Mongolia

While it is much improved from its state of near-collapse following the end of the Soviet period, health care has failed to truly recover. Thanks to the work of a number of donors, a few local doctors, and small investments made by international medical groups, it has experienced some improvements. However, the health care industry is underfunded, lacking in qualified doctors, and almost devoid...

Forty per cent of Mongolia’s population is employed in the agricultural sector, which makes up 15% of GDP. The sector, which involves the raising of livestock for meat and wool, as well as the cultivation of grains and vegetables, has the biggest impact on the lives of average Mongolians. What is particularly encouraging for Mongolia is the possibility of becoming self-sufficient in terms of...

Endowed with isolated, unspoilt nature and nomadic Buddhist culture, Mongolia has managed to develop a small but potentially profitable tourism sector that is expanding through support from the government and a focus on the adventure and nature segments. The country’s main sources of genuine leisure tourism over the past decade have been more affluent countries, including Japan, South Korea,...

Mongolia’s real estate sector is likely to feature fast-rising rents, land values and sales prices for at least the next several years. Per capita GDP is forecast to triple by 2016, creating a jump in buying power that will add to an already short supply of homes in the capital. Thus Ulaanbaatar seems poised to experience major price hikes. There is an increasing demand for housing as the...

With an overall population density of only two people per square mile, and 40% of the nation living nomadically, providing 3G services has been more challenging than in other countries. However, as of December 2012, 3G services became available in all provinces. With 27% of the population under the age of 15 and a GDP that grew 15.7% per capita in 2011, the number of 3G users is expected to...

Although it may never compete with neighbours with well-established manufacturing sectors and economies of scale, Mongolia has the potential to meet domestic needs and produce goods, such as meat and cashmere for export. The move into mass production faces a host of constraints: Mongolia has a small domestic market, poor infrastructure, a growing minerals sector competing for labour and capital...