Key Figures

Chief of State:
President Ukhnaagiin Khürelsükh
Head of Government:
Prime Minister Luvsannamsrai Oyun-Erdene


Government Name:
Adopted: 1992; This is the 4th constitution and employs democracy for the country with a multi-party system. The six chapters of the constitution are: Sovereignty of the State, Human Rights and Freedoms, Structure of the State, Administrative and Territorial Units, The Constitutional Court, and Amendment of the Constitution.
Government Type:
Semi- Presidential Republic
Mongolia Flag
Coat of Arms of Mongolia

Index of Economic Freedom

Grades each country on a scale of 0 to 100, based on ten freedoms, with 100 representing the greatest amount of economic autonomy from government intervention. Source: Heritage Foundation (2023)

Country Risk Rating

A high-risk political and economic situation and an often very difficult business environment can have a very significant impact on corporate payment behavior. Corporate default probability is very high. Source: Coface (2022)

Government Branches

Main Powers Election Process Election Cycle 1

President is mostly a ceremonial role, but serves as the head of state for Mongolia. The prime minister appoints the governors of the 21 aimags of Mongolia and the governor of the capital.

President is elected by absolute majority vote through a two-round system and prime minister is elected by parliament.

4 years


Highest judicial body.

Supreme Court judges are nominated by a Judicial General Council, but then confirmed and appointed by the president.

Life appointment


Draws up new laws in conjunction with the government and decides on their introduction, approves the yearly budget, and has the power to declare war.

The unicameral State Great Hural has 48 members directly elected from 26 electoral districts, while 28 members are proportionally elected based on a party's share of the total votes.

4 years

Regional Trade Blocs

International Organization Participation [2]

Environmental Agreements [3]

Tax Information [2]

Tax Authority:
Information not available
Tax Name:
Information not available


  1. ElectionGuide
  2. EY,
  3. CIA World Factbook,
  4. U.S. Bilateral Relations Fact Sheets