A breathtaking view of expansive grasslands under a bright blue sky, featuring a rugged rocky outcrop.Panoramic view of Ulaanbaatar with greenery and mountains in Mongolia.Scenic view of a traditional settlement with yurts in the vast grasslands of Inner Mongolia, China.Scenic view of horses grazing by traditional yurts under a blue sky in Inner Mongolia, China.Explore the urban skyline of Ulaanbaatar, Mongolia with mountains in the backdrop.

Mongolia

Asia · Eastern Asia

High PeaceVery Affordable Cost of Living
High Development
Population3.5M130th
GDP / Capita$7KUpper-mid
PPP / Capita$19KLow
Gender Inequality0.297Low
Life Expectancy72 yrsModerate

Land of sky and steppe — nomadic traditions, extreme climate, ultra low cost.

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Backpacker

Ideal destination

At a Glance

50
ModerateSafety
79
Very AffordableCost of Living
86
ModerateWater Access
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Mongolia

Mongolia is a vast landlocked country in Central Asia where the nomadic way of life that gave the world the great Mongol Empire survives in the culture of herders who still move with the seasons across the steppe. The landscape is one of the most open and unspoilt in the world, with the Gobi Desert in the south, taiga forest in the north, and an almost infinite expanse of grassland in between. Those who seek real silence, open horizons, and a culture with its own ancient logic will find it one of the most extraordinary journeys possible.

  • Least densely populated country on earth — roughly 2 people per square kilometre.
  • Built the largest contiguous land empire in history — roughly 24% of the earth's land.
  • Eagle Festival in Ölgii: hunters compete with trained golden eagles in a tradition unchanged for centuries.
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Quick Facts

Capital

Ulan Bator

Language

Mongolian

Currency

MNT

Area

1.56M km²

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Nomad Hub

Fixed Broadband

82Mbps

Moderate89th globally
EnglishVery Low
PlugType C/F

GDP / Capita

i

$7K

Lower Mid

PPP / Capita

i

$19K

Upper Mid

Inflation

i

6.2%

Moderate

Unemployment

i

5.2%

Low

Innovation (GII)

i

26.7

Below Avg

GNI / Capita

i

$5K

Lower Mid

Tax Revenue

i

16.9%

FDI Inflows

i

11.7%

Education Spend

i

5.2%

Cost of Living

i

31.4

Very Affordable

Price Level Index

i

67th pct

Very Affordable

20-Year Trend + IMF Forecast

Income & inflation over time

i
+578% nominal+125% real
$7K$13K$20K10%20%30%200520102015202020252027
GDPPPPInflationIMF forecast
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Neighbouring Countries