Mongolia has a population of 2.8 million people, and a land mass of 1.5 millioner km2. Life expectancy is 68 years, and with a per capita GDP of USD 3686, the country is classified as a lower middle income country. The country's GDP grew in 2016 with 1%, and totaled a nominal value of USD 11.1 billion.
Mongolia is ranked at place 64 in the World Bank Doing Business Index, out of 189 countries in total. On Transparency International's corruption perception index, Mongolia is ranked at place 72, out of 167 countries in total.
Norwegian exports to Mongolia in 2016 were NOK 2 million. The same year, Norway imported goods from Mongolia at a value of 5 million.