A
note: opposition parties were legalized in May 1990

International organization participation: AsDB, CCC, ESCAP, FAO,
G-77, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF,
Intelsat (nonsignatory user), Interpol, IOC, ISO, ITU, NAM
(observer), UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WIPO, WMO,
WToO, WTrO (applicant)

Diplomatic representation in US:
chief of mission: Ambassador Jalbuugiyn CHOINHOR
chancery: 2833 M Street NW, Washington, DC 20007
telephone: [1] (202) 333-7117
FAX: [1] (202) 298-9227
consulate(s) general: New York

US diplomatic representation:
chief of mission: Ambassador Donald C. JOHNSON
embassy: inner north side of the Big Ring, just west of the Selbe
Gol, Ulaanbaatar
mailing address: c/o American Embassy Beijing, Micro Region 11, Big
Ring Road; PSC 461, Box 300, FPO AP 96521-0002
telephone: [976] (1) 329095, 329606
FAX: [976] (1) 320776

Flag: three equal, vertical bands of red (hoist side), blue, and
red, centered on the hoist-side red band in yellow is the national
emblem ("soyombo" - a columnar arrangement of abstract and geometric
representation for fire, sun, moon, earth, water, and the yin-yang
symbol)

Economy
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Economic overview: Mongolia's severe climate, scattered
population, and wide expanses of unproductive land have constrained
economic development. Economic activity traditionally has been based
on agriculture and the breeding of livestock. In past years
extensive mineral resources had been developed with Soviet support;
total Soviet assistance at its height amounted to 30% of GDP. The
mining and processing of coal, copper, molybdenum, tin, tungsten,
and gold account for a large part of industrial production. Timber
and fishing are also important sectors. The Mongolian leadership has
been gradually making the transition from Soviet-style central
planning to a market economy through privatization and price reform
and has been soliciting support from international financial
agencies and foreign investors. The economy, however, has still not
recovered from the loss of Soviet aid. The country continues to
suffer substantial economic hardships, with one-fourth of the
population below the poverty line.

GDP: purchasing power parity - $4.9 billion (1995 est.)

GDP real growth rate: 6% (1995 est.)

GDP per capita: $1,970 (1995 est.)

GDP composition by sector:
agriculture: 28%