Mongolian 90, Khalkha dialect is predominant), Turkic, Russian
Economic Overview
Key economic indicators for Mongolia
GDP:
$56.474 billion
GDP per Capita:
$16,200
GDP Growth:
7.42%
Inflation:
10.35%
Unemployment:
6.13%
Public Debt:
67.57% of GDP
Credit Rating:
B (2018)
Political System
Governance structure of Mongolia
Government Type:
semi-presidential republic
Head of State:
President Ukhnaagiin KHURELSUKH (since 25 June 2021)
Head of Government:
Prime Minister Luvsannamsrai OYUN-ERDENE (since 27 January 2021)
Judiciary:
Supreme Court (consists of the Chief Justice and 24 judges organized into civil, criminal, and administrative chambers); Constitutional Court or Tsets (consists of the chairman and 8 members)