Compare Mongolia (2008) - Mongolia (2007)

Compare Mongolia (2008) z Mongolia (2007)

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	Mongolia (2008)	Mongolia (2007)

Background	The Mongols gained fame in the 13th century when under Chinggis KHAN they conquered a huge Eurasian empire. After his death the empire was divided into several powerful Mongol states, but these broke apart in the 14th century. The Mongols eventually retired to their original steppe homelands and in the late 17th century came under Chinese rule. Mongolia won its independence in 1921 with Soviet backing. A Communist regime was installed in 1924. Following a peaceful democratic revolution, the ex-Communist Mongolian People's Revolutionary Party (MPRP) won elections in 1990 and 1992, but was defeated by the Democratic Union Coalition (DUC) in the 1996 parliamentary election. Since then, parliamentary elections returned the MPRP overwhelmingly to power in 2000, but 2004 elections reduced MPRP representation and, therefore, its authority.	The Mongols gained fame in the 13th century when under Chinggis KHAN they conquered a huge Eurasian empire. After his death the empire was divided into several powerful Mongol states, but these broke apart in the 14th century. The Mongols eventually retired to their original steppe homelands and later came under Chinese rule. Mongolia won its independence in 1921 with Soviet backing. A Communist regime was installed in 1924. The ex-Communist Mongolian People's Revolutionary Party (MPRP) won elections in 1990 and 1992, but was defeated by the Democratic Union Coalition (DUC) in the 1996 parliamentary election. Since then, parliamentary elections returned the MPRP overwhelmingly to power in 2000 and produced a coalition government in 2004.
Budget	revenues: $1.162 billion expenditures: $1.057 billion (2006)	revenues: $695.3 million expenditures: $634.5 million (2005)
Diplomatic representation in the US	chief of mission: Ambassador (vacant); Charge d'Affaires Banzragch ODONJIL chancery: 2833 M Street NW, Washington, DC 20007 telephone: [1] (202) 333-7117 FAX: [1] (202) 298-9227	chief of mission: Ambassador Ravdan BOLD chancery: 2833 M Street NW, Washington, DC 20007 telephone: [1] (202) 333-7117 FAX: [1] (202) 298-9227
Economy - overview	Economic activity in Mongolia has traditionally been based on herding and agriculture. Mongolia has extensive mineral deposits. Copper, coal, gold, molybdenum, fluorspar, uranium, tin, and tungsten account for a large part of industrial production and foreign direct investment. Soviet assistance, at its height one-third of GDP, disappeared almost overnight in 1990 and 1991 at the time of the dismantlement of the USSR. The following decade saw Mongolia endure both deep recession because of political inaction and natural disasters, as well as economic growth because of reform-embracing, free-market economics and extensive privatization of the formerly state-run economy. Severe winters and summer droughts in 2000-02 resulted in massive livestock die-off and zero or negative GDP growth. This was compounded by falling prices for Mongolia's primary sector exports and widespread opposition to privatization. Growth was 10.6% in 2004, 5.5% in 2005, 7.5% in 2006, and 9.9% in 2007 largely because of high copper prices and new gold production. Mongolia is experiencing its highest inflation rate in over a decade as consumer prices in 2007 rose 15%, largely because of increased fuel and food costs. Mongolia's economy continues to be heavily influenced by its neighbors. For example, Mongolia purchases 95% of its petroleum products and a substantial amount of electric power from Russia, leaving it vulnerable to price increases. Trade with China represents more than half of Mongolia's total external trade - China receives nearly 70% of Mongolia's exports. Remittances from Mongolians working abroad both legally and illegally are sizable, and money laundering is a growing concern. Mongolia settled its $11 billion debt with Russia at the end of 2003 on favorable terms. Mongolia, which joined the World Trade Organization in 1997, seeks to expand its participation and integration into Asian regional economic and trade regimes.	Economic activity in Mongolia has traditionally been based on herding and agriculture. Mongolia has extensive mineral deposits. Copper, coal, molybdenum, tin, tungsten and gold account for a large part of industrial production. Soviet assistance, at its height one-third of GDP, disappeared almost overnight in 1990 and 1991 at the time of the dismantlement of the USSR. The following decade saw Mongolia endure both deep recession due to political inaction and natural disasters, as well as economic growth because of reform-embracing, free-market economics and extensive privatization of the formerly state-run economy. Severe winters and summer droughts in 2000-02 resulted in massive livestock die-off and zero or negative GDP growth. This was compounded by falling prices for Mongolia's primary sector exports and widespread opposition to privatization. Growth was 10.6% in 2004, 5.5% in 2005, and 7.5% in 2006, largely because of high copper prices and new gold production. Mongolia's economy continues to be heavily influenced by its neighbors. For example, Mongolia purchases 80% of its petroleum products and a substantial amount of electric power from Russia, leaving it vulnerable to price increases. China is Mongolia's chief export partner and a main source of the "shadow" or "grey" economy. The World Bank and other international financial institutions estimate the grey economy to be at least equal to that of the official economy, but the former's actual size is difficult to calculate since the money does not pass through the hands of tax authorities or the banking sector. Remittances from Mongolians working abroad both legally and illegally are sizable, and money laundering is a growing concern. Mongolia settled its $11 billion debt with Russia at the end of 2003 on favorable terms. Mongolia, which joined the World Trade Organization in 1997, seeks to expand its participation and integration into Asian regional economic and trade regimes.
Exchange rates	togrogs/tugriks per US dollar - 1,170 (2007), 1,179.6 (2006), 1,205 (2005), 1,185.3 (2004), 1,146.5 (2003)	togrogs/tugriks per US dollar - 1,179.6 (2006), 1,205 (2005), 1,185.3 (2004), 1,146.5 (2003), 1,110.3 (2002)
Executive branch	chief of state: President Nambaryn ENKHBAYAR (since 24 June 2005) head of government: Prime Minister Sanjaa BAYAR (since 22 November 2007); Deputy Prime Minister Miegombyn ENKHBOLD (since 6 December 2007) cabinet: Cabinet nominated by the prime minister in consultation with the president and confirmed by the State Great Hural (parliament) elections: presidential candidates nominated by political parties represented in State Great Hural and elected by popular vote for a four-year term (eligible for a second term); election last held 22 May 2005 (next to be held in May 2009); following legislative elections, leader of majority party or majority coalition is usually elected prime minister by State Great Hural election results: Nambaryn ENKHBAYAR elected president; percent of vote - Nambaryn ENKHBAYAR 53.44%, Mendsaikhanin ENKHSAIKHAN 20.05%, Bazarsadyn JARGALSAIKHAN 13.92%, Badarchyn ERDENEBAT 12.59%; Miegombyn ENKHBOLD elected prime minister by the State Great Hural 56 to 10	chief of state: President Nambaryn ENKHBAYAR (since 24 June 2005) head of government: Prime Minister Sanjaa BAYAR (since 22 November 2007); Deputy Prime Minister Mendsaikhan ENKHSAIKHAN (since 28 January 2006) cabinet: Cabinet nominated by the prime minister in consultation with the president and confirmed by the State Great Hural (parliament) elections: presidential candidates nominated by political parties represented in State Great Hural and elected by popular vote for a four-year term (eligible for a second term); election last held 22 May 2005 (next to be held in May 2009); following legislative elections, leader of majority party or majority coalition is usually elected prime minister by State Great Hural election results: Nambaryn ENKHBAYAR elected president; percent of vote - Nambaryn ENKHBAYAR 53.44%, Mendsaikhanin ENKHSAIKHAN 20.05%, Bazarsadyn JARGALSAIKHAN 13.92%, Badarchyn ERDENEBAT 12.59%; Miegombyn ENKHBOLD elected prime minister by the State Great Hural 56 to 10
Exports - partners	China 71.7%, Canada 11.7%, US 7.3% (2006)	China 71.8%, Canada 11.7%, US 7.3% (2006)
GDP - composition by sector	agriculture: 18.8% industry: 40.4% services: 40.8% (2006)	agriculture: 21.7% industry: 27.9% services: 50.4% (2003 est.)
GDP - real growth rate	8.4% (2006)	7.5% according to official estimate (2006 est.)
Imports - partners	Russia 29.7%, China 29.4%, Japan 11.9% (2006)	Russia 29.8%, China 29.5%, Japan 11.9% (2006)
International organization participation	ADB, ARF, CP, EBRD, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, NAM, OPCW, OSCE (partner), SCO (observer), UN, UNCTAD, UNESCO, UNIDO, UNMIL, UNMIS, UNOMIG, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO	ARF, AsDB, CP, EBRD, FAO, G-77, IAEA, IBRD, ICAO, ICCt, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, MONUC, NAM, OPCW, OSCE (partner), SCO (observer), UN, UNCTAD, UNESCO, UNIDO, UNMIL, UNMIS, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO
Labor force	1.042 million (2006)	1.577 million (2005)
Labor force - by occupation	agriculture: 39.9% industry: 11.7% services: 49.4% (2006)	agriculture: 39.9% industry: 31.4% services: 28.7% (2005)
Legislative branch	unicameral State Great Hural 76 seats; members elected by popular vote to serve four-year terms elections: last held 27 June 2004 (next to be held on 29 June 2008) election results: percent of vote by party - MPRP 48.8%, MDC 44.8%, independents 3.5%, Republican Party 1.5%, others 1.4%; seats by party - MPRP 36, MDC 34, others 4; note - 2 seats disputed and unfilled; following June 2004 election MDC collapsed	unicameral State Great Hural 76 seats; members elected by popular vote to serve four-year terms elections: last held 27 June 2004 (next to be held in June 2008) election results: percent of vote by party - MPRP 48.8%, MDC 44.8%, independents 3.5%, Republican Party 1.5%, others 1.4%; seats by party - MPRP 36, MDC 34, others 4; note - 2 seats disputed and unfilled; following June 2004 election MDC collapsed
Military branches	Mongolian Armed Forces: Mongolian Army, Mongolian Air Force; there is no navy (2008)	Mongolian Armed Forces: Mongolian People's Army (MPA), Mongolian People's Air Force (Agaaryn Dovtolgoonoos Khamgaalakh Tsergiyn Komandial, MPAF); there is no navy (2007)
Political parties and leaders	Citizens Will Party [Sanjaasurengiin OYUN] (also called Civil Will); Democratic Party or DP [Tsakhiagiyn ELBEGDORJ]; Motherland-Mongolian New Socialist Democratic Party or M-MNSDP [Badarchyn ERDENEBAT]; Mongolian People's Revolutionary Party or MPRP [Sanji BAYAR]; Mongolian Republican Party or MRP [Bazarsadyn JARGALSAIKHAN]; People's Party or PP [Lamjav GUNDALAI] note: DP and Motherland Party formed Motherland-Democracy Coalition (MDC) in 2003 and with cooperation from Civil Will and Republican parties contested June 2004 elections as single party; coalition was dissolved in December 2004	Citizens' Will Republican Party or CWRP [Sanjaasurengiin OYUN] (also called Civil Courage Republican Party or CCRP); Democratic Party or DP [Tsakhiagiyn ELBEGDORJ]; Motherland-Mongolian New Socialist Democratic Party or M-MNSDP [Badarchyn ERDENEBAT]; Mongolian People's Revolutionary Party or MPRP [Sanji BAYAR]; Mongolian Republican Party or MRP [Bazarsadyn JARGALSAIKHAN]; People's Party or PP [Lamjav GUNDALAI] note: DP and M-MNSDP formed Motherland-Democracy Coalition (MDC) in 2003 and with CWRP contested June 2004 elections as single party; MDC's leadership dissolved coalition in December 2004
Telephone system	general assessment: network is improving with international direct dialing available in many areas domestic: very low fixed-line density; there are multiple mobile cellular service providers and subscribership is increasing rapidly; a fiber-optic network is also being installed that will improve broadband and communication services between major urban centers international: country code - 976; satellite earth stations - 7	general assessment: network is improving with international direct dialing available in many areas domestic: very low density of about 6 main lines per 100 persons (roughly 25 per 100 persons including cellular mobile phones); there are 3 wireless providers international: country code - 976; satellite earth stations - 7
Telephones - main lines in use	158,900 (2006)	156,000 (2005)
Telephones - mobile cellular	775,300 (2006)	557,200 (2005)
Unemployment rate	3.2% (2006)	3.3% (2005)

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