International organization participation: AsDB, ASEAN (observer),
CCC, ESCAP, FAO, G-77, IAEA, IBRD, ICAO, ICFTU, ICRM, IDA, IFAD,
IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol, IOC, ISO, ITU, OPCW,
UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WMO, WToO, WTrO
Diplomatic representation in the US:
chief of mission: Ambassador Jalbuugiyn CHOINHOR
chancery: 2833 M Street NW, Washington, DC 20007
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, C.P.O. 1021, Ulaanbaatar 13; PSC 461, Box 300, FPO AP
96521-0002
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)
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 and economic growth picked up in 1997 and 1998 after stalling in 1996 due to a series of natural disasters and declines in world prices of copper and cashmere. Mongolia joined the World Trade Organization in 1997.
GDP: purchasing power parity—$5.8 billion (1998 est.)
GDP—real growth rate: 3.5% (1998 est.)
GDP—per capita: purchasing power parity?$2,250 (1998 est.)
GDP—composition by sector: agriculture: 31% industry: 35% services: 34% (1997 est.)