Mongolia
| Population | 3,530,000 |
| GDP | 12.4bn |
| GDP Growth | 3.5% |
| GDP Growth (Industry) | 33.1% |
| Inflation | 13% |
Major Industries
- construction materials
- mining (coal, copper, molybdenum, fluorspar, and gold)
- oil
- food and beverages
- processing of animal products
Exports now account for more than 40% of GDP. Mongolia depends on China for more than 60% of its external trade – China receives some 90% of Mongolia’s exports and supplies Mongolia with more than one-third of its imports. Mongolia also relies on Russia for 90% of its energy supplies. Remittances from Mongolians working abroad, particularly in South Korea, are significant.
Mongolia is forecast to show dynamic Insurance Market growth for the foreseeable future
About AME CINCo Group:
AME CINCo Group insurance brokers have been providing innovative solutions to clients throughout the C.I.S. and Asia. We are also the first licenced broker in Mongolia. CINCo Group is has a long history and solid reputation as an expert partner in a wide spectrum of coverages including Property Casualty, Energy Coverages, Liability, Employee Benefits, Cargo and Hull.
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