Country Outline

Resource-rich, strategically located and outward-looking, Mongolia is the world’s most sparsely populated country, with 3 million people spread over an area almost as big as Western Europe. n the 20th century, as a puppet state of the former Soviet Union, Mongolia had a primarily agrarian and centrally-planned economy. Following structural reforms and privatization since the 1990s, it emerged as a developing democracy with one of the fastest-growing economies in the world.