKS 2011 IN ASIA, Features: Awards–Best Emerging Market Banks 2010 Asia, World’s Best Consumer Internet Banks in Asia 2013, Best Investment Banks 2013: Country Winners, Best Investment Banks 2012: Country Awards, World’s Best Banks : Asia Country Winners, Award Winners : The World’s Best Banks 2005, Cover Story : World’s Best Banks/asia Pacific, World's Best Emerging Markets Banks in Asia-Pacific 2014, Features: Annual Survey: Russia's Roller Coaster Runs On Oil, Building Resilience: Q&A With Bank Of Mongolia First Deputy Governor Erdembileg Ochirkhuu, Corporate Debt: Fed Tapering To Stay On Track, View all Mongolia GDP and Economic Data content. Mongolia, which has been growing at double-digit rates since the short recession that followed the global financial crisis, is struggling to find the right path in making use of abundant resources to improve the lives of its citizens, while providing a stable and fair business environment for investors. Most importantly, the outcome of these challenges will greatly affect the livelihood of Mongolians. Definition: age 15 and over can read and write (2015 est. October 18: Asia won’t beat COVID-19 without international money, October 11: Resilient supply chains can inoculate against vaccine nationalism, October 4: ASEAN members can still have their cake and eat it too, Myanmar’s tenuously balanced path towards democracy, In Indonesia, democracy means loving thine enemy, The multilateral system: use it, or lose it, Central Institute for Economic Management, Centre for Strategic and International Studies, Fiscal Plicy Research Institute Foundation, Institute of World Economics and Politics, Korea Institute for International Economic Policy, New Zealand Institute of Economic Research, Philippines Institute for Development Studies, Singapore Centre for Applied and Policy Economics, Bangladesh Institute of Development Studies, Indian Council for Research on International Economic Relations, Indira Gandhi Institute of Development Research, Institute for Integrated Development Studies, Marga Institute: Centre for Development Studies, National Centre of Applied Economic Research, National Institute of Public Finance and Policy, Pakistan Institute of Development Economics, Research and Information System for Developing Countries.
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