Diplomatic representation in the 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
Diplomatic representation from the US: chief of mission: Ambassador Alphonse F. LA PORTA 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 FAX: [976] (1) 320776
Flag description: 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)
@Mongolia:Economy
Economy-overview: The government has embraced free-market economics, freezing spending, easing price controls, liberalizing domestic and international trade. Mongolia's severe climate, scattered population, and wide expanses of unproductive land, however, 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, but disappeared almost overnight in 1990-91. The mining and processing of coal, copper, molybdenum, tin, tungsten, and gold account for a large part of industrial production. The Mongolian leadership has been soliciting support from foreign donors, who pledged some $250 million in aid in October 1997. Economic growth picked up in 1997 after stalling in 1996 due to a series of natural disasters and declines in world prices of copper and cashmere.
GDP: purchasing power parity-$5.6 billion (1997 est.)
GDP-real growth rate: 3.3% (1997 est.)
GDP-per capita: purchasing power parity-$2,200 (1997 est.)
GDP-composition by sector: agriculture: 34% industry: 32% services: 34% (1995 est.)
Inflation rate-consumer price index: 17.5% (1997 est.)