Mongolia has a population of 2.8 million people, and a land mass of 1.5 million km2. Life expectancy is 68 years, and with a per capita GDP of USD 3735, the country is classified as a lower middle income country. The country's GDP grew in 2017 with 5.9%, and totaled a nominal value of USD 11.4 billion.
Mongolia is ranked at place 74 in the World Bank Doing Business Index, out of 190 countries in total. On Transparency International's corruption perception index, Mongolia is ranked at place 103, out of 180 countries in total.
Norwegian exports to Mongolia in 2017 were NOK 7 million. The same year, Norway imported goods from Mongolia at a value of 6 million.