Mongolia Business Directory & List of Companies

Brief Overview of Mongolia

Mongolia, located in East Asia, is a landlocked country known for its vast landscapes and rich cultural heritage. With a total area of approximately 1.5 million square kilometers, it is one of the largest countries in the world. As of the latest available data, Mongolia has a population of over 3.3 million people.

Mongolia on Map - see more from Google map

List of Provinces in Mongolia

Mongolia is divided into 21 provinces (aimags) and one capital city, Ulaanbaatar. The following are the top five provinces by population, along with their provincial capitals:

• Ulaanbaatar: The capital city with a population of over 1.4 million.
• Darkhan-Uul: Provincial capital - Darkhan; Population - over 90,000.
• Khovd: Provincial capital - Khovd; Population - over 80,000.
• Orkhon: Provincial capital - Erdenet; Population - over 95,000.
• Bayan-Olgii: Provincial capital - Olgii; Population - over 80,000.

Top Five Cities in Mongolia

Mongolia's urban centers play a significant role in the country's development. The top five cities by population are:

• Ulaanbaatar: Over 1.4 million people.
• Darkhan: Over 90,000 people.
• Erdenet: Over 95,000 people.
• Olgii: Over 80,000 people.
• Khovd: Over 80,000 people.

Economy of Mongolia

The Mongolian economy is characterized by its vast mineral resources and livestock farming. As of the latest data available:

• GDP: Approximately 14 billion USD.
• GDP Growth Rate: 5.3%.
• GDP Per Capita: Approximately 4,210 USD.
• Exports: 6.7 billion USD.
• Imports: 4.8 billion USD.
• Unemployment Rate: 9.1%.
• Ease of Doing Business Rank: 74 (out of 190 countries).

The key sectors of Mongolia's economy include mining, agriculture, construction, and services.

Ten Top Companies in Mongolia

1. Erdenes Tavan Tolgoi: A prominent mining company with a capital of 2 billion USD.
2. Mongol Post: The national postal service company of Mongolia.
3. G-Mobile: An established telecommunications company with a capital of 1.5 billion USD.
4. Mongolyn Alt Corporation: A leading mining and exploration company.
5. Oyu Tolgoi LLC: A significant mining company with operations in the South Gobi region.
6. Tavan Tolgoi: A major mining company focused on coal production.
7. Khaan Bank: One of the largest commercial banks in Mongolia.
8. Ard Financial Group: A financial services company offering a wide range of services.
9. Tavan Bogd Group: A diversified conglomerate with interests in various sectors.
10. Mongolian Stock Exchange: The national stock exchange facilitating trading and investment.

Ten Top Banks in Mongolia

1. Khaan Bank: A leading bank in Mongolia.
2. Trade and Development Bank of Mongolia (TDB): One of the largest commercial banks in the country.
3. XacBank: A well-established financial institution with a significant presence.
4. State Bank of Mongolia: The central bank and regulatory authority for Mongolia's financial sector.
5. Golomt Bank: A major commercial bank offering a wide range of financial services.
6. Capitron Bank: A growing bank known for its innovative financial solutions.
7. Credit Bank of Mongolia: A financial institution focused on providing loans and credit services.
8. Ulaanbaatar City Bank: A local bank serving the capital city and its residents.
9. National Investment Bank of Mongolia (NIB): A government-owned development bank.
10. TDB Capital: A subsidiary of TDB, specializing in investment banking and financial advisory services.