Doing Business In Mongolia – 2024

I. BUSINESS CLIMATE

Tremendous mineral reserves, agricultural endowments, and proximity to Asia's vast markets make Mongolia an attractive destination for medium to long-term foreign direct investment (FDI). FDI constitutes 60 percent of the country's total investment, and by the end of 2023, Mongolia has attracted FDI totaling $3.1 billion.

According to national statistics, as of the first half of 2022, Mongolia's GDP stands at 12.8 trillion MNT (at 2015 par prices) and 23.0 trillion MNT (at annual prices)¹.

The significant features and advantages of Mongolia include, but are not limited to, the following:

• Diversified and growing market exists in Mongolia;
• Technology Innovation Hub;