Diplomatic representation: Ambassador Gendengiin NYAMDOO;
US--Ambassador Richard L. WILLIAMS
Flag: three equal, vertical bands of red (hoist side), blue, and red;
centered on the hoist-side red band in yellow is a five-pointed star above the
national emblem (soyombo--a columnar arrangement of abstract and
geometric representations for fire, sun, moon, earth, water, and the yin-yang
symbol)
- Economy
Overview: Economic activity traditionally has been based on
agriculture and the breeding of livestock--Mongolia has the highest
number of livestock per person in the world. In recent years extensive
mineral resources have been developed with Soviet support. The mining and
processing of coal, copper, molybdenum, tin, tungsten, and gold
account for a large part of industrial production.
GDP: $1.7 billion, per capita $880 (1985 est.); average real
growth rate 3.6% (1976-85 est.)
Inflation rate (consumer prices): NA%
Unemployment rate: NA%
Budget: revenues $2.2 billion; expenditures $2.19 billion, including
capital expenditures of $0.9 billion (1987 est.)
Exports: $388 million (f.o.b., 1985); commodities--livestock, animal
products, wool, hides, fluorspar, nonferrous metals, minerals;
partners--nearly all trade with Communist countries (about 80% with USSR)
Imports: $1.0 billion (c.i.f., 1985); commodities--machinery and
equipment, fuels, food products, industrial consumer goods, chemicals, building
materials, sugar, tea;
partners--nearly all trade with Communist countries (about 80% with USSR)
External debt: $NA
Industrial production: growth rate 10.9% (1985)
Electricity: 657,000 kW capacity; 29,500 million kWh produced,
1,340 kWh per capita (1989)
Industries: processing of animal products, building materials, food and
beverage, mining (particularly coal)
Agriculture: accounts for 90% of exports and provides livelihood for about
50% of the population; livestock raising predominates (sheep, goats, horses);
crops--wheat, barley, potatoes, forage
Aid: about $500-$700 million annually from USSR
Currency: tughrik (plural--tughriks); 1 tughrik (Tug) = 100 mongos
Exchange rates: tughriks (Tug) per US$1--3.355 (1986-1988),
3.600 (1985)
Fiscal year: calendar year
- Communications
Railroads: 1,750 km 1.524-meter broad gauge (1986)
Highways: 46,700 km total; 1,000 km hard surface; 45,700 km other surfaces
(1986)
Inland waterways: 397 km of principal routes (1986)
Civil air: 22 major trans
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