Mongolia is in Northern Asia, between China and Russia. The climate is desert continental with large daily and seasonal temperature ranges. The official language is Mongolian. It is written in the Cyrillic alphabet. Kazakh, and Russian are also spoken. English is common in the capital Ulaanbaatar and spoken at most hotels, Western restaurants and bars. The main religion is Buddhism. The economy of Mongolia has traditionally been based on agriculture and the breeding of livestock. Mongolia also has extensive mineral deposits: copper, coal, molybdenum, tin, tungsten, and gold account for a large part of industrial production. Mongolia is the most sparsely populated independent country in the world. The country contains very little arable land, as much of its area is covered by steppes, with mountains to the north and west and the Gobi Desert to the south. Approximately 30% of the population are nomadic or semi-nomadic. Business dress is usually a suit and tie for men and a women should wear a suit. Business is often conducted in English, Russian or Mongolian. The security risk for expatriates in Mongolia is medium. Risks include general crime, violent muggings (in Ulaanbaatar), and potentially violent protest action. The currency of Mongolia is the Mongolian Tugrik (MNT). The economy is mainly cash based. In Ulaanbaatar credit cards are accepted in some hotels, shops and restaurants, and ATMs are widely available, but to a lesser extent elsewhere. Medical facilities are generally below international standards. Payment may be required up front. Complex medical cases generally require evacuation at great cost. High levels of air pollution in Ulaanbaatar may aggravate bronchial, sinus or asthma conditions. The population of Mongolia is 2.8 Million (2017 est.), while the inflation rate is 6.5% (Nov 2017).
Cost Of Living
The cost of living for expatriates / professional migrants in In Mongolia, the cost of each basket, based on local prices, compared to the international average, is categorized follows (Exact cost of living percentages only available in personalised reports): Mongolia as at 1 January 2018 is low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: Low 2) Clothing: Average 3) Communication: Low 4) Education: Very Low 5) Furniture & Appliances: Average 6) Groceries: Low 7) Healthcare: Low 8) Household Accommodation: Very High 9) Miscellaneous: Low 10) Personal Care: Average 11) Recreation & Culture: Very Low 12) Restaurants Meals Out and Hotels: Very Low 13) Transport: Very Low Mongolia is for example -18.8% cheaper than USA for groceries, 16.5% more expensive for household costs than UK, and 28% more expensive for transport costs than India. The hardship premium for Mongolia for an expat from Australia, is for example 30%, i.e. host location (Mongolia) premium of 40% minus home (Australia) location premium of 10%. Mongolia is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Mongolia? Register subscribe to your home location and Mongolia and run your personalised reports.