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#1: Mongolia

2012 GDP: +11.80%

2013 GDP: +16.20%

2013-2015 GDP CAGR: +13.60%

Economy: Mongolia successfully transitioned from a Cold War  Soviet satellite state into semi-modern, mixed capitalist economy. Mineral  deposits of copper, gold, coal, uranium, tin, and tungsten are the major sources  of Mongolia’s wealth. Commodity exports – overwhelmingly to China – and foreign  investment will drive GDP growth. 

Source: World Bank,

 

FM

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