Mongolia’s coal-driven economic growth since 2023 has elevated the country to upper-middle-income status (UMIC) in 2024. Real gross domestic product (GDP) growth has remained robust, driven by mining and...
Mongolia’s coal-driven economic growth since 2023 has elevated the country to upper-middle-income status (UMIC) in 2024. Real gross domestic product (GDP) growth has remained robust, driven by mining and...
Mongolia’s economy has recovered but the current economic expansion was largely driven by strong coal exports. Public and private consumption growth also supported the economy, spurred by rising household...