From herding and agriculture to the development of extensive mineral deposits of copper, coal, molybdenum, tin, tungsten, and gold, Mongolia attracts and convinces global investors with its emerging market of + 3 million consumers.
Dominant industries in the composition of GDP are wholesale and retail trade and service, transportation and storage, and real estate activities.
The grey economy is estimated to be at least one-third the size of the official economy.
Mongolia is ranked as lower middle income economy by the World Bank. A boom in the mining sector is real.
In effect, Minerals represent more than 80% of Mongolia's exports, a proportion expected to eventually rise to 95%.
+30% of all households in Mongolia lived from breeding livestock.
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