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Abundance of resources and animal husbandry offer potential

Mongolia is more than four times larger than Germany, but only has a population of 3.0 million people. Mining is very important for the country due to its wealth of natural resources, accounting for 70 % of the industrial sector and producing high growth rates. Approx. 37 % of Gross Domestic Product is composed of the industrial sector, with mining constituting the largest share of it. The whole Mongolian economy is significantly resource-driven. Gold, copper and coal are the major export products of the thinly populated landlocked country, which is characterised by extreme seasonal variation in temperature. Mongolian-German relations are on a very solid footing, with 30,000 Mongolians able to speak German which is approx. 1 % of the total population. This is the highest proportion out of all Asian countries. Since the collapse of the Soviet Union, Germany and especially KfW, is a reliable partner. This applies particularly to the energy sector, which is of vital importance to Mongolia due to the country's harsh climate.

Map of Mongolia

Further information

Transparency Portal

Learn more about our projects in Mongolia and their results.

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KfW Office Ulan Bator

Director KfW Office: Michael Sumser-Hellstern

Naiman Zovkhis Building

5th floor

Seoul Street 21

14251 Ulan Bator





+976-11-315 950