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