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Quality of life in Mongolia www.montsame.mn

Ulaanbaatar /MONTSAME/ The ‘Vision-2050’ is a policy document, which was formulated by a working group comprising of 1500 people, including scholars, experts and state secretaries of 13 ministries, heads of some government agencies, authorities of universities and representatives of non-government organizations. According to the Prime Minister's order No: 52 dated April 30, 2019, the working group analyzed development stages of the past 30 years of Mongolia and formulated the policy document that will define long and mid-term development policy until 2050. We are presenting 9 fundamental goals of the development policy in detail.

Improving quality of life and broadening middle class is one of the nine fundamental goals. As of 2018, Mongolia has a population of 3.2 million; average annual population growth rate is 1.9 percent and average life expectancy at birth is 70.2.

Mongolia is ranked at 136th by its population out of 232 countries, at 66th by birth rate and at 143rd by average life expectancy. Average life expectancy gap between men (66.1) and women (75.8) is 9.7 years and men’s average life expectancy is increasing slowly.

Children aged between 0-14 make up 30.9 percent of total population, elders aged 65 years and over make up 3.9 percent and people aged between 15-64 make up the remaining 65.2 percent. According to calculation made by the National Statistical Office in 2015, Mongolia’s population is expected to reach 5.4 million by 2050 and average annual population growth rate will be at around 1.8 percent.

For the living standard, 28.4 percent of total population is living poor below the poverty line as of 2018. However, the scope of poverty decreased by 1.2 percentage points from the previous year.

Furthermore, it is remaining the same, as no positive results have occurred in basic indicators for employment such as involvement rate of working force and employment rate. It shows that employment promotion policy and actions are not making positive results in basic indicators of labor market.

In addition, micro and small sized enterprises are prevailing in Mongolia’s economy. Regarding the number of employees, 86.2 percent of them have 1-9 employees, 6.0 percent of them have 10-19 employees, 4.9 percent of them have 20-49 employees and the remaining small percent has 50 and over employees.

In order to upgrade business environment, they asked the Government to pay priority attention on easing tax burden and giving preference through proper policy, reducing loan interest, easing process for loan providing service of banking and financial organizations, increasing domestic investment, eliminating corruption and bureaucracy as well as creating fair competition and favorable business environment.



Published Date:2020-01-21