Mongolia

  • President:Ukhnaagiin Khürelsükh
  • Prime Minister:Luvsannamsrain Oyun-Erdene
  • Capital city:Ulaanbaatar
  • Languages:Khalkha Mongol 90% (official), Turkic, Russian (1999)
  • Government
  • National statistics office
  • Population, persons:3,470,939 (2024)
  • Area, sq km:1,557,507
  • GDP per capita, US$:5,765 (2023)
  • GDP, billion current US$:19.9 (2023)
  • GINI index:31.4 (2022)
  • Ease of Doing Business rank:81

All datasets: I
  • I
    • September 2024
      Source: Heritage Foundation
      Uploaded by: Knoema
      Accessed On: 05 September, 2024
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      Data cited at: Heritage Foundation   Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. Economic Freedom Scores: Range and level of freedom 80–100:- Free 70–79.9:- Mostly Free 60–69.9:- Moderately Free 50–59.9:- Mostly Unfree 0–49.9:- Repressed