Mongolia is a land locked country in east and central Asia.It borders Russia to the north and People's Republic Of Chinato he south, east, and west. Although Mongolia does not share a border with Kazakhstan, its western-most point is only 38 kms from Kazakhstan's eastern tip.Ulaanbaatar, the capital and largest city, is the home of about 38% of the population.Mongolia's political system is a parliamentary republic.
Approximately 30% of the population are nomadic or semi-nomadic. About 20% of the population live on less than US $ 1.25 per day i.e., international poverty line.
It belongs to lower middle income group. Its position from the bottom is 42nd, and from the top 164 with National Averge per Capita Income using atlas method, 2003 estimate.
In other methods IMF, WB and CIA (nominal) eatimate 2007, 2007 and 2008 respecively.