Download National Development Innovation Committee, 2012

Mongolian National Chamber of
Commerce and Industry
The main representative body of Mongolian Business Community
… Since 1960
Challenging Country - Mongolia
Presented by Mrs. Magvan OYUNCHIMEG, Vice Chairperson, MNCCI
Economy: GDP Growth
(National Development Innovation Committee, 2012)
GDP Growth Projection
12000
25.0
10000
17.3
8000
6000
14.8
8.6
10.2
0
15.0
14.1
11.4
8.9
6.4
4000
2000
20.0
19.9
-1.3
10.0
5.0
0.0
-5.0
(National Development Innovation Committee, 2012)
Macroeconomic Medium Term Outlook
GDP (US dollars) per capita
20000
15000
10000
5000
0
2005
2006
2007 2008* 2009**2010**2011**2012**2013**2014**2015**
(National Development Innovation Committee, 2012)
4
GDP Growth Forecast in the World
Source: Citi Investment Bank
Research and Analisys
INDUSTRIAL COMPOSITION OF GDP
Mining and quarrying
20%
Agriculture, forestry, fishing
23%
Wholesale and retail trade
4%
6%
16%
8%
8%
Manufacturing
Transporation and storage
15%
Real estate activities
Information and
communication
Other
( Source: National Statistics Office of Mongolia)
Foreign Trade Total Turnover
(Thousand USD)
6,598,358.1
7000000
6000000
4,817,496.3
5000000
4000000
3000000
2,908,502.2
3,200,053.3
2000000
1000000
0
2010
2011
Ýêñïîðò / Export
Èìïîðò / Import
( Source: General Customs Administration of Mongolia)
Export Structure-2011
8. 1.0%
7. 2.0%
6. 2.3%
1 - Coal
9. 10.3%
2 - Copper concentrates
3 - Iron ores and concentrates
5. 3.0%
4. 5.3%
4 - Crude oil.
1. 47.0%
5 - Zinc ores and concentrates
6 - Gold,unwrought or in semimanufactured forms.
7 - Leucite; nepheline and nepheline
syenite; fluorspar.
8 - Molybdenum ores and
concentrates.
9 - Other
3. 9.2%
2. 20.1%
Import Structure-2011
1-
Petroleum products.
2-
Motor vehicles for the transport of goods.
Motor cars and other motor vehicles principally
designed for the transport of persons .
Self-propelled bulldozers, angledozers, graders,
levellers, scrapers, mechanical shovels,
excavators,tamping machines and road rollers.
345-
6789-
1. 17.5%
Machinery for sorting,screening,crushing,mixing earth.
Parts suitable for use solely or principally with the
machinery.
New tyres.
Electrical apparatus for line telephony or line
telegraphy.
Others
2. 8.8%
3. 6.8%
4. 5.7%
5. 2.6%
6. 1.6%
7.
1.4%
8.
1.2%
9. 54.4%
Export Destinations-2011
5 - 0.8%
4 - 1.0%
3 - 1.9%
6 - 0.7%
1. CHINA
4404561.101
91.4%
2. RUSSIAN FEDERATION
96342.43315
2.0%
3. CANADA
90787.57867
1.9%
4. ITALY
49816.10106
1.0%
5. REPUBLIC OF KOREA
37873.25119
0.8%
6. HONG KONG
35299.78274
0.7%
7. Other
102,816.09
2.1%
4,817,496.3
100.0%
7 - 2.1%
2 - 2.0%
1 - 91.4%
Import Destinations-2011
1.CHINA
1978166.728
30.0%
2.RUSSIAN FEDERATION
1624705.798
24.6%
3.UNITED STATES
536024.5854
8.1%
6 - 4.1%
4.JAPAN
490225.7116
7.4%
5 - 5.4%
5.REPUBLIC OF KOREA
356725.091
5.4%
6.GERMANY
273639.0133
4.1%
7.Other
1,338,871.1
20.3%
6,598,358.1
100.0%
7 - 20.3%
1 - 30.0%
4 - 7.4%
3 - 8.1%
2 - 24.6%
Foreign Direct Investment
( Source: Foreign Investment and Foreign Trade Agency, March 2012)
Doing Business in Mongolia (2010)
Before
Now
• 60 days procedure
• 14 materials needed
• 3-5 days procedure
• 7 materials needed
Mongolia ranked at 60 out
of 181 economies of the
world in terms of ease of
doing business
Doing Business
Ease of...
Doing Business
2010 rank
Doing Business
2009 rank
Change in
rank
Doing Business
60
56
-4
Starting a Business
78
61
-17
Dealing with Construction
Permits
103
104
+1
Employing Workers
44
49
+5
Registering Property
25
20
-5
Getting Credit
71
68
-3
Protecting Investors
27
25
-2
Paying Taxes
69
87
+18
Trading Across Borders
155
156
+1
Enforcing Contracts
36
35
-1
Closing a Business
110
110
0
Source: Doing Business Report 2012, The World Bank
Investment opportunities
Energy and
Mineral
Resources
Light
industry
Road, Urban
development
Trade &
service
Food
Agriculture
Tourism
ICT and
Human
Development
Mining and Minerals sector
Mining
Minerals exports
Agriculture sector
Mongolian Agriculture sector in a glance
600 000 ha land has been processed for crop, wheat and vegetable
production out of 1.2 mln. ha land
The output of livestock production
comprises 86.5% of the total output
of agricultural production
100% of potato
need is
provided
domestically
20% of milk
need is
provided
domestically
50-97% of
vegetable and
crop needs are
provided
domestically
40.9% of GDP,
58% of total
employment
Total livestock
has reached
over 50 million
herds by 2009
Policy documents and National programs in
Agriculture sector
Government Policy on Food and Agricultural Sector (2003)
output
of livestock
production
DevelopmentThe
Strategy
of Agricultural
Sector
(2006-2015/ADB)
comprises 86.5% of the total output
of agricultural
production
Comprehensive National
Development
Strategy (2008)
Government Action Plan (2008-2012)
“Crop -3” National Program for Rehabilitation of Agriculture(2008)
“ Food security” program (2009)
“State policy towards herders” (2009)
“Industrialization” program (2009)
Tourism sector
Mongolian Tourism sector in a glance
Mongolian tourism sector was almost fully private-sector based in the last
decade and a business-friendly legal environment has been effectively
sustained in this sector.
4% of GDP,
1% of employment
452 tour
operator
companies
340 tourist
camps, of
which 79 are
high standard
camps
Revenue of USD 296 mln.
per year
326 hotels, of
which 60 are
star-rated
52 public and
private
universities in
the sector
Tourists’ Volume in the last decade
500,000
450,000
Total Tourists
400,000
Africa
350,000
America
300,000
250,000
South and East Asia, Middle
East, and Asia Pacific
countries
Europe
200,000
150,000
100,000
Others
50,000
0
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Main tourist destinations
Tourists’ major destinations in Mongolia
Ulaanbaatar
Gobi
Karakorum
Khuvsgul
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